Zhang Yong is already known as China's richest restauranteur, but he is recently named by Forbes as the 224th richest man in the world.

Published 2019-03-27 15:02:09

Haidilao founder Zhang Yong has a net worth of US$18 billion In 1994, he opened the first Haidilao outlet with just four tables Zhang’s management philosophy is very employee and customer-centric, which contributed significantly to Haidilao’s successHaidilao’s 768 restaurants worldwide raked in US$3.8 billion in sales Haidilao went public in September 2018. The IPO raised nearly US$1 billion and valued the company at roughly US$12 billion. [Update: 20 August 2020]

According to 2020 Forbes Singapore Rich List, China-born hotpot billionaire Zhang Yong and his wife, co-founders of Haidilao, is the richest in Singapore.

Zhang Yong has added US$5.2 billion to his net worth, and they now have a combined net worth of US$19 billion.

The couple was also listed in Bloomberg’s Billionaire Index last year, which is a ranking of the world’s 500 richest people.

The company’s market value increased to US$21 billion then, according to Bloomberg.


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