Li Shuirong & family

Source of wealth: Petrochemicals

69 years male Manufacturing 🇨🇳 CN

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Li Shuirong & family's fortune with the healthcare spending of a massive country

Li Shuirong & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 6.4 years.

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

On the other end, Li Shuirong & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 2.8 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Li Shuirong & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.2 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Li Shuirong & family could pay for it entirely for 5.7 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Li Shuirong & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 23.9 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Li Shuirong & family with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.5 years.

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

Gold

Everyday luxuries

Li Shuirong & family's fortune is equivalent to 97 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

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

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Li Shuirong & family could buy 25,917,391 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 5 trucks to transport them. Although Li Shuirong & family will almost certainly have enough money left over to pay for the gas.

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Biography

Li Shuirong is the chairman of Zhejiang Rongsheng Holding Group, which has interests in petrochemicals, logistics and real estate.

Li, who previously tried to make a living as a carpenter, started his first business in 1989 after spotting an opportunity in the polyester fiber cloth market.

Li is also the chairman of the group's Shenzhen-listed arm Rongsheng Petrochemical, where his son-in-law, Xiang Jiongjiong, serves as general manager.

In 2023 Rongsheng Petrochemical inked a strategic partnership with Saudi Aramco, with the energy and chemicals giant acquiring a 10% stake in the former for $3.4 billion.

In April 2024, the two companies further agreed to each acquire a 50% stake in the other's subsidiary, ZhongJin Petrochemical and SASREF, to jointly develop the subsidiaries' expansion projects.