Dang Yanbao Net Worth

Dang Yanbao has an estimated net worth of $21.2 billion, according to Forbes Real-Time Billionaires, Dang Yanbao profile (figures as of October 20, 2026). That is up from $1.2 billion in 2019.

Dang Yanbao is a Chinese entrepreneur and the chairman of Ningxia Baofeng Energy Group, a supplier of coal-based chemical products. He was born in 1973 and grew up in Yanchi County in the Ningxia region of northwestern China. Forbes describes him as self-made.

He later earned an MBA from Peking University. Before founding Baofeng Energy, he worked in building materials and investment. He became legal representative of Ningxia Baofeng Group in 2010.

He is also known for philanthropy. In 2011 he and his wife, Bian Haiyan, set up the Ningxia Yanbao Charity Foundation to support education and poverty relief. As of 2021, the foundation had helped 256,700 young students with financial aid.

How Dang Yanbao made his money

Dang set up Baofeng Energy in 2005. The company turns coal into chemicals such as olefins, which are used to make plastics. That process lets China use its abundant coal instead of imported oil for many industrial materials, and Baofeng has grown into one of the biggest players in the field.

Its growth has been driven by very large plants. In 2025 Baofeng began operations at a $6.7 billion olefins plant in Inner Mongolia, one of the world's largest, raising its annual olefin capacity to 5.2 million tons.

Dang has also moved into clean energy. Another private firm he controls, Baofeng Energy Storage, operates a 100GWh battery and energy storage plant in Yinchuan. In 2020, the Baofeng Group ranked among China's top private manufacturers.

Dang's rise is one of the fastest in Chinese industry. In less than two decades he went from building materials and investing to running one of the country's largest coal chemical companies, based in Ningxia, a region far from China's wealthy coastal cities. His bets on scale have repeatedly paid off as the company's plants came online.

How Forbes has valued Dang Yanbao

Forbes valued Dang at $1.2 billion in 2019. His fortune then rose fast, to $6.6 billion in 2020, $12.7 billion in 2021 and $14.8 billion in 2022.

It dipped to $12.2 billion in 2023, then rose to $13.4 billion in 2024, $14.5 billion in 2025 and $20.7 billion on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed $21.2 billion, his highest figure yet. That makes him one of the richest people in China's energy and chemicals industry.