Hong Jie, Chairman of Sankeshu, holds the title of the richest person in coatings in 2023
Sankeshu's performance is far ahead in the paint industry, and the wealth of Sankeshu Chairman Hong Jie is also unparalleled among paint entrepreneurs.
On October 24th, the 2023 Hurun Rich List was released. Sankeshu Chairman Hong Jie, with a wealth of 28 billion yuan, has repeatedly become the richest person in the paint industry, ranking 33 places higher than last year.
Sankeshu Chairman Hong Jie
In 2021, Sankeshu achieved a revenue of 11.429 billion yuan, breaking the 10 billion mark for the first time. In 2022, the revenue of Sankeshu was 11.338 billion yuan. In the first three quarters of 2023, Sankeshu's revenue was 9.41 billion yuan. According to the growth rate of performance in the first three quarters, Sankeshu's revenue for 2023 will be around 12 to 13 billion yuan, once again breaking the revenue record of a national paint enterprise.
In 2023, there were a total of 9 entrepreneurs among coatings and upstream raw material enterprises on the Hurun Rich List:
Coating Industry:
Sankeshu Chairman Hong Jie ranked 179th on the list with a wealth of 28 billion yuan, with a wealth increase of 3 billion yuan and a ranking increase of 33 places.
MeiTuShi Chairman Zhou Weijian ranked 813rd with a wealth of 7.5 billion yuan, a decrease of 500 million yuan, and a decrease of 18 places in the ranking.
Waterproof industry:
Li Weiguo, Chairman of Dongfang Yuhong, ranked 214th on the list with a wealth of 24 billion yuan. Although his wealth decreased by 1.5 billion yuan and his ranking declined by 7 places, he still became the richest person in waterproofing.
Upstream raw materials:
The Xie Bingkun family, Chairman of Kuncai Technology, ranked 388th on the list with a wealth of 14.5 billion yuan, with a decrease of 2 billion yuan in wealth and a decrease of 32 places in ranking.
Long Baixu just ranked 406th on the list with a wealth of 14 billion yuan, with a wealth increase of 1.5 billion yuan and a ranking increase of 88 places.
The Li family of Dragon Python ranked 585th on the list with a wealth of 10 billion yuan, a decrease of 4.5 billion yuan, and a decrease of 165 places in the ranking.
Wanhua Chemical Sun Huigang ranked 635th on the list with a wealth of 9.5 billion yuan, with a wealth increase of 500 million yuan and a ranking increase of 68 places.
Wang Zelong from CNNC Titanium Dioxide ranked 706th on the list with a wealth of 8.5 billion yuan, a decrease of 2.5 billion yuan and a decrease of 142 places in the ranking.
The Longmang Bailian couple Tan Ruiqing and Zhang Xiaolin ranked 859th on the list with a wealth of 7.4 billion yuan, with a wealth increase of 500 million yuan and an increase of 88 places.
In the past 2022, with the global economic slowdown, the Russia-Ukraine conflict and the COVID-19 epidemic repeated, the number and wealth value of the rich on the list have shrunk slightly.
Hu Run, Chairman and Chief Research Officer of Hurun Rich, stated that 1241 entrepreneurs with personal wealth of over 5 billion yuan made it to this year's Hurun Rich List, a decrease of 64 compared to last year. This is the largest decrease in the number of people in the history of the Hurun Rich List.
The total wealth of entrepreneurs on the list decreased by 4% (1 trillion) compared to last year, to 23.5 trillion yuan. The number of billionaire entrepreneurs decreased by 4 to 30 compared to last year. The number of billion dollar entrepreneurs decreased by 51 compared to last year, to 895.
Chinese and Foreign Coatings Network has noticed that 179 wealthy individuals, including Red Star Macalline Che Jianxing, have fallen out of the list this year, with a total of 472 individuals falling out in the past two years. The industry with the highest number of losers this year is industrial products, accounting for 23%; Next is real estate, accounting for 15%.
China Foreign Coatings Network has noticed that the real estate tycoons downstream of coatings have seen their wealth shrink rapidly in the past two years.
In the 2022 Hurun Rich List, Yang Huiyan's wealth in Country Garden decreased by 110 billion, while Evergrande's Xu Jiayin's wealth decreased by over 40 billion.
In the 2023 Hurun Rich List, Evergrande Xujiayin's wealth decreased by 10 billion yuan, ranking 268th with a wealth of 20 billion yuan, a decrease of 96 places. Country Garden Yang Huiyan's wealth has decreased by 27 billion yuan, ranking 86th on the 2023 Hurun Rich List with a wealth of 48 billion yuan, a decrease of 39 places.
Affected by the downturn in downstream real estate, the wealth and ranking of most of the listed entrepreneurs in coatings and upstream have decreased. Under the leadership of Chairman Hong Jie, Sankeshu has overcome the adverse effects of real estate by strengthening retail and promoting high-quality development. Its performance has continued to progress steadily, achieving synchronous growth of corporate and personal wealth.
The revenue of Sankeshu in the first three quarters has reached 9.41 billion yuan, and it is on the road to creating the best performance in history, heading towards Sankeshu's first 12 billion yuan.
