Yao Zhenhua, born in Shenzhen, China, is the Chairman of the Baoneng Group. He rose to prominence when his insurer Foresea Life began buying shares in property developer China Vanke, where he holds a 25% stake. However, his actions were met with disapproval from regulators, resulting in a 10-year ban from the industry. Baoneng Group has since grown to include more than 40 shopping malls and healthcare services.
Yao Zhenhua is a member of Diversified
Yao Zhenhua, the renowned Chairman of Baoneng Group in China, is expected to possess a staggering net worth of $5.4 billion by the year 2024. As a prominent figure in the business world, Yao Zhenhua has successfully built a thriving empire, propelling him to great financial heights. Baoneng Group, under his visionary leadership, has flourished and diversified its business interests, especially in the real estate and automotive sectors. With his astute business acumen and strategic investments, Yao Zhenhua continues to leave an indelible mark on the Chinese business landscape, solidifying his status as one of the wealthiest individuals in the country.
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.
