Dad Gave Him Shares in a Gold Mine. Now He’s a Billionaire at 25

Wang Guanran had only just begun working at the family business when his father handed him a 31% stake in a Chinese gold mine in 2020.

Five years later, after shares of Lingbao Gold Group Co. surged more than 400% in the past 12 months, that stake has helped propel the 25-year-old to a net worth of at least $1.2 billion, according to the Bloomberg Billionaires Index. Most of his fortune is tied to holdings in the precious-metals producer, worth roughly $1 billion, as well as a stake in Shenzhen-listed Zhejiang Yueling Co., an aluminum alloy wheel maker.