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Billionaire Profile
Leng Youbin
Global Rank
#1428

Image: Unsplash Contributor | Unsplash License | via Unsplash

Leng Youbin

CEO, Infant formula
CHINA
Real-Time Net Worth
$2.895B
Estimated based on Infant formula stock value as of March 6, 2026
+2.52% (24h)
Age
57
Source
Infant formula
Industry
Food & Beverage
Citizenship
CHINA

Biography

Leng Youbin, a prominent figure in the Chinese dairy industry, is the Chairman and CEO of China Feihe, one of China's largest infant formula producers. With a current net worth of $2.9 billion as of February 2, 2026, Leng's wealth stems from his strategic leadership and ownership in the company. He transformed Feihe from a state-owned enterprise to a leading brand, focusing on high-end infant formula. His career, spanning over 30 years in the dairy sector, includes pivotal roles in management and significant contributions to the company's growth and market share. Leng's achievements have been recognized through numerous awards, solidifying his status as a key leader in the Chinese business landscape.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Career Beginnings

Leng Youbin's journey began in the dairy industry, where he amassed over 30 years of experience. Before leading Feihe, he worked in the Zhaoguang Dairy from March 1987 to May 1993.

Rise to Success with China Feihe

Leng Youbin played a crucial role in the privatization of Feihe in 2001. Under his leadership, China Feihe has become a major player in the infant formula market. The company's shares surged after going public in Hong Kong in 2019. Leng's strategic vision and business acumen have been instrumental in Feihe's growth, with the company owning 11 plants and 12 farms with 100,000 cows and goats.

Key Business Strategies

Feihe's success can be attributed to several key strategies: focusing on high-end infant formula and maintaining a strong market share in China. Moreover, the company has focused on a vertically integrated supply chain to ensure product safety and nutrition.

Philanthropy

While specific amounts of philanthropy are unavailable, Leng Youbin has received the National Poverty Alleviation Award, reflecting his commitment to social responsibility.

Career Milestones

1987

Joined Zhaoguang Dairy

Began his career in the dairy industry.

1996

Director of Heilongjiang Feihe

Began his tenure as director.

2001

Led Feihe's Privatization

Spearheaded the privatization of Feihe.

2013

CEO and Chairman of Feihe International

Assumed the role of CEO and Chairman of Feihe International.

2019

Feihe's Hong Kong IPO

Feihe listed on the Hong Kong Stock Exchange.

Philanthropy & Social Impact

Social Welfare

Poverty Alleviation Award

$XB

Received the National Poverty Alleviation Award.

Business Philosophy & Leadership

Notable Quotes

""Our new name better reflects our renowned Feihe brand and our exclusive focus on the Chinese consumer market.""

Leadership Principles

Focus on Chinese Consumers

Leng's focus is on the Chinese consumer market.

Commitment to Quality

Ensuring product safety and nutrition for Chinese consumers.

Strategic Vision

Leadership in the transformation of Feihe into a leading brand.

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