Bloomberg Billionaires Index

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# 224 Qin Yinglin $7.30B

Random fact: Began his business with 22 pigs after quitting a state-owned company.

Overview

Qin is the founder and chairman of Muyuan Foodstuff, a pig breeder. The Nanyang, China-based company slaughters about 5 million pigs each year. It also produces a range of animal feed products. The company began trading publicly in Shenzhen in 2014 and reported revenue of 13.4 billion ($2 billion) in 2018.

As of :
Last change +$52.0M ( +0.7%)
YTD change +$5.06B ( +225.3%)
Industry Food & Beverage
Biggest asset 002714 CH Equity
Citizenship China
Age 54
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Qin Yinglin's net worth of $7.30B 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 Qin's wealth is derived from a 64 percent stake in Muyuan Foodstuff, a Nanyang, China-based pig breeder. He holds the shares directly and with his wife through Muyuan Industrial Group, according to the company's first quarter report for 2019. About 60 percent of his shares are pledged and removed from the calculation.

Muyuan Foodstuff slaughters about 5 million pigs each year, according to its website.

A liability is applied based on an analysis of dividend income, insider transactions, taxes and market performance.

Cao Fang, a spokeswoman for the company, declined to comment on the billionaire's net worth.

Biography

Birthdate: 1/1/1965
Family: Married, No children
Education: Henan Agricultural University

Qin was born in 1965. He's a native of the Henan province, according to his company's website, and he graduated from Henan Agriculture University with a degree in animal husbandry at the age of 24.

Qin was sent to a state-owned enterprise after graduation but he didn't like the job. He quit three years later and started a pig breeding business, Muyuan Foodstuff, in his hometown of Nanyang. He began the company with just 22 pigs.

The company became publicly traded on the Shenzhen Stock Exchange in 2014.

Qin donated shares worth about 100 million yuan ($13 million) to a University in Hangzhou in February 2019. By this time Muyuan Foodstuff was slaughtering about 5 million pigs each year.

Milestones
  • 1965 Born in Nanyang, China.
  • 1989 Graduates from Henan Agriculture University with a degree in animal husbandry.
  • 1992 Starts Muyuan Foodstuff in Nanyang, China.
  • 2014 Company begins trading publicly on Shenzhen Stock Exchange.