Bloomberg Billionaires Index

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#332 Ma Jianrong $5.20B

Random fact: Shenzhou spent only six months preparing for its initial public offering.

Overview

Ma is the chairman and the largest shareholder of Shenzhou International Group, a publicly traded knitwear and textile manufacturer that supplies brands such as Uniqlo and Adidas. The Ningbo, China-based manufacturer employs almost 70,000 people and had revenue of 12.6 billion yuan ($2 billion) in 2015.

As of July 26, 2017:
Last change -$100M (-1.9%)
YTD change +$435M (+9.1%)
Industry Consumer
Biggest asset 2313 HK Equity
Citizenship China
Age 51
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ma Jianrong's net worth of $5.20B 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 Ma's fortune is derived from his 46 percent stake in publicly traded Shenzhou International Group, a Ningbo, China-based textile manufacturer. He controls the shares through his majority stake in closely held Keep Glory and wholly owned Splendid Steed Investment, according to the company's 2015 annual report. His 46 percent interest includes a 3.2 percent stake held by his father, which is credited to the billionaire to reflect his control of the company and status as chairman.

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

Kiki Zhang, a spokeswoman for Shenzhou International Group, declined to comment on the Ma’s fortune.

Biography

Birthdate: 1965
Family: Married, No children

Ma Jianrong was born in China's eastern coast in 1965. He started his career as a factory worker at textile plants before joining Ningbo Shenzhou Knitting, the predecessor of Shenzhou International, in 1989.

His father, Ma Baoxing, was the then chairman of Shenzhou. At age 33, the junior Ma replaced his father as chairman and developed the business into the largest vertically-integrated knitwear manufacturer in China.

In 2000, Ma together with his father and brother-in-law, decided to acquire the company after serving as key managers for a decade. Five years later, Shenzhou became publicly traded in Hong Kong. Shenzhou produces sports wear, casual wear and lingerie. It's a key supplier for brands including Uniqlo, Adidas, Nike and Puma.

Ma and his family live in the city of Ningbo, where Shenzhou is based.

Milestones
  • 1965 Ma is born in China's eastern province of Zhejiang.
  • 1981 Starts career in the textile industry as a factory worker.
  • 1989 Joins the predecessor of Shenzhou International as a manager.
  • 1990 The predecessor of Shenzhou launches operation.
  • 1998 Replaces his father as chairman of Shenzhou.
  • 1999 Begins building Shenzhou as a vertically-integrated knitwear maker.
  • 2000 Acquires Shenzhou along with father and brother-in-law.
  • 2005 Shenzhou International Group starts to trade publicly in Hong Kong.