Who is Wang Zelong, the youngest billionaire in Asia? Worth US$1.5 billion, the Henan native inherited stakes in chemical companies – but keeps a low profile
- The 25-year-old made Forbes’ billionaire club alongside Elon Musk and Jeff Bezos, ranking among the 12 youngest, after 19-year-old Kevin David Lehmann
- Wang – who unexpectedly hails from Jiaozuo, not Beijing or Shanghai – has stakes in CNNC Hua Yuan Titanium Dioxide Co., listed on the Shenzhen Stock Exchange, and Lomon Billions Group
According to Forbes, there are a little over 2,600 billionaires in the world who are worth over US$12 trillion combined. The United States leads the pack with over 735 billionaires, including tech giants Elon Musk and Jeff Bezos.
The country is closely followed by China, which has 607 of its own, including the youngest billionaire in all of Asia, Wang Zelong, who is just 25 years old.
So who is he and where does his wealth come from?
He has a net worth of US$1.5 billion
Wang made Forbes’ list last year when he inherited a stake worth more than US$1.3 billion in CNNC Hua Yuan Titanium Dioxide Co., a chemical company listed on the Shenzhen Stock Exchange.
Aside from this, he has stakes in Lomon Billions Group, a company that also produces titanium dioxide. A year later, Wang has become wealthier than ever. His latest net worth is already being reported at a whopping US$1.5 billion, per Forbes.