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LeaderPortfolio
Billionaire Profile
Yu Yong
Global Rank
#117

Image: Yuen Foong Yu Inc. | Public domain | via Wikimedia Commons

Yu Yong

CEO, Mining
CHINA
Real-Time Net Worth
$22.952B
Estimated based on Mining stock value as of April 20, 2026
-0.19% (24h)
Age
65
Source
Mining
Industry
Metals & Mining
Citizenship
CHINA

Biography

Yu Yong, born February 27, 1961, is a prominent Chinese billionaire known for founding and leading Cathay Fortune Corporation, a Shanghai-based private equity firm. His wealth source is mining, primarily through strategic investments in the mining and technology sectors. His career is marked by significant investments in companies like China Molybdenum Co. (CMOC Group) and a stake in Contemporary Amperex Technology Co. (CATL). As of March 24, 2026, his net worth is estimated at $20.3 billion, securing him a position among the world's wealthiest individuals.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Yu Yong was born on February 27, 1961, in Wafangdian, Liaoning Province, China. His birthplace was in an industrial region reliant on state-owned enterprises.

Rise to Success

Yu Yong founded Cathay Fortune Corporation in the early 2000s, recognizing the growing demand for critical metals like molybdenum, cobalt, and copper. His strategic investments and acquisitions, particularly in CMOC Group, have been pivotal. Under his leadership, CMOC became a global leader in the mining industry through key acquisitions in Africa, Australia, and South America. Yu Yong also holds a stake in Contemporary Amperex Technology Co. (CATL), a leading Chinese battery maker.

Key Business Strategies

Yu Yong's investment strategy focuses on early entry into high-growth sectors, acquiring undervalued assets and expanding operations. His investments in global mining projects and technology companies have been the foundation of his wealth.

Philanthropy

Details about Yu Yong's philanthropic endeavors are not publicly disclosed.

Career Milestones

1998

Founded Cathay Fortune Corporation

Established Cathay Fortune Corporation as a private investment holding group.

2004

Investment in CMOC Group

Made an initial investment in China Molybdenum Co., which evolved into a major stake in CMOC Group.

2018

Stake in CATL

Acquired a 1.69% stake in Contemporary Amperex Technology via a pre-IPO sale.

2024

Zeekr IPO

Zeekr, an electric vehicle brand under China's automobile giant Geely, went public on the New York Stock Exchange.

Philanthropy & Social Impact

Unknown

Not publicly disclosed

Undisclosed

Information regarding his philanthropic endeavors is not publicly disclosed.

Controversies & Challenges

2012

Discovery Metals Bid

His hostile bid for the Australian mining company, Discovery Metals, was met with resistance from the Australian government and shareholders.

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