Yao Zhenhua’s profile picture

Yao Zhenhua

Chairman, Baoneng Group
Yao Zhenhua’s profile picture
Net worth 2018: $9.4 Billion
Industry: Diversified
Residence: Shenzhen, China
Country: China
BIOGRAPHY

Yao Zhenhua was born in Shenzhen, China, China, is Chairman, Baoneng Group. Yao Zhenhua is #169 in List Billionaires People In The World. Yao Zhenhua was barely known before an insurer he controls started to buy shares in property developer China Vanke, where he holds a 25% stake. Regulators unhappy with trading by Yao's insurer Foresea Life barred him from holding a position in the industry for a decade. Yao founded Baoneng Group in 1992 as a retailing business; today it has more than 40 shopping malls around China and is involved in healthcare.

NET WORTH STATISTIC
2016

$1.9 Billion

2017

$8.4 Billion

2018

$9.4 Billion

TIMELINE
Yao Zhenhua is a Chinese billionaire businessman, and the chairman of Baoneng Group.In 1992, Yao founded Baoneng Group, which now has over 40 shopping malls in China.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.Yao lives in Shenzhen, China.
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