Yao Zhenhua
Diversified

Yao Zhenhua Net Worth

1 year from now

Yao Zhenhua, born in Shenzhen, China, is the Chairman of the Baoneng Group. He rose to prominence when his insurer Foresea Life began buying shares in property developer China Vanke, where he holds a 25% stake. However, his actions were met with disapproval from regulators, resulting in a 10-year ban from the industry. Baoneng Group has since grown to include more than 40 shopping malls and healthcare services.
Yao Zhenhua is a member of Diversified

Age, Biography and Wiki

Who is it? Chairman, Baoneng Group
Birth Place Shenzhen, China, China
Residence Shenzhen, China
Occupation Businessman
Title Chairman, Baoneng Group

💰 Net worth: $5.4 Billion (2024)

Yao Zhenhua, the renowned Chairman of Baoneng Group in China, is expected to possess a staggering net worth of $5.4 billion by the year 2024. As a prominent figure in the business world, Yao Zhenhua has successfully built a thriving empire, propelling him to great financial heights. Baoneng Group, under his visionary leadership, has flourished and diversified its business interests, especially in the real estate and automotive sectors. With his astute business acumen and strategic investments, Yao Zhenhua continues to leave an indelible mark on the Chinese business landscape, solidifying his status as one of the wealthiest individuals in the country.

2016 $1.9 Billion
2017 $8.4 Billion
2018 $9.4 Billion

Biography/Timeline

1992

In 1992, Yao founded Baoneng Group, which now has over 40 shopping malls in China.

2017

In February 2017, Yao was banned from China's insurance industry for ten years after a failed takeover bid for Vanke by a Baoneng company, Foresea Life Insurance.

Tags Living people Chinese billionaires Chinese businesspeople Chinese people stubs

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.