The most rich billionaire of the year was the Chinese breeder of pigs

The epidemic of the African swine fever in China provoked a real food crisis in the country, but large manufacturers were able to enrich themselves due to prices. The main winner was the billionaire Qin Inlin: his fortune has grown four times , to $ 8.6 billion - more than any other participant in the Bloomber Billionaire rating.

The epidemic, as a result of which the livestock of pigs in China was reduced by a third, led to the increase in pork prices more than twice and the record pace of consumer inflation in the country over the past 7 years. But first of all, small manufacturers lost, who are difficult to take measures against the epidemic and restore their number.

Large companies only won, and their market share has grown. Net profit belonging to Qin Inlin of the second pork manufacturer in China Muyuan Foodstuff Co. In the third quarter of 2019, it increased by 260% of the last year. The state of Qing, according to Bloomberg, grew more than four times, and the businessman entered the top 200 richest people in the world. The state of his competitor, the owner of the New Hope Group Liu Yunhao, doubled to $ 11 billion.

Muyuan Foodstuff was able to avoid serious consequences of the epidemic due to the measures taken: truck disinfection, sterilization of feed and air filtration on farms. “Pork epidemic carries both harm and profit. We must saddle this hurricane and turn it into a great opportunity for development, ” said Qin Inlin in an interview with this spring.

55-year-old Qing has a standard biography for a major Chinese entrepreneur. In the mid-1980s, he graduated from an agricultural institute and fell into state economy by distribution, but three years later he began his business, having bought 22 pigs. In 2018, the number of Muyuan Foodstuff Co. amounted to more than 8 million animals.