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LeaderPortfolio
Billionaire Profile
Xiao Yongming & family
Global Rank
#1072

Image: Public domain | via Wikimedia Commons

Xiao Yongming & family

CEO, Zangge Mining
CN
Real-Time Net Worth
$3.4B
As of December 2025
Age
61
Source
Fertilizer
Industry
diversified
Citizenship
CN

Biography

Xiao Yongming, a prominent Chinese entrepreneur, built a substantial fortune through his involvement in the mining industry, particularly with Zangge Mining, which specializes in potassium chloride production. As of January 19, 2025, the estimated net worth of Xiao Yongming and his family is $3.4 billion, ranking them at #1010 on the global billionaire list. Starting with a plastics factory, Xiao demonstrated entrepreneurial skills and ventured into the mining sector, establishing Zangge Mining in Qinghai province. His leadership expanded the company, making it a significant player in China's mining industry. The family's wealth is derived from their controlling stakes in publicly traded and private industrial enterprises, including extensive interests in the fertilizer and chemical industries. While Xiao has faced legal challenges, the family's leadership in Zangge Mining reflects their commitment to sustaining and growing their business legacy.

Wealth Over Time

In-Depth Profile

Early Life

Xiao Yongming began his career by operating a plastics factory in Sichuan province, China. Showing early entrepreneurial acumen, he later transitioned into the mining sector.

Rise to Success

Xiao founded Zangge Mining in Qinghai province. Under his leadership, the company expanded its operations to become a significant player in China's mining industry, specializing in potassium chloride production, which is a key component in fertilizer.

Key Business Strategies

A key strategy has been transitioning leadership roles to his twin sons, Xiao Ning and Xiao Yao, who now serve as chairman and vice chairman and CEO, respectively. This succession plan demonstrates a commitment to maintaining family involvement in the company's strategic direction.

Philanthropy

Details about the family's specific philanthropic initiatives and amounts are not readily available in the search results. Further research would be needed to uncover their specific charitable activities.

Career Milestones

Unknown

Founded Zangge Mining

Established Zangge Mining in Qinghai province, China, focusing on potassium chloride production.

2016

Zangge Potash Acquisition

Moved possession of his plant food company, Zangge Potash, to Shenzhen-listed Jinguyuan Holding in a $1.3 billion all-stock deal.

2024

Residential Surveillance

Was placed under residential surveillance by the Zigong Public Security Bureau, which was later lifted in October.

2025

Succession to Sons

Transitioned leadership roles within Zangge Mining to his twin sons, Xiao Ning and Xiao Yao.

Controversies & Challenges

2024

Residential Surveillance

Placed under residential surveillance by the Zigong Public Security Bureau on suspicion of involvement in a criminal case, later lifted in October 2024.