Jiang is the founder and chairman of Tianqi Lithium Corporation, a lithium miner and products maker in China. The Chenegdu, Sichuan-based business reported revenue of 7.7 billion yuan ($1.2 billion) in 2021. It has operations in China, Australia and Chile with more than 1,800 employees around the world.
Jiang Weiping's net worth of $7.11B can buy ...
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The majority of Jiang's fortune is derived from his 32% in Tianqi Lithium Corporation, a lithium miner in China. It has operation in China, Australia and Chile with more than 1,600 employees around the world, according to the company's website.
Jiang owns the shares through Tianqi Group and wife Zhang Jing, according to a June 15, 2022 company filing. About one-fifth of the stake is pledged and removed from the net worth calculation, according to the filing.
Cash holdings are valued based on an analysis of historical transactions, dividends, stock performance and taxes.
Li Bo, a spokesperson for the company, didn't respond to a request for comment on the valuation.
Jiang was born in China in 1955. Early in his career he worked in a Chengdu machinery factory for the southwestern branch of China Agriculture Machinery Company, according to Tianqi Lithium's filing.
In 1997, he began working for himself and seven years later he acquired Shehong Lithium through Tianqi Group. The business started trading on the Shenzhen Stock Exchange in 2010, according to the company's website.
It obtained a license for the Cuola mine in Yajiang, Sichuanin in 2012 and took a stake in the Greenbushes lithium deposit in Western Australia in 2014, according to the website.
By 2021, it had operations in China, Australia and Chile with more than 1,800 employees across the world.