LeaderPortfolio
Chong
Sam Chong
Rank #1604
AUSTRALIAMetals & MiningMining

Sam Chong

Net Worth
$2.607B
0% (24h)
Sam Chong, an 83-year-old Australian citizen, is a prominent figure in the mining industry, primarily known for his co-ownership of the Jellinbah Group, which operates coal mines in Queensland, Australia. His career began in Taiwan, where he trained as a mining engineer before moving to Australia in 1972. Chong's wealth source is mining, and he has made a significant impact in the sector. In January 2025, he acquired Anglo American's stake in Jellinbah for approximately $1.1 billion, further solidifying his position. Chong's net worth is estimated at $2.6 billion as of 2024.

The Full Dossier

Early Life

Sam Chong was born on December 10, 1942, and is currently 83 years old. He was born in Malaysia and moved to Australia in 1972 after training as a mining engineer.

Rise to Success

Sam Chong's path to success began with his training as a mining engineer. He later co-founded the Jellinbah Group, which owns and operates coal mines in Queensland, Australia. In 2022, Jellinbah Group reported significant profits, with the company making a $1.92 billion profit and $1.7 billion in dividends. In January 2025, Chong bought Anglo American's one-third stake in Jellinbah for A$1.6 billion (approximately $1.1 billion), showing his strong commitment to the coal industry.

Key Business Strategies

Sam Chong's key business strategies involve strategic investments and a focus on the mining industry. His decision to acquire Anglo American's stake demonstrates his confidence in the long-term future of coal, and this increased investment reflects his confidence in Queensland's coal industry and commitment to the local community.

Philanthropy

While specific philanthropy amounts for Sam Chong were not found, it is worth noting that he is a director of Jellinbah Group, and his son Paul, is also a director.

Career Timeline

2025

Acquired Anglo American Stake

Chong bought Anglo American's one-third stake in Jellinbah for A$1.6 billion (approximately $1.1 billion).

1988

Founded Jellinbah Group

Sam Chong co-founded the Jellinbah Group, which owns and operates coal mines in Queensland.

1972

Moved to Australia

Sam Chong moved to Australia after training as a mining engineer in Taiwan.

Wealth Trajectory