Qin Yinglin is the richest farmer in the world, a billionaire from China who is also a member of the Communist Party. He is one of China’s wealthiest individuals and serves as chair and president of the pig farming company Muyuan Foodstuff.
Net Worth and Wealth:
As of January 2022, his net worth was estimated at US$ 20.7 billion, according to the Bloomberg Billionaires Index. He was “the country’s largest pig breeder in the world’s biggest pork market,” according to Forbes.
China’s Muyuan Foodstuff chairman Qin Yinglin made his fortune as the country’s largest pig breeder in the largest pork market in the world.
The most populous province in China, Henan, is where Qin was born in Neixiang County.
He went to Henan Agricultural University to study animal husbandry, where he started his own business with his wife, Qian Ying, who is on the board of Muyuan.
In 1992, the couple started their business with 22 pigs.
Qin Yinglin’s wealth:
The Chinese businessman and pig farmer Qin Yinglin has a $22 billion fortune. He is probably best known for being one of the wealthiest people on the planet and serving as chairman of Muyuan Foodstuff. He has been one of the world’s thirty richest people at various times.
Henan, China, is where Qin Yinglin was born. Being the largest pig breeder in China was how he made money.
The nation consumes the most pork worldwide. Qin Yinglin went to Henan Agricultural University to study. Muyuan Foodstuff was founded by him and his wife, Quian Ying. In 1992, the couple started with 22 pigs. The COVID-19 pandemic and an African swine flu shortage caused the company to raise pork prices worldwide.
In 2019, Qin isn’t the only pork billionaire to see his wealth soar. Bloomberg reports that New HopeGroup chairman Liu Yonghao, the world’s largest pork producer, has nearly doubled his wealth to $11 billion over the past year.
Few other Chinese billionaires have achieved Qin and Liu’s level of success. Business Insider previously reported that in the first half of 2019, the Chinese fortunes on the Bloomberg Billionaires Index grew at rates of 35% and 17%, respectively. In contrast, Chinese billionaires’ total wealth increased by 15%.