Who is Asia's youngest billionaire?

The 25-year-old made it into Forbes ' billionaires club alongside Elon Musk and Jeff Bezos, ranking among the 12 youngest, behind 19-year-old Kevin David Lehmann

According to Forbes, there are more than 2,600 billionaires in the world with a combined net worth of more than $12 trillion. The United States leads the list with more than 735 billionaires, including tech giants Elon Musk and Jeff Bezos.

Followed by China, a country of 607 people, including the youngest billionaire in Asia, Wang Zelong, just 25 years old. So who is he and where does his fortune come from?

Tesla chief Elon Musk and Jeff Bezos, founder of Amazon, Blue Origin and Bezos Expeditions, are both on Forbes' billionaires list, ranking at number one and two, respectively.

Owning a net worth of 1.5 billion USD

Wang Zelong is Asia's youngest billionaire. Photo: Sohu

Wang Zelong made the Forbes list last year when he inherited a stake worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., a chemical company listed on the Shenzhen stock exchange, China.

In addition, the 25-year-old also has a stake in the Lomon Billions Corporation, a company that also produces titanium dioxide. A year later, Wang Zelong is richer than ever. According to Forbes, Wang Zelong's net worth is already at $1.5 billion.

Wang Zelong is a member of the elite Forbes club

Forbes also said that Wang Zelong is one of the 12 youngest billionaires in the world under the age of 30. From the list of 12 billionaires under the age of 30, Wang Zelong is the only one living in Asia, coming in second after Lehmann.

In 2019, with 1.6 billion yuan, Wang Zelong became the largest shareholder of the listed company, accounting for 27.05%. As of April 8, the market value of CNNC titanium dioxide is 19.2 billion yuan.

Kevin David Lehmann, 19, is said to be the heir to a 50% stake in Germany's leading chemical plant Dm (Drogerie Markt).

While most of the shortlisted are in the technology sector, Wang Zelong distinguishes himself from the group above by working in the manufacturing of niche pigments. According to Business Leade, the company manufactures pigment titanium dioxide, a white pigment used in coatings, plastics and printing inks.

Determination is putting a small city on the world map and secret life

As mentioned by Forbes, Wang Zelong is from Xiao Zuo city, Henan province, China. For comparison, the Chinese capital Beijing is 16 times larger than Xiao Zuo, while the population of Shanghai is 20 times larger.

It's worth noting that China's youngest billionaire comes from a relatively unknown part of the country.

According to Chinese-language media, Wang Zelong grew up in a chemical business family. His father Wang Deliang built the family business and inspired his son about the business model and high profitability of this manufacturing industry. Growing up in ideal development conditions, before turning 25 years old, Wang Zelong had taken control of the reality of a listed company with a scale of hundreds of millions of dollars.

Wang Zelong grew up in a fairly free and relaxed family atmosphere, and his father supported almost every decision he made, but this only made Wang Zelong feel that he had to shoulder the burden of his life. a heavy responsibility on his shoulders.

"I can work harder than my father now. He may turn down some social entertainment at work, but I almost always try my best," the 25-year-old said.

Just because he didn't want to betray his father's trust, Wang Zelong, 25, wanted to build his own business map.

Despite being one of Asia's Millennials, Wang Zelong has kept a private life, like some other billionaires. Very little is known about him.

He keeps a very small digital footprint, not even having an official social media account nor an online profile for his professional endeavors.

Even so, many people firmly believe that all the fortune he amassed will help him stay on the Forbes billionaires list for many years to come.

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