Bloomberg Billionaires Index

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# 145 Qin Yinglin $10.9B

Random fact: Describes pig breeding as a "high-tech industry."

Overview

Qin is the founder and chairman of Muyuan Foodstuff, a pig breeding and distribution company. The Nanyang, China-based group began trading publicly in Shenzhen in 2014 and also produces a range of animal feed products. It slaughtered about 11 million pigs in 2018 when it reported revenue of 13.4 billion yuan ($2 billion).

As of :
Last change +$10.1M ( +0.1%)
YTD change +$1.73B ( +18.9%)
Industry Food & Beverage
Biggest asset 002714 CH Equity
Citizenship China
Age 55
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Qin Yinglin's net worth of $10.9B 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 60% 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 2019 third-quarter report. About half of his shares are pledged and removed from the calculation.

Muyuan Foodstuff slaughtered about 11 million pigs in 2018, according to its website.

The value of his cash is 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.