This article directly stems from the research process for our Asian single family office database. Our list of venture capital focused single family offices includes the most important family investment vehicles that invest in promising startups, amongst others within the travel and hospitality sector.
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Qin amassed his fortune through Muyuan Foodstuff, a pig farming company, and due to its success Qin is widely considered the world’s richest farmer. Muyuan Foodstuff was founded in 2000 by Qin and his wife Qian Ying, by 2010 the company received an international finance corporation loan and investment. As of February 2023, Qin has an estimated net worth of $20.2bn which puts him as the 82nd richest person in the world according to Forbes. In this article, we will investigate if Qin manages his wealth through a family office.
Qin and partner Qian manage wealth through Muyuan Foodstuff
Qin studied animal husbandry at Henan Agricultural University and met his wife Qian who studied veterinary while working at a food company. Muyuan Foodstuff became a publicly traded company in 2014 and in recent years has undergone rapid expansion as the company successfully navigated swine fever and covid-19 where other companies faltered. In 2019, the group grew by over 341% in 2019 due to a global shortage of pork. Qin is estimated to own 40% of the company and Qian is also a billionaire who owns a majority stake in the company along with her husband. Their son, Qin Muyuan is a vice president at the company.
Picture source: Diego San