Welcome to worldofceos! Today, we delve into the financial world of a China billionaires, exploring Dang Yanbao net worth, sources of wealth, and business achievements.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Dang Yanbao |
| Popular Name | Dang Yanbao |
| Gender | Male |
| Birth Date | February 1, 1973 |
| Age | 51 |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | Yanchi County, China |
| Nationality | Chinese |
| Ethnicity | N/A |
| Education | Master of Business Administration, Peking University |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Bian Haiyan |
| Children | N/A |
| Dating | N/A |
| Net Worth | $14.1 billion |
| Source of Wealth | Coal, Energy, Investments |
| Height | N/A |
What is the Net Worth Of Dang Yanbao in 2024?
Dang Yanbao’s net worth in 2024 stands at an impressive $14.1 billion, positioning him as the 12th richest person in China and the 138th globally. His wealth primarily stems from his 70% stake in Ningxia Baofeng Energy Group, which reported a revenue of $4.1 billion in 2023. This growth highlights Dang’s strategic vision and leadership within the coal and energy sectors.
For context, other billionaires such as Charlene de Carvalho-Heineken and Lei Jun also showcase significant financial success within their respective industries.
Learn more about Dang Yanbao on Forbes.
Explore more about other billionaires:
What is the Salary/Income of Dang Yanbao in 2024?
While specific details about Dang Yanbao’s annual salary are not publicly available, his income is largely derived from the substantial revenue of Ningxia Baofeng Energy Group. With the company producing 7 million tons of coal annually, Dang’s leadership ensures consistent growth and profitability.
Discover more about the richest people in the energy industry here.
Dang Yanbao Finance Overview
Source of Wealth
Dang Yanbao’s wealth originates from multiple sources, with the primary contributor being Ningxia Baofeng Energy Group. This company, established in 2005, has grown into a major player in China’s energy sector. It focuses on coal production and chemical products, significantly impacting Dang’s financial standing.
Business Ventures
Beyond coal, Dang has diversified his investments. He owns Baofeng New Energy, a solar farm company seeking an IPO in China. Another notable venture is Baofeng Energy Storage, which began constructing China’s first full supply chain energy storage plant in Yinchuan in 2022. These projects underline his forward-thinking approach to renewable energy and storage solutions.
Philanthropy
Dang Yanbao and his wife established the Ningxia Yanbao Charity Foundation in 2011. This foundation has made substantial contributions to education and poverty alleviation, assisting over 256,700 young students. Dang’s philanthropic efforts reflect his commitment to social responsibility and community support.
Leadership and Public Roles
Dang holds significant public positions, 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. These roles highlight his influence and active participation in public affairs.
Future Prospects
Looking ahead, Dang’s ventures like the IPO of Baofeng New Energy and further developments in energy storage are expected to bolster his financial and industry standing. His strategic investments and innovative projects will likely continue driving growth.
FAQs About Dang Yanbao
What are the primary sources of Dang Yanbao’s wealth?
Dang Yanbao’s wealth primarily comes from his stake in Ningxia Baofeng Energy Group, along with investments in Baofeng New Energy and Baofeng Energy Storage.
How much revenue did Ningxia Baofeng Energy Group generate in 2023?
The company generated $4.1 billion in revenue in 2023.
What philanthropic initiatives has Dang Yanbao undertaken?
Dang established the Ningxia Yanbao Charity Foundation in 2011, which has financially helped over 256,700 young students.
What public offices does he hold?
He is 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.
What is Dang Yanbao’s educational background?
Dang holds a Master of Business Administration from Peking University.
Where does he reside?
He resides in Yinchuan, China.
How has his net worth changed recently?
Dang’s net worth has increased by $1.88 billion over the past year, reflecting a growth rate of 2.42%.
Conclusion
Dang Yanbao’s financial success and philanthropic efforts make him a notable figure in the energy sector. For more insights into the lives and finances of famous people, visit worldofceos.com. Feel free to leave comments, share this article, and explore more content on our website.
