Zhang Jindong’s profile picture

Zhang Jindong

Zhang Jindong’s profile picture
Net worth 2018: $6.11 Billion
Residence: Nanjing, China
Country: China
BirthDay: 1963
Children: 2
Education: Bachelor of Arts / Science, Nanjing Normal University
BIOGRAPHY

Zhang Jindong was bornon 1963 in Nanjing, China, China. Zhang Jindong is #309 in List Billionaires People In The World. Zhang Jindong chairs Suning Commerce Group, one of China's largest appliance retailers. In June 2016 his private firm Suning Holdings bought 70% of F.C. Inter Milan for $300 million; his firm also owns 61% of online broadcaster PPTV. Jindong's brother Zhang Guiping is also a billionaire.

NET WORTH STATISTIC
2009

$2.7 Billion

2010

$4.5 Billion

2011

$5 Billion

2012

$4.5 Billion

2013

$3.3 Billion

2014

$3.7 Billion

2015

$4.2 Billion

2016

$3.8 Billion

2017

$4.1 Billion

2018

$6.11 Billion

TIMELINE
Zhang Jindong (born March 1963), is a Chinese entrepreneur. He is one the founder and current largest shareholder of the Suning Commerce Group, headquartered in Nanjing, Jiangsu Province. He also owned 100% stake in Suning Holdings Group, 65% stake in Suning Real Estate as well as 48.1% stake in Suning Appliance Group as the second largest shareholder.He was also the managing director and general manager of Suning Holdings Group, chairman of Suning Commerce Group.Zhang Jindong was born in Anhui Province in 1963. He graduated from the Nanjing Normal University and studied Chinese literature.Zhang Jindong together with his older brother Zhang Guiping (Chinese: 张桂平) opened a shop on Ninghai Road (Chinese: 宁海路) corner Jiangsu Road in Nanjing, selling air conditioning and related products in 1990. The brand Suning came from choosing one word each from Jiang-su and Ning-hai; the roads themselves were named after the city and province of the same name. Later Zhang Guiping exited the business and shifted into real estate, now known as Suning Universal. Zhang Jindong did however, also start his own real estate company Suning Real Estate some time later.Zhang Jindong further developed his small shop into a giant business group - the Suning Group, in the space of only 15 years. He also founded and co-founded Suning Holdings Group and Suning Appliance Group respectively, as unlisted portions of his business empire, leaving Suning Commerce Group as the only listing company. In 2013's Hurun Report's China Rich List, Zhang was ranked No.9 with $6.4 billion. Zhang Jindong was ranked 28th in 2015 Forbes's China Rich List.He was also elected to the National Committee of the Chinese People's Political Consultative Conference, a senior governmental body. He was a member of the Provincial People's Congress (zh), but not a member of the National People's Congress.On 6 June 2016 Zhang Jindong, via his own private holding company Suning Holdings Group, signed a contract to purchase the majority stake in Italian football club Inter Milan, by purchasing existing shares and through recapitalization. The deal was approved by the extraordinary general meeting on 28 June 2016, which after the deal, Suning Holdings Group owned 68.55% shares.He is the father of Zhang Kangyang (Steven) who is a member of the board of directors of Inter Milan; Zhang Jindong is not himself a member of the board. Steven personally owns 10% stake in Suning Real Estate, one of the companies within his father's business empire.
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