Billionaire Profile
Zhu Baoguo & family
Global Rank
#717

Image: Public domain | via Wikimedia Commons

Zhu Baoguo & family

CEO, Joincare Pharmaceutical Group Industry
CN
Real-Time Net Worth
$5.5B
As of December 2025
Age
63
Source
Pharmaceuticals
Industry
healthcare
Citizenship
CN

Biography

Zhu Baoguo, the chairman of Shenzhen-based Joincare Pharmaceutical Group Industry, has built a significant fortune in the pharmaceutical industry. His wealth stems from his company's expansion from herbal tonics to a diversified pharmaceutical empire with interests in prescription drugs, traditional Chinese medicines, health products, and diagnostic reagents. Zhu is a self-made billionaire, educated with a bachelor's degree in chemistry from Henan Normal University. He also owns a stake in WeBank, a Chinese digital bank backed by Tencent. As of December 2024, his net worth is estimated at $5.5 billion.

Wealth Over Time

In-Depth Profile

Early Life

Prior to his pharmaceutical venture, Zhu Baoguo worked as a chemical engineer. He earned a bachelor's degree in chemistry from Henan Normal University. In 1992, he moved to Shenzhen, a city known for its entrepreneurial spirit, and founded a small pharmaceutical venture that would later become Joincare Pharmaceutical Group Industry.

Rise to Success

Zhu Baoguo's vision and business acumen have been instrumental in Joincare's growth. The company started with herbal tonics and expanded into a comprehensive pharmaceutical group with businesses in prescription drugs, traditional Chinese medicines, health products, and diagnostic reagents. He also owns a stake in WeBank, a Chinese digital bank backed by Tencent.

Key Business Strategies

Zhu Baoguo's business strategy emphasizes innovation and research and development. Joincare has focused on technological advancements and building technology platforms. The company has also established long-term cooperation with international biomedical companies. The company has expanded to encompass the research, development, production, and marketing of in-vitro diagnostic reagents and related equipment.

Philanthropy

Information on the specific philanthropy amounts of Zhu Baoguo is not readily available through the search results.

Career Milestones

1992

Founded Joincare Pharmaceutical Group Industry Co., Ltd

Established what would become a major pharmaceutical company.

2013

Chairman of the Board of Livzon Pharmaceutical

Assumed leadership of Livzon Pharmaceutical Group Inc.

2018

Top Ten Trademark and Brand Leaders of Guangdong Province

Awarded for commitment to the life health industry and brand building.

Philanthropy & Social Impact

Healthcare

Unknown

$XB

Specific philanthropy amounts not available.

Business Philosophy & Leadership

Notable Quotes

"No notable quotes available."

Leadership Principles

Independent Innovation

Consistently adheres to independent innovation and research and development.

Brand Building

Emphasizes the construction of enterprise trademarks and brands.

Controversies & Challenges

Unknown

Unknown

No controversies found.