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What is Qin Yinglin’s Net Worth?
Qin Yinglin, the Chinese agriculture tycoon and world’s richest farmer, has an estimated net worth of $18.28 billion. This substantial wealth is primarily derived from his position as chairman and president of Muyuan Foodstuff, China’s largest pig breeding operation.
Starting with just 22 pigs in 1992, Qin and his wife Qian Ying built Muyuan Foodstuff into a powerhouse that now slaughters millions of pigs annually.
The company’s success has been particularly pronounced in recent years. For instance, his wealth saw a notable increase during the African swine fever crisis and the COVID-19 pandemic, as pork prices soared.
Despite this recent dip, Qin’s financial standing remains formidable, with his vast holdings in Muyuan Foodstuff – he owns 40.06% of the company’s stock – continuing to be the primary driver of his wealth.
Here’s the breakdown of Qin Yinglin’s net worth:
Name: | Qin Yinglin |
Net Worth: | $18.28 Billion |
Date of Birth: | 1965 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Qin Yinglin was born in 1965 in Hexi Village, Mashankou Town, Neixiang County, Nanyang, Henan, China. Growing up in a poor family, Qin experienced the hardships of rural life firsthand. His early years were marked by financial struggles, which motivated him to seek a better future through education.
In 1982, while still in high school, Qin’s father bought 20 pigs, but all but one died due to disease. This incident profoundly impacted Qin and inspired him to study animal husbandry to help his community improve their pig farming practices. In 1985, he was accepted into Henan Agricultural University, where he graduated with a degree in animal husbandry in 1989.
Career
After graduating, Qin Yinglin began his career at Nanyang Food Company, a public food-making business. It was here that he met his future wife, Qian Ying, who was studying veterinary science. In 1992, Qin and Qian decided to leave their stable jobs to start their own pig farming business. They began with just 22 pigs, but through relentless innovation and vertical integration, they rapidly expanded their operations. By 1994, they had 2,000 pigs, and by 1997, they were raising 10,000 pigs.
In 2000, Qin founded Muyuan Farming, which later became Muyuan Foodstuff. The company continued to grow, and by 2014, it was listed on the Shenzhen Stock Exchange. Today, Muyuan Foodstuff is one of China’s largest pig breeding and processing companies, producing millions of pigs annually.
Philanthropy
Qin Yinglin is also known for his significant philanthropic efforts. He has made substantial donations to various causes, particularly in education and poverty alleviation.
In 2019, he donated stock worth RMB 100 million to the Westlake Education Foundation, and in 2020, he made another donation of stock worth RMB 800 million to the same foundation. These contributions were aimed at supporting basic research, technological innovation, and educational development.
In addition, Qin and his wife Qian Ying have donated millions to the Henan Charity Federation and other charitable organizations, making them some of China’s top philanthropists.
Awards
Qin Yinglin’s contributions to the livestock industry have earned him numerous awards and recognitions. In 1997, he was recognized as one of ten outstanding young farmers in China.
He received the Youth May 4th Pacesetter award in 1999 and was named a national exceptional worker in the field of animal husbandry in 2006. These accolades reflect his commitment to excellence and innovation in pig farming.
Qin’s leadership has not only transformed Muyuan Foodstuff into a leading agricultural enterprise but has also set new standards for the industry in terms of quality and sustainability.
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.
