At least a few pig peddlers seem to be cashing in on China’s swine fever epidemic.
Soaring pork prices have catapulted the heads of China’s largest pig farming company to the top echelon of the country’s richest people, financial news outlet Nikkei Asian Review reported Thursday.
Qin Yinglin and Qian Ying, the couple that founded pork producers Muyuan Foods, were ranked 15th on this year’s Hurun Rich List, an annual assessment of the wealthiest people and families in China, published Thursday. After being ranked 70th on last year’s list, Qin and Qian saw their net worth triple to 100 billion yuan ($14 billion) in 2019, with Muyuan selling 5.8 million pigs at up to 30 yuan per kilogram — the country’s highest pork price in the last decade.
The top of the Hurun Rich List consisted of mostly familiar figures, with Alibaba’s Jack Ma, Tencent’s Pony Ma, NetEase’s Ding Lei, and Wanda’s Wang Jianlin ranked first, second, eighth, and ninth, respectively. (Image: VCG)