BillionaireNet
family
Y
Rank #2728
CHINAManufacturingplastics

Yuan Zhimin & family

Net Worth
$1.28B
+1.35% (24h)
Yuan Zhimin, a 64-year-old billionaire, chairs Kingfa Science & Technology Co., a major supplier of modified plastics. His wealth stems primarily from the plastics industry, with a net worth of $1.4 billion as of December 16, 2025. Yuan founded Kingfa in 1993 and has been a key figure in the company's expansion, including venturing into medical and protective glove production in 2020 during the pandemic. He shares his fortune with his wife, Xiong Haitao, who is a director at Kingfa.

The Full Dossier

Early Life

Yuan Zhimin, born in 1961, holds a Master of Science degree from the Beijing Institute of Technology. The early details of his life and education provide a foundation for his future in the business world. Information on his early life is limited in available public sources.

Rise to Success

Yuan Zhimin's career is centered around Kingfa Science & Technology Co., a company he founded in 1993. Kingfa is a supplier of modified plastics. Over the years, Yuan has led the company through significant growth and strategic expansions. In 2020, the company expanded into the production of medical and protective gloves. Yuan shares his fortune with his wife, Xiong Haitao, who is a director at Kingfa.

Key Business Strategies

The company has focused on the plastics industry. He has positioned Kingfa as a major player in the modified plastics sector, adapting to changing market demands. The company's strategic decisions, including the expansion into new product lines during the global pandemic, reflect a dynamic business approach.

Philanthropy

Information regarding the specific amounts and details of Yuan Zhimin's philanthropy is limited. Search results did not yield specific philanthropic initiatives.

Career Timeline

2020

Expansion into Medical and Protective Gloves

Kingfa expanded its operations to include the production of medical and protective gloves.

1993

Founded Kingfa Science & Technology Co.

Established Kingfa, a company focused on modified plastics.

Wealth Trajectory