The hottest real controller of CNNC titanium white

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Worth 10billion! The actual controller of CNNC titanium white has become the youngest Chinese face on the global billionaire list

worth 10billion! The actual controller of CNNC titanium white has become the youngest Chinese face on the global billionaire list

April 20, 2021

a few days ago, Forbes released the list of the world's youngest billionaires in 2021. On the list of compensation for project losses, there are ten billionaires under the age of 30 with a total wealth of $29.5 billion, an increase of $13billion over 2020

among them, 18-year-old German guy Ke is one of the main manufacturing bases of Honeywell's characteristic materials and technology group. 1vin David Lehmann ranks first with us $3.3 billion. Wang Zelong, a 24-year-old Chinese boy from Jieyang, Guangdong Province, ranked second on the list with a net worth of $1.5 billion, or about 10billion yuan, making him the youngest Chinese face on the 2021 global billionaire list

▲ Wang Zelong

then, who is this post-96 billionaire Wang Zelong with a fortune of 10 billion

as a "houlang" born in 1996, Wang Zelong, who has not yet reached the age of 25, is the actual controller of a listed company with hundreds of millions of shares. Wang Zelong was born in a chemical family. His father Wang Deliang was born in Wushi village, Yuhu, Jieyang City, Guangdong Province in 1970. In his early years, he was engaged in chemical industry, so as to realize the trade of reflective heat insulation and anti radiation heat insulation products, and dug the first bucket of gold. As a child, Wang Zelong was also influenced by the business model and profitability of basic chemical manufacturing industry

▲ Wang Zelong's father Wang Deliang

Wang Zelong last attracted widespread attention at the end of 2019. In December of that year, CNNC titanium dioxide announced that Wang Zelong purchased 431million shares of Li Jianfeng, the former actual controller of the company, at a price of 1.636 billion yuan, accounting for 27.05% of the total share capital. After the completion of the transaction, the actual controller of CNNC titanium white was changed to Wang Zelong. At that time, eye-catching reports such as "joining the A-share listed company after 1996" and "sitting at the age of 23 with a fortune of 3billion" began to appear in the media at that time, putting Wang Zelong in the spotlight

of course, becoming the actual controller of CNNC titanium dioxide is not the famous work of the post-96 billionaire. As early as 2016, Wang Zelong, who was only 20 years old, and his father Wang Deliang participated in the M & a project of longmang titanium, the then leader of the national industry, and became the fourth largest shareholder of longmang Baili after the restructuring by subscribing for the fixed increase share (188million shares) of the restructuring

investing in longmang Baili is the first major financial investment decision made by Wang Zelong at the instigation of his father, and the facts have also proved that this is undoubtedly a successful case. At present, it can be seen that Wang Zelong's wealth mainly comes from two listed companies, CNNC titanium dioxide and longmang Baili, both of which have a market capitalization of 10 billion

according to the data of Oriental Fortune choice, with an additional issuance and listing of CNNC titanium dioxide in September 2020, Wang Zelong's shareholding ratio ushered in a new high. As of the end of September of the same year, Wang Zelong held 43.48% shares of CNNC titanium dioxide. Calculated by the closing price of 9.17 yuan/share on April 8, Wang Zelong's holding wealth was 8.2 billion yuan

after taking part in the fixed increase plan of longmang Baili with 1.431 billion yuan in 2016 and becoming the fourth largest shareholder of the company, Wang Zelong has continuously reduced his holdings and cashed out since then. In 2019, on the day when the ban on the shares obtained by Wang Zelong was lifted, longmang Baili announced that Wang Zelong planned to reduce his holdings of 93.8976 million shares, accounting for 50% of his shareholding

it is worth noting that in November of the same year, longmang Baili announced that Wang Zelong planned to reduce the number of holdings by more than half, with a total reduction of 60.92 million shares. According to the media Ian, his cash out has exceeded 700million yuan, and he still holds 1.5 billion shares. Moreover, since the fixed increase in shares, Wang Zelong has made a total dividend profit of 490million yuan. In other words, Wang Zelong has made a cumulative profit of more than 1.3 billion yuan from longmang Baili in only three years, that is, 430million yuan a year, with a daily profit of 1.2 million yuan, which is equivalent to winning a Land Rover every day for three consecutive years

according to the data of Oriental Wealth choice, as of March 2021, Wang Zelong only held 55.5 million shares of longmang Baili, accounting for 2.48% of the total share capital, and retired to the seventh largest shareholder. However, based on the closing price of 29.18 yuan/share on April 8, Wang Zelong's shareholding is still as high as 1.6 billion yuan

then, with Wang Zelong holding CNNC titanium's 8.2 billion wealth, as well as profits and uncounted assets, Forbes' 10 billion wealth is not only extremely true, but even a little conservative

tianyancha app shows that Wang Zelong currently has only three companies, but they are all "big guys" with a registered capital of more than 100 million. In addition to Zhonghe Huayuan titanium dioxide Co., Ltd. with a registered capital of 2.05 billion yuan mentioned above, Wang Zelong is also the chairman of Guangzhou taiaohua Co., Ltd. and Anhui Jinxing titanium dioxide (Group) Co., Ltd., both of which are wholly-owned subsidiaries of Zhonghe titanium dioxide

at the beginning of this year, CNNC titanium dioxide announced that it plans to invest a total of 12.1 billion yuan to build projects with an annual output of 200000 tons of crude products, 300000 tons of finished products, 500000 tons of monoammonium phosphate and 500000 tons of lithium iron phosphate. Among them, the planned total investment of phase I is about 5.5 billion yuan, and it is expected to be put into operation as soon as the beginning of next year

▲ Wang Zelong (first from the right)

this is the first large-scale investment project led by Wang Zelong after he took charge of CNNC titanium dioxide. The capital market also gave a positive response to the upgrading and transformation of CNNC titanium dioxide. The share price of listed companies rose all the way, reaching a maximum of 11.34 yuan per share, with an increase of more than 100%, helping Wang Zelong's wealth reach $1.5 billion this time, making him on the Forbes Global billionaire list

there is no doubt that with the continuous experience of the capital market, Wang Zelong can draw energy from the game of commercial power, and become a winner who is really good at mastering wealth, achieving "snowball" growth and constantly expanding the business landscape

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