Pang Kang Explained

Pang Kang
Birth Date:[1]
Nationality:Chinese
Occupation:Businessman
Chairman, Foshan Haitian Flavouring & Food Co
Spouse:Married

Pang Kang (; born 1956) is a Chinese billionaire businessman, and the chairman of Foshan Haitian Flavouring & Food Co.

Biography

Pang Kang was an executive of the collective Hai Tian Sauce Shop. In 1995, he contributed to the incorporation of the collective as a limited company, and became a shareholder with a $60K initial investment. The company became Foshan Haitian Flavoring & Food and was introduced on the Shanghai Stock Exchange in 2014.[2]

Fortune

In 2014, his fortune was estimated at US$2.5 billion.[3] In 2015, his fortune was estimated at $4.6 billion.[4] In 2018, his fortune grew by 60% to reach $7.2 billion, going from 68th to 35th in the China Rich List.[5]

As of January 2021, Forbes estimated his net worth at $34.3 billion.[1]

Personal life

Pang does not have children.[6]

Notes and References

  1. Web site: Forbes profile: Pang Kang. Forbes. 13 January 2021.
  2. https://web.archive.org/web/20210116163514/https://www.bizbilla.com/world-top-billionaires/china/2015/pang-kang.html
    1. 534 Pang Kang
  3. http://www.businessballa.com/2014/03/133733/2014-forbes-billionaires-list-chinas-record-152-members 2014 Forbes Billionaires List: China's Record 152 Members
  4. Amarendra Bhushan Dhiraj, China Rich List 2015: Top 400 Chinese Billionaires And Billionaire Families, Ceoworld.biz, 21 April 2015
  5. Ko Tin-yau, Meet the three Chinese sauce kings, Ejinsight.com, 15 October 2018
  6. Tom Belger, Billionaires with no kids to leave their fortunes to, Msn.com, 9 December 2018