Source of Wealth:Real Estate
Full Name:Yan Zhi
Occupation:real estate businessman
About Yan Zhi
Chinese real estate businessman Yan Zhi has an estimated net worth of $3.7 billion as of May 2016 according to Forbes.
In 2011, Yan Zhi's shopping mall operator Zall Development Holding went public and it was listed at Hong Kong Stock Exchange. During the first quarter of 2011, Zall Development Holding's revenue decreased by 68% to $84 million, which led to a significant reduction in profit. The company's profit was down by 54% to $62 million.
However, despite the company's reduced sales and profit, Yan Zhi's net worth is still up by $100 million from last year. In December 2012, he purchased 75% of stakes of port operator CIG Yangtze Ports. Now based in Wuhan, CIG Yangtze Ports is currently valued at $30 million. The company is listed at Hong Kong Stock Exchange.
Forbes reports that Yan Zhi obtained his Master of Business Administration degree from Wuhan University. He is now married. In addition to being a representative of Hubei Provincial People's Congress, Yan Zhi also serves as the Vice Chairman of Wuhan Federation of Industry & Commerce.
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