Biography
Xiao Yongming, a self-made billionaire, derives his wealth primarily from his stake in Zangge Mining, a Chinese mining business specializing in potassium chloride used in fertilizer production. Early in his career, he operated a plastics factory in Sichuan province. As of March 2026, his net worth is estimated at $4.9 Billion, placing him among the world's wealthiest individuals. His son, Xiao Yao, serves as the vice chairman and CEO of the company. The company is headquartered in Qinghai province. His wealth reflects his successful career and strategic investments in the fertilizer industry.