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What was Larry Yung’s net worth?
Forbes’ most recent estimate located here is its 2007 World’s Billionaires profile, which put Yung’s fortune at $2.2 billion and ranked him No. 432. Forbes described the fortune as “inherited and growing.” That wording is Forbes’ characterization, not a detailed accounting of his assets.
Forbes’ earlier China rich list put him at $780 million in 2001, at rank 4. The lists were published in different years, and the available entries do not provide enough information to reconcile the estimates as a comparable year-by-year series. The figures should not be used to calculate a growth rate or extrapolated into a present-day net worth.
What do the Forbes estimates measure?
2001: $780 million
Forbes Global’s 2001 China rich list identified Larry Yung Chikin, also rendered Rong Zhijian, and listed CITIC Pacific as his main company. The entry discussed his father’s earlier listing and said Larry headed the Hong Kong company. Forbes Global’s 2001 China rich list.
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2007: $2.2 billion
Forbes’ 2007 World’s Billionaires entry ranked Yung No. 432, named CITIC Pacific as his main business interest, and noted an investment in Anglo-American. Forbes said publicly traded fortunes were calculated using share prices and exchange rates from February 9, 2007. This is the stated valuation date for public-traded fortunes, not a current price or a complete description of every asset included in Yung’s estimate. Forbes’ 2007 Larry Yung profile.
Who is Larry Yung?
Larry Yung Chi-kin is also known as Rong Zhijian. Forbes’ entries associate his wealth with CITIC Pacific, a Hong Kong-listed conglomerate. The 2007 profile also mentions his investment in Anglo-American, but it does not give a current asset breakdown.
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Is $2.2 billion his net worth today?
No current figure is established here. The $2.2 billion estimate is from Forbes’ 2007 list, with public-traded fortunes valued using February 9, 2007 share prices and exchange rates. It should not be presented as Yung’s current net worth.
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Rank #4
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