Bloomberg Billionaires Index

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# 332 Jiang Weiping $6.95B

Random fact: Owns more than 150 patents for its products.

Overview

Jiang is the founder and chairman of Tianqi Lithium Corporation, a lithium miner and products maker in China. The Chenegdu, Sichuan-based business reported revenue of 7.7 billion yuan ($1.2 billion) in 2021. It has operations in China, Australia and Chile with more than 1,800 employees around the world.

As of :
Last change -$129M ( -1.8%)
YTD change -$12.5M ( -0.2%)
Biggest asset 002466 CH Equity
Country / Region China
Age 67
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jiang Weiping's net worth of $6.95B 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 32% in Tianqi Lithium Corporation, a lithium miner in China. It has operation in China, Australia and Chile with more than 1,600 employees around the world, according to the company's website.

Jiang owns the shares through Tianqi Group and wife Zhang Jing, according to a June 15, 2022 company filing. About one-fifth of the stake is pledged and removed from the net worth calculation, according to the filing.

Cash holdings are valued based on an analysis of historical transactions, dividends, stock performance and taxes.

Li Bo, a spokesperson for the company, didn't respond to a request for comment on the valuation.

Biography

Birthdate: 1955
Family: Married, 1 child
Education: Sichuan University of Science & Technology

Jiang was born in China in 1955. Early in his career he worked in a Chengdu machinery factory for the southwestern branch of China Agriculture Machinery Company, according to Tianqi Lithium's filing.

In 1997, he began working for himself and seven years later he acquired Shehong Lithium through Tianqi Group. The business started trading on the Shenzhen Stock Exchange in 2010, according to the company's website.

It obtained a license for the Cuola mine in Yajiang, Sichuanin in 2012 and took a stake in the Greenbushes lithium deposit in Western Australia in 2014, according to the website.

By 2021, it had operations in China, Australia and Chile with more than 1,800 employees across the world.

Milestones
  • 2004 Jiang acquired Shehong Lithium through Tianqi Group.
  • 2010 Started trading on the Shenzhen Stock Exchange.
  • 2012 Acquired a plant in Zhangjianggang, China.
  • 2016 Commenced the construction of a lithium chemical plant in Kwinana, Australia.