Zhang Jindong Net Worth

Net Worth: $8.1 Billion
Statistics
  • Source of Wealth:

    Retail
  • Age:

    56
  • Birth Place:

    Tianchang, Anhui, China
  • Marital Status:

    Married
  • Nationality:

    Chinese
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About

Zhang Jindong is a Chinese businessman who has an estimated net worth of $8.1 billion. Considered as one of China's richest businessmen, he is one of the co-founders and the current largest shareholder of the Suning.com, one of the largest non-government appliance retailers and e-commerce companies in China. Headquartered in Nanjing, Jiangsu Province, it has more than 1600 stores covering over 700 cities of China (the mainland China and Hong Kong S.A.R.) and Japan. He also used to own 100% stake in Suning Holdings Group, 65% stake in Suning Real Estate as well as 48.1% stake in Suning Appliance Group, which made him the second-largest shareholder.

After graduating from Nanjing Normal University, Zhang Jindong worked in a cloth factory from 1985 to 1989. In 1990, he and his brother, Zhang Guiping (also one of China's richest businesspeople today), started a shop that sells air conditioning and other products in Ninghai Road, Nanjing. Later on, Zhang Jindong left the business and worked on real estate. Within 15 years, Suning Group developed into a successful business in China like it is today.

In June 2016, his private firm, Suning Holdings, bought 70% of the Italian football giants, F.C. Inter Milan, for $300 million. It also owns 61% of online broadcaster PPTV. In 2018, Suning Sports Media Group received $600 million in A-round financing that valued the business at $2.6 billion.

Earnings & Financial Data ?
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Earnings 2016

Asset 2016
Amount he spent for the purchase of 70% of F.C. Inter Milan through his private firm Suning Holdings
$300,000,000