Jack ma, founder of alibaba, is not the highest-profile person in China to retain the top spot on Forbes' 2019 annual list of China's richest people, Forbes said Wednesday. Instead, the family of qin yinglin, the founder of the pig farm makuyuan shares, has risen to become China's ninth richest man with 117.38 billion yuan ($16.9 billion, 17.97 million).
According to the securities times, China's pork boom this year has been one of the biggest beneficiaries of the public outcry over the lack of pork to eat. The stock hit a record high of 103.6 yuan this year, up 2.6 times from 28.66 yuan at the beginning of the year. This also makes the founder of makuhara shares qin yinglin family value increased.
According to the official website of makuyuan group, established in 1992, makuyuan group is mainly engaged in pig raising. Currently, it has more than 40,000 employees and pig breeding business covers 93 counties in 14 provinces, regions and counties in China. In 2018, it sold more than 11 million pigs, ranking first in China in large-scale breeding. Muyuan Foods Co.,Ltd., a subsidiary of makuhara, went public in January 2014 with a market value of more than 150 billion yuan.
In this year's list of China's richest people, except jack ma, who is worth 27011 billion yuan, and tencent founder ma huateng, who is worth 254.55 billion yuan, the rest of the top 10 richest people still come from the Internet and real estate industries.
In last year's list, the qin yinglin family ranked 69, with a fortune of 24.5 billion yuan. In 2017, it ranked 89th, worth 20.85 billion yuan.
Makuhara's revenue in the first three quarters of this year reached 11.733 billion yuan, up 27.79% from the same period last year. Net profit was 1.387 billion yuan, up 296.04% over the same period last year.