BillionaireNet
family
Yi Xianzhong & family
Rank #3118
CNhealthcarePharmaceuticals

Yi Xianzhong & family

Net Worth
$1B
% (24h)
Yi Xianzhong & family, with an estimated net worth of $1.0 billion as of 2024, has established a significant presence in the pharmaceutical industry. The family's wealth originates from their ventures in pharmaceuticals, with Yi Xianzhong himself chairing China Grand Pharmaceutical and Healthcare Holdings. The company, founded in 1995, engages in the research, development, manufacture, and distribution of a wide range of pharmaceutical products. Yi's career began in a state-owned firm after graduating from South China University of Technology, before founding a computer company, Hedy Computer, and later transitioning into pharmaceuticals. The family is known for their commitment to philanthropy through the Yi Xianzhong Foundation, which supports various initiatives.

The Full Dossier

Early Life

Yi Xianzhong's journey began in rural China, where he was born in 1970. He grew up in a close-knit family, instilling in him the values of hard work and determination. He was educated at South China University of Technology, majoring in computers and radio.

Rise to Success

Yi Xianzhong's entrepreneurial journey began with a small textile business. This business grew into a larger enterprise. Later, he founded Hedy Computer, which went public in 2004 and was acquired in 2016. Yi then became the chair of Bio-Thera Solutions, which develops drugs to treat tumors and cardiovascular and autoimmune diseases. However, the primary source of his wealth is his involvement in the pharmaceutical industry as the head of China Grand Pharmaceutical and Healthcare Holdings.

Key Business Strategies

The key to Yi Xianzhong's success is his ability to spot opportunities and his strong leadership skills. Yi's entrepreneurial ventures expanded into pharmaceuticals, creating wealth for his family. China Grand Pharmaceutical and Healthcare Holdings is a global pharmaceutical enterprise involved in research, development, manufacturing, and sales of a wide range of pharmaceutical products.

Philanthropy

The Yi family has a strong commitment to philanthropy. The Yi Xianzhong Foundation supports various initiatives in education, healthcare, and poverty alleviation globally.

Career Timeline

Present

Chairs China Grand Pharmaceutical

Chairman of China Grand Pharmaceutical and Healthcare Holdings, which develops drugs to treat tumors and cardiovascular and autoimmune diseases.

2016

Hedy Computer acquired

Hedy Computer was acquired by Focus Media.

2004

Hedy Computer went public

Hedy Computer went public.

Early Career

Founded Hedy Computer

Founded his first company, computer maker Hedy Computer.

Early Career

Worked at a state-owned firm

Yi Xianzhong worked for a state-owned firm in Guangzhou.

1978

Graduated from university

Graduated from South China University of Technology.

Philanthropic Impact

MultipleUnknown

Yi Xianzhong Foundation

Supports education, healthcare, and poverty alleviation.

Wealth Trajectory