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Gong Hongjia
#286

Gong Hongjia

Source of wealth: Video surveillance

Net Worth

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Earnings per second

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Biography

Investor Gong Hongjia's fortune mainly comes from his stake in Hangzhou Hikvision Digital Technology, a supplier of surveillance products.

He served as Hikvision's vice chairman until 2021 and is still its biggest individual shareholder.

Gong is the chairman of Vcanbio Cell & Gene Engineering, a Shanghai-listed company engaged in the preparation, detection and storage of stem cells.

He bought a 2.4% stake in C-Mer Eye Care Holdings, a Chinese medical services provider, in 2022.

He is also an investor in Shenzhen-based AI drug discovery startup Xtalpi, also known as QuantumPharm, which listed on the Hong Kong Stock Exchange in 2024.

Financial Assets

Exchange
HONG KONG
Ticker
3309-HK
Company
C-MER Eye Care Holdings
Exchange
SHENZHEN
Ticker
300391-CN
Company
Changjiang Pharmaceutical Group
Exchange
SHENZHEN
Ticker
002415-CN
Company
Hangzhou Hikvision Digital Technology Co Ltd
Exchange
SHENZHEN
Ticker
002415-CN
Company
Hangzhou Hikvision Digital Technology Co Ltd
Exchange
HONG KONG
Ticker
2228-HK
Company
QuantumPharm
Exchange
SHENZHEN
Ticker
300613-CN
Company
Shanghai Fullhan Microelectronics
Exchange
SHANGHAI
Ticker
600645-CN
Company
Zhongyuan Union Cell and Gene Engineering

The Great Lie of Mega-Fortunes: The Case of Gong Hongjia

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Gong Hongjia, linked to Finance & Investments and 'Video surveillance ', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 83 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 5.3 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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