Mumbai
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Qin Yinglin, China's preeminent agriculture magnate and a billionaire member of the Communist Party, has emerged as the globe's wealthiest farmer with a net worth of $14.9 billion as of September 2023. Born into poverty in 1965 in Henan's Hexi Village, Qin pursued pig farming studies at Henan Agricultural University, propelled by a desire to uplift his community. His entrepreneurial journey began modestly with 22 pigs in 1992, leading to the founding of Muyuan Foodstuff, the powerhouse of China's pork industry. Muyuan's growth, punctuated by strategic foresight during crises, positions Qin and his family, including billionaire wife Qian Ying, at the pinnacle of agribusiness success.
April 17, 1965
60 years
Pig Breeding
Food & Beverage
China
Nanyang
Qin Yinglin was born in 1965 in Hexi Village, Henan, China. He grew up in poverty and was motivated to study pig farming at university to help villagers earn money. In 1985, he was accepted to Henan Agricultural University.
Qin Yinglin: Family
Qin Yinglin is married to Qian Ying, whom he met while working at Nanyang Food Company. They have a son named Qin Muyuan, who is a vice-president at Muyuan Group.
Qin Yinglin: Career Highlights
After graduating from university in 1989 with a degree in animal husbandry, Qin Yinglin worked at Nanyang Food Company. In 1992, he quit his job and moved back to his hometown to start a pork business. He started with 22 pigs and grew his business rapidly to 2,000 pigs by 1994 and 10,000 by 1997.
In 2000, Qin Yinglin founded Muyuan Farming (later Muyuan Foodstuff). In 2010, the company received a loan and investment from the International Finance Corporation. By 2013, Muyuan Foodstuff Ltd. had two wholly owned subsidiaries and one participating company. The company raised over one million pigs for slaughter per year.
In 2014, Muyuan stock started trading on the Shenzhen Stock Exchange. The stock price rose significantly due to the African swine fever outbreak in 2019 and the COVID-19 pandemic in 2020. Muyuan thrived during the swine fever crisis due to better control over disease spread. The company continued increasing pig slaughters and automation in pig houses. Currently, Muyuan Foodstuff is the largest pig breeder in China, slaughtering five million pigs annually.
Qin Yinglin: Companies
Qin Yinglin is the chair and president of Muyuan Foodstuff, the largest pig breeder in China. He also has affiliations with the following companies:
Qin Yinglin: Major Achievements
Qin Yinglin has achieved significant success in the pig farming industry. He is the richest person in Henan and the 67th richest in China (2015 Forbes list).
His net worth is estimated at US$ 14.9 billion (September 2023). He is also a visiting professor at China Plan Institute and a part-time professor at Henan Agricultural University.
Qin Yinglin: Awards & Achievements
Qin Yinglin has received numerous awards and recognitions for his contributions to the pig farming industry. These include:
Qin Yinglin: Personal Life & Legacy
Qin Yinglin is a Communist Party member and a delegate to the 13th National People's Congress. He is known for his philanthropy and has donated significant amounts of money to educational institutions. He is also the father of Qin Muyuan, who is a vice-president at Muyuan Group.
Qin Yinglin: Trivia
Qin Yinglin owns 883 million shares of Muyuan stock (40.06% of the company). His wife, Qian Ying, is also a billionaire, and together they own a majority stake in Muyuan.
Qin Yinglin was born in Hexi Village, Henan, China.
Qin Yinglin was accepted to Henan Agricultural University to study pig farming.
Qin Yinglin graduated from Henan Agricultural University with a degree in animal husbandry.
Qin Yinglin quit his job at Nanyang Food Company and moved back to his hometown to start a pork business.
Qin Yinglin's pig farming business grew rapidly to 2,000 pigs.
Qin Yinglin's pig farming business grew further to 10,000 pigs.
Qin Yinglin founded Muyuan Farming (later Muyuan Foodstuff).
Qin Yinglin was elected as a delegate to the Henan Provincial People's Congress.
Qin Yinglin was named a national exceptional worker in the field of animal husbandry.
Qin Yinglin was appointed as a part-time professor at Henan Agricultural University.
Muyuan Foodstuff received a loan and investment from the International Finance Corporation.
Muyuan Foodstuff Ltd. had two wholly owned subsidiaries and one participating company.
Muyuan Foodstuff's stock started trading on the Shenzhen Stock Exchange.
Qin Yinglin was ranked as the richest person in Henan and 67th richest in China by Forbes.
Muyuan Foodstuff thrived during the swine fever crisis due to better control over disease spread.
Qin Yinglin donated stock worth RMB 100 million to the Westlake Education Foundation.
Qin Yinglin was ranked 15th on the Hurun list.
Qin Yinglin's wealth jumped again due to rising pork prices.
Qin Yinglin donated stock worth RMB 800 million to the Westlake Education Foundation.
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Who is Qin Yinglin, the world's richest farmer?
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