Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#418 Jiang Rensheng $4.51B

Random fact: Sole distributor of Merck Sharp & Dohme's HPV vaccine in mainland China.

Overview

Jiang is the chairman of Chongqing Zhifei Biological Products Co., a manufacturer of vaccines. The Chongqing, China-based company sells its products, including vaccines for tuberculosis and meningococcal, in more than 300 cities across the country. It reported revenue of 1.3 billion yuan ($197 million) in 2017.

As of June 24, 2018:
Last change -$11.2M (-0.3%)
YTD change +$1.68B (+59.5%)
Industry Health Care
Biggest asset 300122 CH Equity
Citizenship China
Age 64
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jiang Rensheng's net worth of $4.51B 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 Jiang's fortune is derived from his 60 percent stake in Chongqing Zhifei Biological Products Co., a vaccines manufacturer. The Chongqing, China-based company sells medical products in more than 300 cities across China, according to its website. The company reported revenue of 1.3 billion yuan ($197 million) in 2017, according to its 2017 annual report.

Jiang holds the shares directly and through his son, according to the company's first quarter report for 2018. About one-third of his shares are pledged, according to a May 30, 2018 filing. Pledged shares are removed from the net wealth calculation.

The valuation of his cash investments is based on an analysis on dividends, insider transactions, market performance and taxes.

Qin Fei, spokesman of the company, declined to comment on the Jiang's net worth.

Biography

Birthdate: 10/8/1953
Family: Married, 1 child
Education: Associate's Degree

Jiang was born in Guangxi, China. Jiang is the fourth child born into a working class family. He finished high school in 1970 and returned to his village to be a teacher at a local primary school.

He enrolled at Guilin Medical University in 1977. Jiang graduated three years later and was assigned to work at a anti-epidemic facility. He worked there for 19 years before moving to Chengdu to work for a vaccine company. In June 2002, he set-up Chongqing Zhifei Biological Product Co. with four other colleagues by acquiring the vaccine company they used to work for, according to a Jan. 4, 2018 report by Chinese media outlet Jiemian.

The company gradually expanded, and began trading publicly on the Shenzhen Stock Exchange in September 2010.

Milestones
  • 1953 Born in Guangxi, China.
  • 1980 Graduates from Guilin Medical University in China.
  • 1980 Starts working at a health and anti-epidemic station.
  • 1999 Quits his job to begin work for a medical vaccine company.
  • 2002 Chongqing Zhifei Biological Products is founded.
  • 2008 Acquires Anhui Longcom Biologic Pharmacy Co. for 94 million yuan.
  • 2010 The company begins trading publicly in Shenzhen.
  • 2018 Obatins distribution rights for Merck Sharp & Dohme's HPV vaccine in China.