Portrait of Yu Yong

Rank #126

Yu Yong

Net worth $21.9B

Mining · China

Born
Feb 27, 1961
Age
65
Source
Mining
Residence
Shanghai, Shanghai
Citizenship
China
Marital status
Married
Children
0
Education

Net worth over time

Biography

  • Yu Yong's wealth mainly comes from his holdings in CMOC Group, formerly China Molybdenum, one of the world's largest producers of the metal.
  • He also owns a stake in global lithium-ion battery leader CATL.
  • Yu's investment holding firm Cathay Fortune is an early investor in Zeekr, an electric vehicle brand under China's automobile giant Geely. Zeekr went public on the New York Stock Exchange in 2024.
  • In June 2025, CMOC took Canada-listed Lumina Gold private in a $419 million deal. Lumina fully owns the Cangrejos gold-copper project in Ecuador.

Financial assets

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