Bloomberg Billionaires Index

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# 280 Zeng Yuqun $6.40B

Random fact: CATL's vice chairman Huang Shilin is also a billionaire.

Overview

Zeng is the chairman of Contemporary Amperex Technology Co., the largest supplier of electric vehicle batteries by sales in the world. The Ningde, China-based company reported revenue of 29.4 billion yuan ($4.5 billion) in 2018 and has more than 17,900 employees. It started trading publicly in Shenzhen on June 11, 2018.

As of :
Last change -$59.5M ( -0.9%)
YTD change +$91.0M ( +1.4%)
Industry Industrial
Biggest asset 300750 CH Equity
Citizenship Hong Kong
Age 51
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zeng Yuqun's net worth of $6.40B 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 Zeng's fortune is derived from his 26 percent stake in Contemporary Amperex Technology Co., a battery products manufacturer. CATL is the largest supplier of electric vehicle batteries in the world, according to its website.

He owns the shares through holding company Ruiting Investment, according to CATL's first quarter report for 2019.

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

Wei Li, spokesman of the company, didn't respond to requests for comment.

Biography

Birthdate: 1/1/1968
Family: Unmarried, No children
Education: Chinese Academy of Sciences

Zeng was born in a village in Ningde, Fujian Province, southeast of China in 1968. He went to Shanghai Jiaotong University to study marine engineering at the age of 18.

He joined an electronic parts factory after graduation where he worked for 10 years. Zeng co-founded Amperex Technology in 1999 with two former colleagues. The company produced batteries for digital gadgets, including iPhones, according to a Financial Times report in 2018.

He did further study on electronic information at South China University of Technology and received a masters degree in 2001. He later obtained a PhD degree in physics from Chinese Academy of Sciences in 2006.

Contemporary Amperex Technology Co., was spun off Amperex Technology in 2011. It was the largest supplier of electric vehicle batteries by sales in the world in 2017. The company began trading publicly in Shenzhen in June 2018.

Milestones
  • 1968 Born in a village in Fujian, southeast of China.
  • 1985 Studies marine engineering in Shanghai Jiaotong University.
  • 1999 Co-founds Amperex Technology.
  • 2006 Obtains a PhD degree in Physics from Chinese Academy of Sciences.
  • 2011 CATL was founded.
  • 2014 Begins partnership with BMW.
  • 2017 Sets up offices in France, U.S., Canada and Japan.
  • 2018 Company starts trading in Shenzhen.