Qin Yinglin Net Worth, Age, Biography, Who Is The World Richest Farmer?
Qin Yinglin Net Worth
Qin Yinglin, an Chinese agriculture tycoon, billionaire, Communist Party member, and the world's richest farmer has a net worth of 16.4 billion USD.
Biography
Qin Yinglin is a Chinese agribusiness magnate, billionaire, and Communist Party member. He's the world's wealthiest farmer, leading Muyuan Foodstuff pig farming. He's among China's richest. As of January 2022, his net worth was $20.7 billion, per Bloomberg Billionaires Index. Forbes credits him as China's largest pig breeder in the world's biggest pork market.
During high school in 1982, Qin's father bought 20 pigs; only one survived. This pushed Qin to learn pig farming in university to aid his village's income. He got into Henan Agricultural University in 1985.
How old is Qin Yinglin?
The Chinese agriculture tycoon, billionaire, Communist Party member, and the world's richest farmer was born in 1965 in Neixiang County, Nanyang, China. Thus, Qin Yinglin's age is 58 years old as of 2023.
Career
In 1989, at 24 years old, Qin Yinglin graduated in animal husbandry and joined Nanyang Food Company. He met his wife, Qian Ying, who studied veterinary science at Zhengzhou College of Animal Husbandry Engineering. In 1992, after three years there, Qin left to start a pork business in his hometown with 22 pigs.
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Their business grew. By 1994, they had 2,000 pigs, and by 1997, 10,000. In 2000, Qin founded Muyuan Farming, now Muyuan Foodstuff. In 2010, the company received an International Finance Corporation loan.
By 2013, Muyuan Foodstuff raised over a million pigs per year. On 28 January 2014, Muyuan stock (002714.SZ) began trading on the Shenzhen Stock Exchange.
Muyuan's stock rose due to the African swine fever outbreak in 2019 and the COVID-19 pandemic in 2020.
Amid the swine fever crisis, Muyuan thrived due to better disease control. Qin mentioned the crisis had both benefits and harm, favouring stronger enterprises. Muyuan worked on increasing pig production and automation during the crisis.
Muyuan Foodstuff is China's largest pig breeder, slaughtering five million pigs yearly. Qin Yinglin serves as the company's president and chair. According to Forbes, Qin was Henan's richest person and China's 67th richest in 2015.
In 2019, his net worth exceeded 100 billion yuan due to Muyuan's success. He held 883 million shares of Muyuan stock, 40.06% of the company. His wife and son also hold stakes in Muyuan.
