Xiao Yongming & family

Net Worth

$5.015B

+1.89% (24h)

Xiao Yongming, a prominent Chinese entrepreneur, built a fortune through his involvement in the mining industry, specifically with Zangge Mining, which produces potassium chloride. Born in Sichuan province, China, on January 7, 1964, Xiao started his career in a plastics factory. He then ventured into the mining sector, establishing Zangge Mining in Qinghai province. As of January 19, 2025, his net worth was estimated at $3.4 billion. Xiao has transitioned leadership roles within the company to his twin sons, Xiao Ning and Xiao Yao. Xiao faced legal challenges in April 2024, but the residential surveillance measures imposed on him were lifted in October 2024.

The Full Dossier

Early Life

Xiao Yongming was born in Anyue County, Sichuan Province, China, in 1964. He started working at the Yonghong Plastics Factory in Anyue County in 1981, eventually becoming the factory director.

Rise to Success

In 1996, Xiao moved to Golmud, Qinghai Province, and entered the catering industry. In 2002, he transitioned to the potash business, establishing Golmud Zangge Potash Co., Ltd.. His wealth increased significantly when *ST Zangge (Zangge Holdings) completed its listing in Jinyuan Valley in 2016. In 2017, Xiao reportedly owned a helicopter.

Key Business Strategies

Xiao's primary wealth source comes from his stake in Zangge Mining, a Chinese mining business that produces potassium chloride. The company is headquartered in Qinghai province. Xiao's sons, Xiao Ning and Xiao Yao, are now involved in leadership roles within the company.

Philanthropy

The search results do not provide specific amounts or details about Xiao Yongming's philanthropic activities.

Career Timeline

2024

Residential Surveillance

Placed under residential surveillance by Zigong Public Security Bureau in April, measures lifted in October.

2016

Backdoor Listing

*ST Zangge (Zangge Holdings) completed its listing in Jinyuan Valley.

2002

Founded Zangge Potash

Started potash business and established Golmud Zangge Potash Co., Ltd..

1996

Entered Catering Industry

Moved to Golmud, Qinghai Province, and entered the catering industry.

1981

Factory Director

Began working at Yonghong Plastics Factory in Anyue County, and later became the factory director.

Philanthropic Impact

UnknownUndisclosed

Unknown

The search results do not provide any information about Xiao Yongming's philanthropic activities.