billionaire Zhang Yong is Singapore's richest with a net worth of 15.2 billion USD
10:14 - 03/01/2020
The success of billionaire Zhang Yong. According to forbes on January 3, 2020, billionaire Zhang Yong's assets are $ 15.2 billion.
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The success of billionaire Zhang Yong
Billionaire Zhang Yong is the co-founder, chairman and CEO of Haidilao International Holding - the business behind the famous hot pot restaurant chain from China Hai Di Lao. In 2017, the Beijing-based restaurant chain announced sales of US $ 1.6 billion, up 36% from the previous year. Besides, Haidilao's net profit also increased by 22% to US $ 174.7 million. At the end of 2018, Haidilao Hotpot has 466 direct stores operating in more than a hundred cities
In 2019, Haidilao's revenue increased by 60%, reaching 17 billion Yuan, equivalent to 2.6 billion USD. Since the beginning of the year, the company's stock price has increased by more than 77%, bringing its market capitalization to 21 billion USD.
Explaining the miraculous growth of the restaurant chain, the billionaire shared that foreigners are always curious about Chinese culture. "Much of our history and culture is represented by food."
According to forbes on January 3, 2020, billionaire Zhang Yong's assets are $ 15.2 billion.
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