Yao Zhenhua

About Yao Zhenhua

Who is it?: Chairman, Baoneng Group
Birth Place: Shenzhen, China, China
Residence: Shenzhen, China
Occupation: Businessman
Title: Chairman, Baoneng Group

Yao Zhenhua Net Worth

Yao Zhenhua was born in Shenzhen, China, China, is Chairman, Baoneng Group. Yao Zhenhua was barely known before an insurer he controls started to buy shares in property developer China Vanke, where he holds a 25% stake. Regulators unhappy with trading by Yao's insurer Foresea Life barred him from holding a position in the industry for a decade. Yao founded Baoneng Group in 1992 as a retailing business; today it has more than 40 shopping malls around China and is involved in healthcare.
Yao Zhenhua is a member of Diversified

💰 Net worth: $8.5 Billion (Updated at 22 June 2018)

2016 $1.9 Billion
2017 $8.4 Billion
2018 $9.4 Billion

Biography/Timeline

1992

In 1992, Yao founded Baoneng Group, which now has over 40 shopping malls in China.

2017

In February 2017, Yao was banned from China's insurance industry for ten years after a failed takeover bid for Vanke by a Baoneng company, Foresea Life Insurance.