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What is Dang Yanbao’s Net Worth?
Dang Yanbao, a prominent Chinese entrepreneur and philanthropist, has an estimated net worth of around $14.08 billion. Dang’s primary source of wealth is his substantial stake in Ningxia Baofeng Energy Group, a leading chemical products manufacturer based in Yinchuan, China. The company, which he founded in 2005, produces around 7 million tons of coal annually and reported revenues of 29.1 billion yuan ($4.1 billion) in 2023.
Dang holds a 70% stake in the company, which he manages through various investment vehicles, including Ningxia Baofeng Group and East Step International Group.
In addition to his business acumen, Dang Yanbao is also known for his philanthropic efforts. He and his wife established the Ningxia Yanbao Charity Foundation in 2011, which has since donated substantial amounts to various causes, including education and poverty alleviation. The foundation has financially supported over 256,700 young students, demonstrating Dang’s commitment to giving back to society.
Dang holds several public offices in China, including being a committee member of the 12th Chinese People’s Political Consultative Conference and a representative at the 11th People’s Congress of Ningxia Hui Autonomous Region.
Here’s the breakdown of Dang Yanbao’s net worth:
Name: | Dang Yanbao |
Net Worth: | $14.08 Billion |
Date of Birth: | 1973 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Dang Yanbao was born in February 1973 in Yanchi County, located in the Ningxia Hui Autonomous Region of China. Growing up in a modest environment, Dang’s early life was marked by the challenges typical of rural China during that period. Despite these challenges, he demonstrated a strong commitment to education and personal development.
Dang pursued his higher education at Ningxia University, where he graduated in July 1996. His academic pursuit did not stop there; he later earned an Executive Master’s degree in Business Administration from Peking University in July 2007.
Career
Dang Yanbao began his professional career in various roles within the trading and construction sectors, which provided him with valuable experience and insights into the business world.
In 2005, Dang founded Ningxia Baofeng Energy Group, a company that would become a cornerstone of his wealth and influence. Under his leadership, the company grew rapidly, specializing in the production of chemical products and coal. By 2010, Dang had become the legal representative of Ningxia Baofeng Group Co., Ltd., further solidifying his role in the company’s success.
Ningxia Baofeng Energy Group has achieved significant milestones under Dang’s guidance. The company produces approximately 7 million tons of coal annually and reported revenues of 29.1 billion yuan ($4.1 billion) in 2023. It was ranked 307th among the top private manufacturing enterprises in China in 2020.
In addition, Dang holds several public offices, including being a committee member of the 12th Chinese People’s Political Consultative Conference and a representative at the 11th People’s Congress of Ningxia Hui Autonomous Region.
Personal Life
While Dang Yanbao maintains a relatively private personal life. He is married to Bian Haiyan, and together they have made significant contributions to philanthropy.
In 2011, the couple established the Ningxia Yanbao Charity Foundation, which focuses on education and poverty alleviation. The foundation has donated substantial amounts to various causes, including a notable RMB 302 million donation in 2019.
As of 2021, the foundation had financially supported over 256,700 young students, reflecting Dang’s commitment to giving back to society.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
