Tong Yongsheng & family

Source of wealth: electrical equipment

61 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 Tong Yongsheng & family's fortune with the healthcare spending of a massive country

Tong Yongsheng & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.2 years.

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

On the other end, Tong Yongsheng & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.5 years.

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Education

Buying the future

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

Tong Yongsheng & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.8 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 Tong Yongsheng & family could pay for it entirely for 1.0 years.

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Research

The monopoly on progress

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

Tong Yongsheng & 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 4.3 years.

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

But even if we compare the total wealth of Tong Yongsheng & 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 0.1 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

Tong Yongsheng & family's fortune is equivalent to 18 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.

Tong Yongsheng & family could buy 4,697,320 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 1 trucks to transport them. Although Tong Yongsheng & family will almost certainly have enough money left over to pay for the gas.

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Biography

Tong Yongsheng leads Shenzhen Megmeet Electrica, which specializes in energy conversion technologies.

The company is a renowned domestic supplier across multiple sectors, including smart home appliances, power supply products, green energy and rail transit components.

In 2024, the company announced that it participated in the designing of NVIDIA's Blackwell system, making it one of NVIDIA's more than 40 equipment suppliers that serve its data centers.

The company has set up R&D centers in the U.S. and Germany, and plans to build manufacturing plants in Thailand, India and the U.S.

Tong Yongsheng holds Postdoctoral Fellow in Power Electronics at Zhejiang University. He worked for Huawei from 1996 to 2001 and Emerson later.

Tong assumed leadership of Megmeet in 2005 amid financial losses and has since served as chairman and CEO; the company has been profitable under his helm.