LeaderPortfolio
family
Y
Rank #3037
CHINAManufacturingplastics

Yuan Zhimin & family

Net Worth
$1.192B
-5.96% (24h)
Yuan Zhimin, the founder of Kingfa Sci & Tech, a key player in the modified plastics industry, has built a substantial fortune through his entrepreneurial endeavors. Born in China, Yuan holds a graduate degree from the Beijing Institute of Technology. His company expanded into medical and protective glove production during the 2020 pandemic, showcasing his adaptability. Yuan's son, Yuan Changchang, was appointed vice chairman of Kingfa in 2024, signaling a transition in leadership. With a net worth of $1.4 billion, Yuan Zhimin's career reflects his success in the manufacturing sector.

How to read Yuan Zhimin & family'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 Yuan Zhimin & family, we anchor the narrative to Plastics and plastics, 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 $1.192B alongside global rank #3037, 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

Yuan Zhimin, a graduate of the Beijing Institute of Technology, embarked on his entrepreneurial journey in 1993 when he founded Kingfa Sci & Tech. This marked the beginning of a career dedicated to the plastics industry.

Rise to Success

Kingfa Sci & Tech, under Yuan's leadership, became a prominent supplier of modified plastics. A pivotal moment occurred in 2020, when the company broadened its scope to include the production of medical and protective gloves in response to the global pandemic. This strategic move significantly boosted the company's revenue and highlighted Yuan's ability to adapt to changing market conditions.

Key Business Strategies

Yuan's success is rooted in his focus on the plastics manufacturing sector. He strategically positioned Kingfa to capitalize on the growing demand for modified plastics. The 2020 expansion into medical supplies demonstrated a forward-thinking approach to market opportunities.

Philanthropy

While specific philanthropy amounts are unavailable, Yuan Zhimin and his family are known for their involvement in charitable activities.

Career Timeline

2024

Son appointed Vice Chairman

Yuan Changchang appointed vice chairman of Kingfa.

2020

Expanded into Medical Supplies

Kingfa began producing medical and protective gloves.

1993

Founded Kingfa Sci & Tech

Established the plastics manufacturing company.

Philanthropic Impact

UnknownUndisclosed

Not Available

Details unavailable.

Key Business Ventures & Holdings

CompanyStakeValue
Kingfa Sci & Tech

Net Worth History

In-Depth Analysis

Early Life

Yuan Zhimin, a graduate of the Beijing Institute of Technology, embarked on his entrepreneurial journey in 1993 when he founded Kingfa Sci & Tech. This marked the beginning of a career dedicated to the plastics industry.

Rise to Success

Kingfa Sci & Tech, under Yuan's leadership, became a prominent supplier of modified plastics. A pivotal moment occurred in 2020, when the company broadened its scope to include the production of medical and protective gloves in response to the global pandemic. This strategic move significantly boosted the company's revenue and highlighted Yuan's ability to adapt to changing market conditions.

Key Business Strategies

Yuan's success is rooted in his focus on the plastics manufacturing sector. He strategically positioned Kingfa to capitalize on the growing demand for modified plastics. The 2020 expansion into medical supplies demonstrated a forward-thinking approach to market opportunities.

Philanthropy

While specific philanthropy amounts are unavailable, Yuan Zhimin and his family are known for their involvement in charitable activities.

Data Sources & Methodology

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