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#1151

Zhang Ning

Source of wealth: Chemicals

Net Worth

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Earnings per second

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Biography

Zhang Ning chairs chemicals supplier Red Avenue New Materials Group, which trades on the Shanghai stock exchange.

In May 2020, the company announced it would produce a type of compostable polyester in a venture with German firm BASF.

Zhang Ning lives in Shanghai but holds Canadian citizenship.

She holds a doctorate in global financial business management from Arizona State University.

Financial Assets

Exchange
SHANGHAI
Ticker
603650-CN
Company
Red Avenue New Materials Group

The Great Lie of Mega-Fortunes: The Case of Zhang Ning

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 Zhang Ning, 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 27 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 1.7 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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