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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.
You might also like the list of the 800 largest travel venture capital investors, curated by our partner portal ThousandInvestors.
Qin amassed his fortune through Muyuan Foodstuff, a pig farming company, and due to its success, Qin is widely considered to be the world’s richest farmer. Muyuan Foodstuff was founded in 2000 by Qin and his wife Qian Ying, and in 2010 the company received a loan and investment from an international finance company. The couple started with 22 pigs, which has grown to more than 80 million today. As of October 2024, Qin has an estimated net worth of $17.3 billion, making him one of the 130 richest people in the world according to Forbes. In this article, we will investigate whether 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 medicine while working at a food company. Muyuan Foodstuff became a listed company in 2014 and has expanded rapidly in recent years, successfully navigating through swine fever and COVID-19 when others faltered. In 2019, the group grew by more than 341% as a result of the global pork shortage. Qin is estimated to own 40% of the company. His wife Qian Ying is also a billionaire who owns a majority stake in the company together with her husband. Their son, Qin Muyuan, is also involved in the family business and is a vice president of the company.
Picture source: Diego San
Last Updated on October 28, 2024
