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Youbin
Leng Youbin
Rank #1633
CHINA•Food & Beverage•Infant formula

Leng Youbin

Net Worth
$2.51B
+1.55% (24h)
Leng Youbin is the Chairman and CEO of China Feihe, one of China's largest infant formula producers. His journey began after working at a state-owned dairy farm. Leng Youbin's net worth is estimated at $2.8 billion as of March 2024. He led the privatization of China Feihe, steering it towards a focus on high-end infant formula, and taking the company public in 2019. Leng's career reflects significant achievements in the food and beverage industry.

How to read Leng Youbin'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 Leng Youbin, we anchor the narrative to Infant formula and Infant formula, 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 $2.51B alongside global rank #1633, 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

Leng Youbin, born in February 1969, herded cows as a child and later worked in a state-owned dairy farm. This early experience provided a foundation for his future in the dairy industry. He holds degrees from Northeast Agricultural University and an EMBA from Peking University. This educational background equipped him with the knowledge necessary to transform his career.

Rise to Success

Leng Youbin's career took off when he acquired stakes in the farm and a dairy plant, establishing the Feihe brand. Under his leadership, China Feihe went public in Hong Kong in November 2019. Leng's strategic moves included focusing on high-end infant formula, which led to the company's significant market share. His success positioned him as a leading figure in the Chinese business world.

Key Business Strategies

Leng Youbin's leadership has been instrumental in the company's growth, particularly in the high-end infant formula market. The company expanded its operations by building plants and farms, including expanding into Canada. His leadership led to the development of China's first fully integrated industrial cluster for infant formula and pioneering advancements in product quality and traceability. Leng's focus on 'more suitable for Chinese babies' development helped guide the domestic formula industry towards further development.

Philanthropy

Specific details on Leng Youbin's philanthropy were not found in the search results.

Career Timeline

2026

Named National Outstanding Professional and Technical Talent

Received national recognition for his contributions to the infant formula industry.

2020

Listed on Forbes China Rich List

Recognized as a billionaire.

2019

China Feihe's IPO

Took China Feihe public on the Hong Kong Stock Exchange.

2007

Earned EMBA from Peking University

Completed an Executive MBA degree from Guanghua School of Management.

2001

Led Privatization of China Feihe

Spearheaded the privatization of the infant formula maker, shifting focus to middle and high-end products.

1995

Graduated from Northeast Agricultural University

Completed his Bachelor's degree through a correspondence course.

Philanthropic Impact

UnknownUndisclosed

Unknown

Philanthropic activities are not available.

Key Business Ventures & Holdings

CompanyStakeValue
China Feihe39.53%$1.11M

Net Worth History

In-Depth Analysis

Early Life

Leng Youbin, born in February 1969, herded cows as a child and later worked in a state-owned dairy farm. This early experience provided a foundation for his future in the dairy industry. He holds degrees from Northeast Agricultural University and an EMBA from Peking University. This educational background equipped him with the knowledge necessary to transform his career.

Rise to Success

Leng Youbin's career took off when he acquired stakes in the farm and a dairy plant, establishing the Feihe brand. Under his leadership, China Feihe went public in Hong Kong in November 2019. Leng's strategic moves included focusing on high-end infant formula, which led to the company's significant market share. His success positioned him as a leading figure in the Chinese business world.

Key Business Strategies

Leng Youbin's leadership has been instrumental in the company's growth, particularly in the high-end infant formula market. The company expanded its operations by building plants and farms, including expanding into Canada. His leadership led to the development of China's first fully integrated industrial cluster for infant formula and pioneering advancements in product quality and traceability. Leng's focus on 'more suitable for Chinese babies' development helped guide the domestic formula industry towards further development.

Philanthropy

Specific details on Leng Youbin's philanthropy were not found in the search results.

Data Sources & Methodology

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

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