- Qin Yinglin from Muyuan Foodstuff enjoys fastest growing fortune on Bloomberg Billionaire’s Index as net worth quadruples to US$8.6bn
- The deadly epidemic has sent pork prices soaring and pushed out smaller competitors, increasing profits for the big players
China’s pork crisis, which has sent prices soaring, has still produced some big winners. Chief among them is Qin Yinglin. The chairman of Muyuan Foodstuff has seen his net worth more than quadruple this year to US$8.6 billion.
This makes his the fastest-growing fortune on the Bloomberg Billionaires Index, which features the world’s 500 richest people.
Wholesale pork prices have more than doubled this year, according to data from China’s Ministry of Commerce, fuelling the highest annual consumer inflation rate in seven years as an epidemic of African swine fever led to the deaths of millions of pigs.
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