She was a former Chemistry teacher who became the second richest woman in Asia and the eleventh wealthiest woman in the world. Read more about her success and Zhong Huijuan net worth.
Zhong Huijuan net worth of $8.3 billion may not be on Forbes’ list of top 100 billionaires, but Huijuan was donned with a more significant title as the wealthiest self-made woman in the world.
That’s correct. Her fortune was not a hand-me-down like the wealth of the famous heiress, Francoise Bettencourt Meyers, or something instantly gained like MacKenzie Scott’s divorce settlement from Jeff Bezos. Huijuan paved her own way to wealth and influence.
Though Meyers and Scott are truly amazing in their own right, Zhong Huijuan net worth is an inspiring statement on how women can independently rise in the world.
But first, who is this former middle school teacher from China, and how did Zhong Huijuan net worth come to be?
[Related Read: Jessica Jackley Net Worth]
Zhong Huijuan Short Bio
Zhong Huijuan was born in April of 1961, in Lianyungang, Jiangsu Province, China. Years after graduating from Jiangsu Normal University, Huijuan decided to follow the path of a middle school educator and taught Chemistry at Yan’an Middle School, a school within her city.
Huijuan finished an undergraduate Chemistry degree in 1982 and only began her teaching career during the early 90s. Huijuan held on to her job for a few years until she decided to quit her profession to help her husband run a recently established pharmaceutical company.
Zhong Huijuan and Hansoh Pharmaceutical Group
Zhong Huijuan’s Husband – Sun Piaoyang
Zhong Huijuan’s husband, Sun Piaoyang, was a manager at a state-owned pharmaceutical factory in Lianyungang city. But in 1995, Sun Piaoyang and another investor from Hong Kong decided to start a new company which would later become Hansoh Pharmaceutical Group.
But with only ten employees to call as his workforce, Sun Piaoyang struggled to keep up with the demands of running the fledgling company. Because at the same time, he was still in charge of the state-led factory. So this opened up a career-breaking opportunity for his wife, Huijuan.
Hansoh Pharmaceutical
If Sun Piaoyang started the company, why was Zhong Huijuan named as company founder? At the rate it was going for Sun, Hansoh would have experienced significant losses even before the company could take its first steps into the industry. But because Huijuan stepped in, risks were avoided.
Zhong Huijuan may not have been part of the planning and the registration of the Hansoh, but Huijuan proved that she was the true captain of the flagship company. Hansoh Pharmaceutical Group had raked in $4.5 million in revenue by 1997, just two short years after she took over.
She continued to make groundbreaking decisions that brought the company to new heights at a rapid pace. Huijuan reinvested five percent of the group’s revenue in research and development. The focus included products like antibiotics, cancer treatments, psychotropics, and others.
The conservative investment resulted in a ten percent increase in Hansoh Pharmaceutical’s sales revenue. Hansoh’s growth was considered tremendous and unusual for a Chinese pharmaceutical company. But Huijuan was just in her element. There’s nothing sketchy about it.
Zhong Huijuan Goes Public
Because of Hansoh Pharmaceutical’s aggressive leaps and progress in the industry, Zhong Huijuan had it in the bag when she set up shares of Hansoh in the Hong Kong Stock Exchange in 2019. The move quickly raised $1 billion for Hansoh Pharmaceutical Group.
The event also shot Zhong Huijuan net worth to $10 billion, thus making her the most successful self-made woman in Asia. And in just a few years, the world.
Her husband also found success after sticking with the original company he managed. The factory became Jiangsu Hengrui Medicine, China’s biggest pharmaceutical company. Sun Piaoyang became a billionaire like his wife, but Huijuan’s wealth was more than his.
By 2020, Hansoh Pharmaceutical Group had become the largest producer of psychotropic drugs in the country. Zhong Huijuan owns 66% of the company’s total shares.
[Related Read: Amy Trask Net Worth]
Zhong Huijuan Net Worth – Frequently Asked Questions
How Much is Zhong Huijuan Net Worth?
As of the current year, Zhong Huijuan net worth is valued at $8.3 billion. She stands as the fifteenth richest woman in the world and one of the most successful self-made woman on earth.
How Did Zhong Huijuan Make Her Money?
Zhong Huijuan made a career shift in the mid-90s. From teaching middle school Chemistry, Huijuan took over her husband’s fledgling company and led it to become the biggest producer of psychotropic drugs in China. The company’s latest market cap amounts to $12 billion.
Does Zhong Huijuan Own Hansoh Pharmaceutical?
Zhong Huijuan currently sits as CEO of Hansoh Pharmaceutical. Her husband, Sun Piaoyang, originally started the company, but he could not see it through. Huijuan managed Hansoh from its infancy to its current prosperous state, owning 66% of company shares.
Zhong Huijuan Net Worth – Final thoughts
Out of the roughly 2,800 billionaires globally, about half of these people are from China. However, only a hundred are self-made, which is a more remarkable feat. In a category dominated mainly by men, this feat goes especially to women who strive to make a more significant impact in the modern world.
The Chinese are famous for their remarkable knack for entrepreneurship. Zhong Huijuan net worth is proof that people are more than capable of rising through the ranks regardless of their background. Gender is not an issue, and hard work and persistence are all that count.
Related Reads:
