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LeaderPortfolio
Billionaire Profile
Y
Global Rank
#2964

Image: Congressional Committee | Public domain | via Wikimedia Commons

Yuan Zhimin & family

CEO, Plastics
CHINA
Real-Time Net Worth
$1.278B
Estimated based on Plastics stock value as of April 21, 2026
-0.75% (24h)
Age
65
Source
plastics
Industry
Manufacturing
Citizenship
CHINA

Biography

Yuan Zhimin, the founder of Kingfa Sci & Tech, a key player in the modified plastics industry, has built a substantial fortune through his entrepreneurial endeavors. Born in China, Yuan holds a graduate degree from the Beijing Institute of Technology. His company expanded into medical and protective glove production during the 2020 pandemic, showcasing his adaptability. Yuan's son, Yuan Changchang, was appointed vice chairman of Kingfa in 2024, signaling a transition in leadership. With a net worth of $1.4 billion, Yuan Zhimin's career reflects his success in the manufacturing sector.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Yuan Zhimin, a graduate of the Beijing Institute of Technology, embarked on his entrepreneurial journey in 1993 when he founded Kingfa Sci & Tech. This marked the beginning of a career dedicated to the plastics industry.

Rise to Success

Kingfa Sci & Tech, under Yuan's leadership, became a prominent supplier of modified plastics. A pivotal moment occurred in 2020, when the company broadened its scope to include the production of medical and protective gloves in response to the global pandemic. This strategic move significantly boosted the company's revenue and highlighted Yuan's ability to adapt to changing market conditions.

Key Business Strategies

Yuan's success is rooted in his focus on the plastics manufacturing sector. He strategically positioned Kingfa to capitalize on the growing demand for modified plastics. The 2020 expansion into medical supplies demonstrated a forward-thinking approach to market opportunities.

Philanthropy

While specific philanthropy amounts are unavailable, Yuan Zhimin and his family are known for their involvement in charitable activities.

Career Milestones

1993

Founded Kingfa Sci & Tech

Established the plastics manufacturing company.

2020

Expanded into Medical Supplies

Kingfa began producing medical and protective gloves.

2024

Son appointed Vice Chairman

Yuan Changchang appointed vice chairman of Kingfa.

Philanthropy & Social Impact

Unknown

Not Available

Undisclosed

Details unavailable.

Controversies & Challenges

2024

Insider Trading

Yuan Zhimin was sentenced to three years in prison (with a four-year probation) and fined for insider trading.

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