Bloomberg Billionaires Index

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# 231 Dang Yanbao $8.08B

Random fact: Dang's newphew is also a director of Baofeng International.

Overview

Dang is the chairman of Ningxia Baofeng Energy Group, a chemical products maker. The Yinchuan, China-based company produces about 1.7 million tons of methanol annually and reported revenue of 13.6 billion yuan ($2 billion) in 2019. It began trading publicly on the Shanghai stock exchange in May 2019.

As of :
Last change -$9.01M ( -0.1%)
YTD change +$872M ( +12.1%)
Industry Energy
Biggest asset 600989 CH Equity
Citizenship China
Age 47
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Dang Yanbao's net worth of $8.08B 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 Dang's fortune is derived from his 69% stake in Ningxia Baofeng Energy Group, a chemical products maker. The Yinchuan, China-based business produces about 1.7 million tons of methanol annually and had revenue of 13.6 billion yuan ($2 billion) in 2019.

Dang holds the shares directly and through investment vehicles including Ningxia Baofeng Group and Dongyi International Group, according to the company's 2020 semi-annual report.

Huang Aijun, a spokesman for the company, declined to comment on the net worth calculation.

Biography

Birthdate:
Family: Unknown, No children
Education: Peking University, Ningxia University

Born in February 1973, Dang graduated from Ningxia University in July 1996 and was awarded an executive master’s degree in business administration from Peking University in July 2007, according the Baofeng International's website.

Dang founded Baofeng Energy, a chemical product maker and distributor in Yinchuan, China in 2005, after serving different roles in trading and construction, according to the company's May 2019 prospectus.

Dang also holds several public offices in China; he's a committee member of the 12th Chinese People’s Political Consultative Conference, a representative at the 11th People’s Congress of Ningxia Hui Autonomous Region and counselor for the People’s Government of Ningxia Hui Autonomous Region.

Milestones
  • 1973 Born in Ningxia, China
  • 1996 Graduates from Ningxia University.
  • 2005 Baofeng Energy is founded.
  • 2019 Company begins trading publicly in Shanghai.