LeaderPortfolio
Yong
Yu Yong
Rank #127
CHINAMetals & MiningMining

Yu Yong

Net Worth
$21.758B
0% (24h)
Yu Yong, born February 27, 1961, is a prominent Chinese billionaire known for founding and leading Cathay Fortune Corporation, a Shanghai-based private equity firm. His wealth source is mining, primarily through strategic investments in the mining and technology sectors. His career is marked by significant investments in companies like China Molybdenum Co. (CMOC Group) and a stake in Contemporary Amperex Technology Co. (CATL). As of March 24, 2026, his net worth is estimated at $20.3 billion, securing him a position among the world's wealthiest individuals.

How to read Yu Yong's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Yu Yong, we anchor the narrative to Mining and Mining, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $21.758B alongside global rank #127, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CHINA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Yu Yong was born on February 27, 1961, in Wafangdian, Liaoning Province, China. His birthplace was in an industrial region reliant on state-owned enterprises.

Rise to Success

Yu Yong founded Cathay Fortune Corporation in the early 2000s, recognizing the growing demand for critical metals like molybdenum, cobalt, and copper. His strategic investments and acquisitions, particularly in CMOC Group, have been pivotal. Under his leadership, CMOC became a global leader in the mining industry through key acquisitions in Africa, Australia, and South America. Yu Yong also holds a stake in Contemporary Amperex Technology Co. (CATL), a leading Chinese battery maker.

Key Business Strategies

Yu Yong's investment strategy focuses on early entry into high-growth sectors, acquiring undervalued assets and expanding operations. His investments in global mining projects and technology companies have been the foundation of his wealth.

Philanthropy

Details about Yu Yong's philanthropic endeavors are not publicly disclosed.

Career Timeline

2024

Zeekr IPO

Zeekr, an electric vehicle brand under China's automobile giant Geely, went public on the New York Stock Exchange.

2018

Stake in CATL

Acquired a 1.69% stake in Contemporary Amperex Technology via a pre-IPO sale.

2004

Investment in CMOC Group

Made an initial investment in China Molybdenum Co., which evolved into a major stake in CMOC Group.

1998

Founded Cathay Fortune Corporation

Established Cathay Fortune Corporation as a private investment holding group.

Philanthropic Impact

UnknownUndisclosed

Not publicly disclosed

Information regarding his philanthropic endeavors is not publicly disclosed.

Key Business Ventures & Holdings

Net Worth History

In-Depth Analysis

Early Life

Yu Yong was born on February 27, 1961, in Wafangdian, Liaoning Province, China. His birthplace was in an industrial region reliant on state-owned enterprises.

Rise to Success

Yu Yong founded Cathay Fortune Corporation in the early 2000s, recognizing the growing demand for critical metals like molybdenum, cobalt, and copper. His strategic investments and acquisitions, particularly in CMOC Group, have been pivotal. Under his leadership, CMOC became a global leader in the mining industry through key acquisitions in Africa, Australia, and South America. Yu Yong also holds a stake in Contemporary Amperex Technology Co. (CATL), a leading Chinese battery maker.

Key Business Strategies

Yu Yong's investment strategy focuses on early entry into high-growth sectors, acquiring undervalued assets and expanding operations. His investments in global mining projects and technology companies have been the foundation of his wealth.

Philanthropy

Details about Yu Yong's philanthropic endeavors are not publicly disclosed.

Data Sources & Methodology

Figures for Yu Yong are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.