Qin Yinglin

Early life

Qin (pronounced Chin) was born in 1965 in Hexi Village, Mashankou Town, Neixiang County, Nanyang, Henan. He grew up in poverty.

In 1982, when Qin was in high school, his father saved up money and bought 20 pigs, but all but one died. This motivated Qin to study pig farming at university, so that he could help people in his village earn money raising pigs. In 1985 he was accepted to Henan Agricultural University.

Muyuan's stock price rose significantly when pork prices increased due to the African swine fever outbreak in 2019 and the COVID-19 pandemic in 2020. Qin said that the swine fever outbreak "brings both benefit and harm" As of 2019, the company slaughters five million pigs a year.

Wealth According to the 2015 Forbes list of Chinese billionaires, Qin Yinglin was the richest person in Henan and the 67th richest person in China; he and his wife had a net worth of RMB 17.15 billion. According to Hurun the same year, he had a net worth of RMB 20.5 billion, making him the 98th richest person in China. By 2019, Qin's net worth had risen to over 100 billion yuan, bringing him to 15th on the Hurun list and making him the only local entrepreneur in Henan worth 100 billion yuan; this increase came as Muyuan Foodstuff was doing well due to the rising price of pork. On the 2019 Forbes list of Chinese billionaires, his family's wealth was estimated at 117.38 billion RMB, ninth on the list. He was the second Henanese entrepreneur on the list, after Xu Jiayin. His wealth jumped again in 2020 as pork prices rose due to African swine fever.

Qin is the richest farmer in the world and owns 883 million shares of Muyuan stock, 40.06% of the company. Qin's wife Qian Ying is also a billionaire, and together they own a majority stake in Muyuan. His son Qin Muyuan (秦牧原) is a vice-president at Muyuan Group.

Titles Visiting professor at China Plan Institute (中国策划学院) Managing director of China CYZF Promotio Association (中国创业致富促进会) Delegate to the 2002 Henan Provincial People's Congress Member of the board of directors of Westlake University

Philanthropy On 15 February 2019, Qin donated stock worth RMB 100 million to the Westlake Education Foundation (西湖教育基金会).

In April 2020, Qin made another donation to the Westlake Education Foundation, of stock worth RMB 800 million, for basic research, cutting-edge technological innovation, personnel development, and teaching at Westlake University.

Awards

In 1997, Qin was recognized as one of ten outstanding young farmers in China. In 1999, he received a Youth May 4 Pacesetter award. And in 2006, he was named a national exceptional worker in the field of animal husbandry.