Bloomberg Billionaires Index

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#192 Ma Jianrong $7.98B

Random fact: Shenzhou was the first textile manufacture to expand to South Asia.

Overview

Ma is the chairman and the largest shareholder of Shenzhou International Group, a knitwear and textile manufacturer that supplies leading clothiers including Uniqlo and Adidas. The Ningbo, China-based manufacturer is publicly traded, employs about 75,000 people and had revenue of 18.1 billion yuan ($2.7 billion) in 2017.

As of May 27, 2018:
Last change +$9.85M (+0.1%)
YTD change +$1.13B (+16.6%)
Industry Consumer
Biggest asset 2313 HK Equity
Citizenship China
Age 52
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ma Jianrong's net worth of $7.98B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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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 publicly traded Shenzhou International Group. The Ningbo, China-based textile manufacturer employs more than 74,600 people and had revenue of 18.1 billion yuan ($2.7 billion) in 2017, according to the company's 2017 annual report. 

He controls 40 percent of the business through holding companies Keep Glory and Splendid Steed Investment, according to the company's annual report for 2017. His stake includes the 3 percent held by his father and credited to the billionaire to reflect his control of the company and status as chairman.

The value of his cash investments is based on an analysis of these proceeds, as well as taxes and market performance. 

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.