Yu Yong

$20.44 B

Ranked #122 in World

About Yu Yong

Chinese billionaire Yu Yong, the founder of Cathay Fortune Corp., with a net worth of $4.7 billion, is a key player in Shanghai's financial scene. Known for his investments in China Molybdenum and as a major shareholder in battery giant CATL, Yong’s enterprises span various sectors including aviation, where Cathay Fortune holds a 40% stake in China Express Airlines, and real estate. Despite his financial influence, Yong encountered resistance in his attempted hostile takeover of Discovery Metals and faced scrutiny over the Boseto copper project in Botswana.

Born

February 27, 1961

Age

65 years

Source Of Wealth

Mining

Industries

Finance & Investments

Citizenship

China

Residence

Shanghai

Yu Yong, a prominent Chinese billionaire businessman, was born in China. Details about his early years and childhood remain private.

Yu Yong: Family

Information regarding Yu Yong's family background and personal life is not publicly available.

Yu Yong: Career Highlights

Yu Yong is renowned for his remarkable career achievements in the business world. He is the founder and head of Cathay Fortune Corp. (Hongshang Industrial Holdings Group), a prominent conglomerate based in Shanghai, China. Additionally, he serves as an investor in the mining company China Molybdenum.

Yu Yong: Companies

Yu Yong's business ventures encompass a diverse range of industries. He is the founder and head of Cathay Fortune Corp., a conglomerate with significant investments in real estate, mining, and financial services. Cathay Fortune Corp. is the largest shareholder (40%) of China Express Airlines. Yu Yong also holds a major stake in Contemporary Amperex Technology (CATL), a leading Chinese battery maker, through a pre-IPO sale.

Yu Yong: Major Achievements

Yu Yong's business acumen has led to several notable achievements. He successfully made a hostile bid to acquire Australia-based Discovery Metals in 2012, although he later withdrew from the deal due to concerns about the Boseto copper project in Botswana. Yu Yong's involvement in real estate development has made him a major investor in the Shanghai real estate market. Furthermore, he has made strategic investments in various banks and financial institutions across China.

Yu Yong: Awards & Achievements

Yu Yong's contributions to the business world have garnered recognition and accolades. However, specific information about awards and achievements he has received is not publicly available.

Yu Yong: Personal Life & Legacy

Details about Yu Yong's personal life and legacy remain private. Information regarding his family, interests, and philanthropic endeavors is not publicly disclosed.

Yu Yong: Trivia

Yu Yong's hostile bid for Discovery Metals faced resistance from the Australian government and shareholders, highlighting the complexities of cross-border business transactions.

His involvement in the Boseto copper project also attracted criticism due to concerns about potential negative environmental and community impacts.

Wealth History

Timeline

2012

Yu Yong made a hostile bid to takeover Australia-based Discovery Metals.

2012

The bid was made with loans from China-Africa Development Fund.

2012

Yu Yong walked away from the deal due to concerns about Boseto copper project in Botswana.

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Yu Yong became a major shareholder in Contemporary Amperex Technology (CATL), a Chinese battery maker.

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Yu Yong acquired 1.69% stake in CATL via pre-IPO sale.

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Cathay Fortune is the largest shareholder (40%) of China Express Airlines.

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Yu Yong is involved in real estate development and is a major investor in Shanghai real estate market.

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Yu Yong has investments in several banks and financial institutions in China.

2012

Yu Yong's hostile bid for Discovery Metals faced resistance from Australian government and shareholders.

2012

Yu Yong's involvement in Boseto copper project was criticized for potential negative environmental and community impact.

Yu Yong : FAQs

What is Yu Yong's current net worth?

Yu Yong's current net worth is $20.44 billion.

What is Yu Yong's current global rank among billionaires?

Yu Yong holds the 122nd position globally among billionaires.

What is Yu Yong's current ranking within the China?

Yu Yong holds the 15th position in China.

What was the change in Yu Yong's net worth compared to the previous year?

Yu Yong's net worth decreased by 1.52 billion dollars compared to the previous year 2025, when his net worth was 21.96 billion dollars.

What is the recent change in Yu Yong's net worth?

Yu Yong's net worth decreased by 209.85 million dollars recently, a 1.03% decrease, with his net worth standing at 20.44 billion dollars.

What are Yu Yong's main sources of wealth?

Yu Yong's main source of income comes from Mining.

In which industry does Yu Yong primarily operate?

Yu Yong is primarily involved in the Finance & Investments industry.

How old is Yu Yong?

Yu Yong is 65 years old.

What significant business moves did Yu Yong's Cathay Fortune Corp attempt in the Australian mining sector?

In 2012, Cathay Fortune Corp, led by Yu Yong, made a hostile bid to take over Australia-based Discovery Metals, although later walked away from the deal due to concerns about the Boseto copper project in Botswana.

What is Yu Yong's connection to China's battery industry?

Yu Yong is a major shareholder in Contemporary Amperex Technology (CATL), a leading Chinese battery maker, having acquired a 1.69% stake in the company via a pre-IPO sale.

How has Cathay Fortune Corp diversified its investments under Yu Yong's leadership?

Under Yu Yong's leadership, Cathay Fortune has diversified its investments, becoming the largest shareholder (40%) of China Express Airlines, investing in real estate, particularly in the Shanghai market, and holding investments in several banks and financial institutions in China.

What controversies has Yu Yong been involved in regarding his business projects?

Yu Yong has faced controversies, particularly with the hostile bid for Discovery Metals that met resistance from the Australian government and shareholders, and his involvement in the Boseto copper project which was criticized for potential environmental and community impact.