Bloomberg Billionaires Index

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# 386 Ding Shizhong $5.30B

Random fact: A group led by Anta acquired Finland's Amer Sports for $5.2 billion.

Overview

Ding is the chairman of Anta Sports Products, a manufacturer of sport shoes and athletic apparel. The Fujian-based business has more than 10,000 stores in mainland China and reported revenue of 24.1 billion yuan ($3.6 billion) in 2018. The group's collection of brands includes Anta, Fila, Amer Sports and Descente.

As of :
Last change -$117M ( -2.2%)
YTD change -$352M ( -6.2%)
Industry Consumer
Biggest asset 2020 HK Equity
Citizenship China
Age 50
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ding Shizhong's net worth of $5.30B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Ding's wealth is derived from his 21% stake from Anta Sports Products, a Chinese sportswear maker. The Fujian based business reported a revenue of 24.1 billion yuan ($3.6 billion) in 2018 with over 10,200 stores in mainland China.

The group's brands include Anta, Fila and Amer Sports, according to the company's 2019 semi-annual report. He own his shares through a family trust, according to the same report.

The value of his cash is based on an analysis of stock dividends, insider transactions, taxes and market performance.

Biography

Birthdate: 1/1/1970
Family: Married, No children

Born in 1970, Ding started trading sportswear in Beijing at the age of 17, according to a Sohu News report. In 1991, he co-founded Anta Sports with his father Ding Hemu and brother Ding Shijia in Fujian, China, according to the company's website.

Anta opened its first retail store in Beijing in 2001, according to the company's website. It began trading publicly in Hong Kong in 2007.

Anta acquired FILA's mainland, Hong Kong and Macau business in 2010. It later led a consortium that acquired Finland's Amer Sports for $5.2 billion in 2018.

Milestones
  • 1991 Company is founded in Fujian, China.
  • 2001 First Anta retail store opens in Beijing.
  • 2007 Starts trading publicly in Hong Kong.
  • 2009 Acquires FILA's mainland, Hong Kong and Macau business.