Yao Zhenhua & family
Chairman, Baoneng Group
$5.45B
as of 03/04/22
About Yao Zhenhua & family
Yao Zhenhua was barely known before an insurer he controls started to buy shares in property developer China Vanke, where he holds a 25% stake.
Regulators unhappy with trading by Yao's insurer Foresea Life in 2017 barred him from holding a position in the industry for a decade.
Yao founded Baoneng Group in 1992 as a retailing business; today it has more than 40 shopping malls around China and is involved in healthcare.
Personal stats
Citizenship
People's Republic of ChinaSource of wealth
conglomerateResidence
Shenzhen, People's Republic of ChinaBirth date
02/01/70 (age 54)Self-made
self-madeYao Zhenhua & family’s fortune is worth
91K
troy ounces of gold
84K
median U.S. household
54K
median U.S. income
0.109%
U.S. credit card volume
0.022%
GDP of the United States
0.016%
United States debt
Net worth history
Annual ranking
Net worth over time
Real-time ranking
Financial assets
SHENZHEN | 000002-CN
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