... earned:
This session: ...
Per second: ...
← Back to list
👤
#1247

Zhang Xingang

Source of wealth: Semiconductors

Net Worth

...

Earnings per second

...

Modules

Biography

Zhang Xingang is the chairman and CEO of Shanghai-listed semiconductor maker Yuanjie Semiconductor Technology.

He founded the company in 2013, and took it public almost a decade later in 2022, raising $219 million.

Zhang, a U.S. citizen, worked as a researcher for fiber optic components maker Luminent and telecommunications product company Source Photonics before striking out on his own.

The company plans to list its shares in Hong Kong as well.

Financial Assets

Exchange
SHANGHAI
Ticker
688498-CN
Company
Yuanjie Semiconductor Technology

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

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 Xingang, linked to Technology and 'Semiconductors', 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 25 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 1.6 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

Share

𝕏 Share on X 💬 Send via WhatsApp ✈️ Send via Telegram f Share on Facebook