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Billionaire Profile
Y
Global Rank
#2714

Image: Congressional Committee | Public domain | via Wikimedia Commons

Yuan Zhimin & family

CEO, Plastics
CHINA
Real-Time Net Worth
$1.319B
Estimated based on Plastics stock value as of March 6, 2026
+0.09% (24h)
Age
64
Source
plastics
Industry
Manufacturing
Citizenship
CHINA

Biography

Yuan Zhimin, at 64 years old, is the founder of Kingfa Sci & Tech, a leading supplier of modified plastics. His career began with founding the company in 1993, and he holds a Master of Science degree from the Beijing Institute of Technology. In 2020, during the global pandemic, Kingfa expanded into medical and protective glove production. As of February 1, 2026, his net worth is estimated at $1.4 billion, ranking him among the wealthiest individuals globally. His source of wealth is primarily from plastics, and his son, Yuan Changchang, was appointed vice chairman of Kingfa in 2024.

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

Wealth Over Time

In-Depth Profile

Early Life

Yuan Zhimin, a graduate of the Beijing Institute of Technology, embarked on an entrepreneurial journey that would lead him to become a prominent figure in the plastics industry. Yuan's educational background provided a solid foundation for his future endeavors.

Rise to Success

Yuan founded Kingfa Sci & Tech in 1993. Over the years, the company grew to become a global leader in the chemical new-material industry. His leadership and strategic decisions were pivotal in the company's expansion and success. In 2020, Kingfa adapted to the global pandemic by expanding into the production of medical and protective gloves.

Key Business Strategies

Kingfa's success can be attributed to several key strategies. These include a focus on independent innovation, product diversification (modified plastics, special engineering plastics, etc.), and global expansion through acquisitions and setting up international operations. The appointment of Yuan Changchang as vice chairman in 2024 indicates a strategic focus on continuity and future growth.

Philanthropy

While specific amounts are unavailable in the current search results, Yuan Zhimin is known to support the application and innovation of new materials, including eco-friendly materials.

Career Milestones

1993

Founded Kingfa Sci & Tech

Founded the company which would become a leader in the modified plastics industry.

2020

Expanded into medical and protective gloves

Kingfa expanded its production to include medical and protective gloves in response to the global pandemic.

2024

Son appointed Vice Chairman

Yuan Changchang was appointed vice chairman of Kingfa, indicating a focus on future growth.

Philanthropy & Social Impact

Environmental and Industrial Support

Support for New Materials

Undisclosed

Supports the application and innovation of eco-friendly materials

Business Philosophy & Leadership

Notable Quotes

"It is hard to achieve the goal of peak carbon dioxide emissions and carbon neutrality without the application and innovation of eco-friendly materials."

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