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#2977

He Zhenggang

Source of wealth: Chemicals

Net Worth

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Earnings per second

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Biography

He is the second largest shareholder of Leshan Giantstar Farming & Husbandry, a supplier of leather products.

He stepped down as the company's chairman in August 2023.

He is also a director and the majority shareholder of Shanghai-listed chemicals supplier Sichuan Hebang Biotechnology.

He worked for a city government commercial bureau in Leshan, China from 1971 to 1993 and founded Hebang's predecessor company in 1993.

The company listed on the Shanghai Stock Exchange on Dec. 18, 2017.

Financial Assets

Exchange
SHANGHAI
Ticker
603077-CN
Company
Sichuan Hebang Corporation Limited
Exchange
SHANGHAI
Ticker
603077-CN
Company
Sichuan Hebang Corporation Limited
Exchange
SHANGHAI
Ticker
603477-CN
Company
Sichuan Zhenjing Corporation
Exchange
SHANGHAI
Ticker
603477-CN
Company
Sichuan Zhenjing Corporation

The Great Lie of Mega-Fortunes: The Case of He Zhenggang

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 He Zhenggang, linked to Manufacturing and 'Chemicals', 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 9 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 0.6 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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