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 reported revenue of 137.9 billion yuan ($19.2 billion) in 2024 and sold about 78 million pigs in 2025.
The majority of Qin's wealth is derived from a 55% stake in Muyuan Foodstuff, a Nanyang, China-based pig breeder. He holds the shares directly, through Muyuan Industrial Group and with his wife and son, according to a February 2026 company filing. Muyuan Foodstuff sold about 78 million pigs in 2025, according to its website.
The value of his cash is based on an analysis of dividend income, insider transactions, taxes and market performance.
Qin Jun, a spokesperson for the company, didn't respond to a request for comment on the net worth calculation.
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.