Bloomberg Billionaires Index

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# 301 Ding Shizhong $7.36B

Random fact: Launched a kids fashion line in 2008.

Overview

Ding is the chairman of Anta Sports Products, a manufacturer of sport shoes and athletic apparel. The Fujian-based business has more than 11,000 stores in mainland China and reported revenue of 35.5 billion yuan ($5.1 billion) in 2020. The group's collection of brands includes Anta, Fila, Amer Sports and Descente.

As of :
Last change +$4.66M ( +0.1%)
YTD change -$1.66B ( -18.4%)
Biggest asset 2020 HK Equity
Country / Region China
Age 52
Industry Consumer
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ding Shizhong's net worth of $7.36B 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 Ding's wealth is derived from his 19% stake from Anta Sports Products, a Chinese sportswear maker. The Fujian based business reported a revenue of 35.5 billion yuan ($5.1 billion) in 2020 and more than 11,000 stores in mainland China, according to its 2020 annual report.

The group's brands include Anta, Fila and Amer Sports, according to the company's annual report. He own his shares through a family trust, according to a Dec. 20, 2021 Hong Kong stock exchange filing. The billionaire family donated 84.5 million shares to charity in December 2021 and this led to a $500 million decrease in the net worth calculation.

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

A company representative declined to comment.

Biography

Birthdate: 1970
Family: Married, No children

Born in 1970, Ding started trading sportswear in Beijing at the age of 17, according to a Sohu News report. In 1991, he co-founded Anta Sports with his father Ding Hemu and brother Ding Shijia in Fujian, China, according to the company's website.

Anta opened its first retail store in Beijing in 2001, according to the company's website. It began trading publicly in Hong Kong in 2007.

Anta acquired FILA's mainland, Hong Kong and Macau business in 2010. It later led a consortium that acquired Finland's Amer Sports for $5.2 billion in 2018.

Milestones
  • 1991 Company is founded in Fujian, China.
  • 2001 First Anta retail store opens in Beijing.
  • 2007 Starts trading publicly in Hong Kong.
  • 2009 Acquires FILA's mainland, Hong Kong and Macau business.