Bloomberg Billionaires Index

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# 139 Jin Baofang $12.6B

Random fact: Started his career as an accountant at a cement factory.

Overview

Jin is the chairman of JA Solar Technology, a solar equipment manufacturer in China. The Beijing-based company's photovoltaic products are installed at power plants as well as on commercial and residential rooftops. JA Solar was founded in 2005 and reported revenue of 41.3 billion yuan ($6.4 billion) in 2021.

As of :
Last change +$121M ( +1.0%)
YTD change +$1.08B ( +9.4%)
Biggest asset 002459 CH Equity
Country / Region China
Age 70
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jin Baofang's net worth of $12.6B 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:

Jin's fortune is derived from his 48% stake in JA Solar Technology, a solar equipment manufacturer in China. The Beijing-based business reported revenue of 41.3 billion yuan ($6.4 billion) in 2021.

Jin holds the shares directly and through holding company Jintaifu, according to a May 11, 2022 company filing.

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

A company spokesperson declined to comment on the calculation.

Biography

Birthdate: 1/1/1952
Family: Unmarried, No children

Jin was born in 1952. He studied at a finance vocational school in 1972 before starting his career as an accountant at a cement factory in Xingtai in northern China. He later had stints at an agricultural engineering factory and electricity bureau over the next two decades, according to the company's 2019 annual report.

Jin founded Jinlong Group, a photovoltaic cells maker in 2003 and he became the chairman of JA Solar in 2005.

JA Solar completed an initial public offering in New York in 2007 before delisting 11 years later. The company became publicly trading in Shenzhen in November 2019 via a backdoor listing.

Milestones
  • 2005 JA Solar was founded.
  • 2007 JA Solar started trading on the Nasdaq in New York.
  • 2015 Factory in Malaysia started operations.
  • 2018 Delisted in the U.S. before seeking a backdoor listing in China.