Rank #1714
Leng Youbin
Net worth $2.5B
Infant formula · China
- Born
- Jan 01, 1969
- Age
- 57
- Source
- Infant formula
- Residence
- Beijing, Beijing
- Citizenship
- China
- Marital status
- Children
- 0
- Education
- Bachelor of Arts/Science, Northeast Agriculture University; EMBA, Peking University
Net worth over time
Biography
- Leng Youbin is the chairman and CEO of China Feihe, one of the country's largest suppliers of infant formula.
- Leng, who herded cows as a child, worked at a state-owned dairy farm for about a decade before striking out on his own.
- The mogul acquired stakes in the farm and a dairy plant, and started to sell milk and infant formula under the Feihe brand.
- The company went public in Hong Kong in 2019, and today owns 11 plants and 12 farms with 100,000 cows and goats.
- Leng graduated from Northeast Agricultural University in China's northeast Heilongjiang Province in 1995 through a correspondence course.
- He holds an executive MBA degree from Peking University.
Financial assets
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