#65

Colin Huang

Source of wealth: E-commerce

46 years Male Technology 🇨🇳 CN

Net Worth

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Earnings per second

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Biography

Colin Huang is the founder of PDD Holdings, the Chinese e-commerce company that changed its name from Pinduoduo in 2023.

Huang, who stepped down as chairman of the company in 2021, is still a major shareholder of PDD.

PDD launched budget shopping site Temu in 2022 to compete with Shein, led by fellow Chinese billionaire Sky Xu.

A serial entrepreneur, Huang earlier founded online games company Xinyoudi and e-commerce platform Ouku.com.

Huang, who has a master's in computer science from the University of Wisconsin, interned at Microsoft in both Beijing and Seattle before starting his career at Google in the U.S. in 2004.

Perspective on their fortune

Gold

Everyday luxury

A Colin Huang's fortune is equivalent to 235 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.

A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.

Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3

Colin Huang could buy 62,580,680 gold rings. That's a lot of fingers and a lot of gifts!!

And if the number of rings is difficult to visualize, all these rings would need 11 trucks to transport them, But we can be almost certain that Colin Huang will have enough left over to pay for the gas for those trucks.

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While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

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Health

The price of life

Let's compare Colin Huang's fortune with the healthcare spending of a huge country

Colin Huang could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 15.7 years.

But even if we compare their fortune to that of a rich country

At the other extreme, Colin Huang could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 6.9 years

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Education

Buying the future

Lowest education spending

Colin Huang could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 10.2 years.

Highest education spending

But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Colin Huang could pay for it in full for 13.9 years.

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Research

The monopoly of progress

Lowest research spending

Colin Huang could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 58.6 years.

Highest research spending

But even if we compare the total wealth of Colin Huang with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 1.3 years.