WorldOfCEOs delves into Ningning Chen net worth in 2024. Discover her financial journey, investments, and influence in the business sector.
Ningning Chen Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Ningning Chen |
| Popular Name | Chen Ningning |
| Gender | Female |
| Birth Date | N/A |
| Age | 53 years old |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | N/A |
| Nationality | China |
| Ethnicity | N/A |
| Education | MBA, New York Institute of Technology |
| Marital Status | N/A |
| Sexual Orientation | N/A |
| Wife/Spouse | N/A |
| Children | N/A |
| Dating | N/A |
| Net Worth | $1.2 Billion (2019) |
| Source of Wealth | Minerals, Self-Made |
| Height | N/A |
What is the Net Worth Of Ningning Chen 2024?
Ningning Chen’s net worth stands at $1.2 billion in 2019, thanks to her significant investments in China Northern Rare Earth Group. Her fortune comes from the booming rare earth minerals market. Compared to other business magnates, she holds her own.
For instance, Jack Ma of Alibaba has a net worth of $40.6 billion, and Pony Ma of Tencent sits at $50.8 billion. Though not in the same league as these tech giants, her influence in the minerals sector is substantial.
Ningning Chen Overview
Ningning Chen, often referred to as the “steel princess”, has made a name for herself in the minerals industry. She holds an MBA from the New York Institute of Technology and has built a substantial fortune through smart investments in the China Northern Rare Earth Group.
She established Pioneer Metals at the age of 25 with her mother, Lv Hui, who is the daughter of Lv Dong, a former minister of the metallurgical industry. The company mainly engages in iron ore trade, as well as real estate, logistics and financial services.
Almost all medium- and large-scale iron and steel companies in China have purchased iron ore from Pioneer.
Seizing upon opportunities created by the steel boom and industrial reforms, Chen has led her company through rapid growth and expansion. In 2007, Chen sold her 28-percent stake in China Orient Group for US$647 million to Indian steel giant Lakshmi Mittal.
Despite dropping off the Forbes list in 2020, her business acumen and strategic investments have kept her wealth robust. She leads several companies, including Yintai Securities and Yintai Investment Company, underlining her influence in the financial world.
In Summary
WorldOfCEOs provides a comprehensive look at Ningning Chen‘s net worth and financial influence. Her significant investments and strategic roles in various companies make her a notable figure in the business world. For more insights, visit worldofceos.com.
