China has the youngest billionaire in Asia

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

Followed by China, a country with 607 billionaires, including the youngest billionaire in Asia is Wang Zelong, just 25 years old.

Net worth 1.5 billion USD

Wang Zelong entered the Forbes list in 2021 when he inherited a stake worth more than $1.3 billion in CNNC Hua Yuan Titanium Dioxide – a chemical company listed on the Shenzhen Stock Exchange. . In addition, Wang Zelong has a stake in the Lomon Billions Group, a company that also produces titanium dioxide.

A year later, Wang Zelong became richer. According to Forbes, Wang’s latest net worth in 2022 is reported at $1.5 billion.

Member of the elite club Forbes

Forbes has a list of 12 youngest billionaire in the world under 30 years old. Leading the list is Kevin David, 19, heir to a 50% stake in the famous German retail chain Dm-Drogerie Markt.

In the list of billionaires aged 12 to under 30, Wang Zelong is the only one living in Asia, and comes in second after Lehmann.

While most of the shortlisted are in the technology sector, Wang Zelong works in the pigment manufacturing industry. According to Business Leader, Wang’s company manufactures titanium dioxide, a white pigment used in coatings, plastics and printing inks.

Born in a small town in China

Wang Zalong’s profile on Forbes says he is from Xiao Zuo town in Henan province, China. For comparison, China’s capital Beijing is 16 times larger than Xiao Zuo, while Shanghai’s population is 20 times larger than the town’s population.

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

Quiet person

Despite being one of the youngest billionaires and Asia’s richest, Wang Zalong still keeps his private life private, like some other billionaires. Very little is known about him. Wang Zalong is also very secretive on social media, not even having an official social media account nor an online profile for his professional endeavors.

However, the wealth that Wang Zalong has accumulated will definitely help him be on the Forbes billionaires list for many years to come.