Ji Kaiting's profile, Forbes' youngest female richest man in 2019

Ji Kaiting is the daughter of the Chairman and CEO of Longguang Real Estate, listed in Hong Kong. The real estate developer focuses on developing the mid- to high-end residential market in China and is headquartered in Shenzhen, South China. Ji Kaiting is a non-executive director of Longguang Real Estate, but holds 85% of Longguang Real Estate through different companies and family trusts, with a total net worth of approximately $1.3 billion. However, the outside world knows little about Ki Kaiting, and his photos have not been publicly released.

Biography

According to foreign media, according to the Forbes list released on March 4, 2019, she is the youngest billionaire on the planet, but little is known about the 24-year-old girl.

According to Australian media reports on March 4, 2019, Ji Kaiting's net worth is about $1.3 billion. She is a shareholder and non-executive director of China's real estate giant Longguang Real Estate, holding 85% of the company's shares. The company is headquartered in Shenzhen, a city in southern China. Her father, Ji Haipeng, is the chairman and chief executive of Longguang Real Estate.

Longguang Real Estate’s revenue in 2019 was approximately $1 billion. The company was listed in Hong Kong in December last year, and its share price rose 2.4% on the first day of listing.

Born in Hong Kong, Ji Kaiting is a newcomer to the Forbes World Rich List. She replaced Dustin Moskowitz, one of the founders of Facebook, and became the youngest billionaire.

Despite the incredible wealth, the outside world knows little about Ki Kaiting and has not publicly released her photos.

The Forbes biweekly report said that Ji Kaiting holds a bachelor's degree in economics and finance from the University of London.

Ji Kaiting is a non-executive director of Longguang Real Estate, but holds 85% of Longguang Real Estate through different companies and family trusts, with a total net worth of approximately $1.3 billion. However, the outside world knows little about Ki Kaiting, and his photos have not been publicly released. Longguang Real Estate's revenue in 2019 was RMB 11.119 billion. It was registered on the Hong Kong Stock Exchange's main board on December 9, 2019.

The youngest richest

Forbes magazine released the list of billionaires in the world in 2019. Microsoft founder Bill Gates squeezed Mexican telecom tycoon Carlos Slim Elu with $76 billion in net assets four years later. Re-enter the world's richest throne. In the past 20 years, the throne of this list has been won by Gates for 15 years.

Carlos ranks second in the world's richest list with a net worth of $72 billion, while 77-year-old ZARA founder Amancio Otto, with $64 billion, became the world's third richest person and expanded the first Four "share gods" Warren Buffett's lead.

This time, a total of 225 people in China were on the list, and the number of people on the mainland broke the record, reaching 152. China ranks second only to 492 people in the United States.

According to the list, Li Ka-shing ranked 20th with 31 billion US dollars, and continued to sit on the throne of Asia's richest man, but the ranking dropped 12 places compared with last year. Galaxy Entertainment and Chairman of Jiahua Group Lv Zhihe ranked 28th with 22 billion US dollars. Henderson Land Chairman Lee Shau Kee was ranked 35th with a net worth of 19.6 billion. The richest man in mainland China is Wang Jianlin, the founder of Wanda Group, which ranks 64th in the world with a net asset of $15.1 billion. Compared to last year, his ranking has doubled. Followed by Tencent founder Ma Huateng and Baidu founder Li Yanhong.

The 24-year-old Chinese girl Ji Kaiting became the youngest richest man on the list, replacing Facebook co-founder Dustin Moskowitz.

Ji Kaiting is the daughter of the Chairman and CEO of Longguang Real Estate, listed in Hong Kong. The real estate developer focuses on developing the mid- to high-end residential market in China and is headquartered in Shenzhen, South China. Ji Kaiting is a non-executive director of Longguang Real Estate, but holds 85% of Longguang Real Estate through different companies and family trusts, with a total net worth of approximately $1.3 billion. However, the outside world knows little about Ki Kaiting, and his photos have not been publicly released. Longguang Real Estate's revenue in 2019 was RMB 11.119 billion. It was registered on the Hong Kong Stock Exchange's main board on December 9, 2019.

Forbes said that the daughter of Longguang Real Estate, Ji Kaiting, holds 85% of the company and has a net worth of $1.3 billion.

The latest "Forbes" rich list was released a few days ago, this time a total of 1565 rich people on the list. Ji Haipeng, the daughter of Ji Guangpeng, chairman of Shenzhen Longguang Real Estate, which was listed in Hong Kong at the end of last year, and Ji Kaiting, who has a bachelor's degree in finance from the University of London, was only 24 years old, replacing another founder of Facebook Zuckerberg, Moscow Witz Become the youngest richest man on the list.

1284th

This year's "Forbes" rich list of 31 people under the age of 40, including Google co-founder Bran and Page, and FaceBook founder Zuckerberg. Ji Haipeng, the daughter of the chairman of Shenzhen Longguang Real Estate, which was listed in Hong Kong at the end of last year, and non-executive director Ji Kaiting, became the youngest richest man on the list. According to Forbes, Ji Kaiting holds 85% of Longguang Real Estate through a number of companies and family trusts, and has a net worth of $1.3 billion, ranking 1,284 on the list, and holds a bachelor's degree in finance from the University of London.

Company employees do not know their appearance

At present, the board of directors of the company consists of 8 members, including executive director, chairman of the board of directors Ji Haipeng, executive director Ji Jiande, Xiao Xu, Lai Zhuobin, non-executive director Ji Kaiting, independent non-executive directors Zhang Huaqiao, Liao Jiaying, Cai Suisheng.

The relevant person of the company told Jingjing that Ji Kaiting is a non-executive director of the company. He does not work in the company, does not work at the company, and does not receive wages in the company. Accordingly, most employees of the company do not know their personal appearance and other personal circumstances. She has not seen her at the company event.

According to statistics, the 39 youngest people on the Forbes list are worth a total of 115.7 billion US dollars, 42% of which are owned by the former, current and future members of FaceBook, which shows how FaceBook, the world's largest social networking site, creates a new generation. Regal. Comb, who is about to join FaceBook's board of directors, is worth $6.8 billion.

Longguang Real Estate

Located in Baoan Longguang Century Building

According to the information provided by Longguang Real Estate website: In 1996, Shantou Longguang Jian'an was established; in 2001, annual sales accounted for 1/3 of the Shantou real estate market, which established its position as a leading enterprise in Shantou real estate industry. In 2002, it entered the Shenzhen market and obtained the “land king” of Baoan Central District. It developed the Tianyue Longting project and opened the prelude to the expansion of the different places. [4]

Longguang Real Estate started from Shantou and is now based in Shenzhen. It has become a comprehensive enterprise integrating diversified management of complex real estate, diversified development of construction system and capital investment. Currently, it is located in 12 provinces of Guangdong, Guangxi, Sichuan and Hainan. The city has developed more than 30 residential projects, and its commercial real estate, hotel industry and urban complexes have also gradually developed. In 2011 and 2019, it won the title of “Top 100 Private Enterprises in Guangdong Province” for two consecutive years.

In 2019, Longguang Real Estate was listed in Hong Kong. On February 28, 2019, Longguang Real Estate released its first annual performance report after listing. The report shows that Longguang Real Estate has confirmed revenue of 11.12 billion yuan in 2019, a year-on-year increase of 68.8%. In 2019, the contracted sales also increased significantly by 35.6% to 13.21 billion yuan.

Longguang Real Estate has successively developed Baoan Tianyue Longting, Longgang Junyue Longting, and Longguang Century Building, Grade A office building in Baoan Central District. Currently in the Pingshan Longguangcheng project, the project covers an area of ​​5 million square meters, including high-rise bungalow products and villa products.

How does the 24-year-old non-executive director become the youngest Forbes rich?

The mainland property stocks listed in Hong Kong last year can be described as shoulder-to-shoulder, but not much attention has been paid. The newly released Forbes rich list has caused one of the companies, Longguang Real Estate, to receive attention. Ji Kaiting, a 24-year-old non-executive director of the company's board of directors, ranked 1284 on the Forbes list with a net worth of $1.3 billion, making it the youngest billionaire on the list.

Beauty director

Forbes said that Ji Kaiting holds 85% of Longguang Real Estate through a number of companies and family trusts, and has a net worth of $1.3 billion, ranking 1284 on the list.

Longguang Real Estate Prospectus shows that Ji Kaiting, 24, is the daughter of Chairman and Executive Director Ji Haipeng. He was appointed as a director on May 14, 2019 and was transferred to a non-executive director on November 18, 2019. In August 2019, he received a bachelor's degree in finance from the University of London.

In late December 2019, Longguang Real Estate took the last bus to go to Hong Kong for listing in the same year. The offer price was HK$2.1, and the fund raised amount was HK$1.484 billion. Longguang has been planning to go public since 2007, and it will not be until six years later. The amount of funds raised is also nearly half that of the original rumor.

The official website of the company shows that Longguang Real Estate Holdings Co., Ltd. is a developer of integrated construction in Guangdong and Guangxi. It owns more than 20 subsidiaries including Guangzhou, Shenzhen, Shantou, Foshan, Nanning, Chengdu and Hainan Lingshui. According to the China Index Academy, the company ranked 46th in real estate development in China in 2019.

2019 performance

Longguang Real Estate closed at HK$2.46 yesterday with a market capitalization of over HK$12 billion.

Although the stock price is not as high as the hot new stocks, in recent years, Longguang Real Estate's performance has been remarkable. According to the prospectus, the company's turnover from 2019 to 2019 was 2.85 billion yuan, 3.45 billion yuan and 6.59 billion yuan respectively. The net profit was 940 million yuan, 1.26 billion yuan and 1.82 billion yuan respectively. It is 14.5%, 17.7%, and 17.9%.

The company's just released 2019 results show that the company's turnover increased by 68.8% to 11.12 billion yuan, breaking through the 10 billion mark; gross profit increased by 60.8% to 4.12 billion yuan, core profit increased by 73.6% to 2.04 billion yuan. It is worth mentioning that the company's core profit margin increased by 0.5 percentage points to 18.4% when the average selling price of contract sales fell from 8272 yuan/m2 to 7452 yuan/m2.

This is probably due to the company's low-cost land advantage. At the time of the listing, it was precisely this that was mentioned by the company’s top management. As of the end of 2019, the total land area of ​​Longguang was 11 million square meters, and the average land cost was only 1045 yuan/m2.

Even so, many investors are worried about their layout. About 48% of Longguang Real Estate's land bank is located in Huizhou, and Huizhou is considered by the industry to be the most risky regional market in South China. Other remaining land reserves are mainly concentrated in third-tier cities such as Shantou, Foshan and Nanning, and the proportion of land reserves in first-tier cities. Only 3.4%. Third- and fourth-tier cities are the areas where industry insiders warn of real estate risks.

Pension real estate

But the company has not slowed down the pace of taking the land. Only 20 days after the listing, Longguang Real Estate once again took the land. On January 10, 2019, the company issued an announcement. The company's Shantou subsidiary obtained a plot of land at the price of 1.968 billion yuan at the public land auction, equivalent to a floor area price of 3,765 yuan / m2.

The company's official website shows that on February 26, Longguang Real Estate won a total of 561 million yuan of total land price for 127.4 acres of residential land in Zhangcun Town, Jixian County, Chengdu, with a floor price of 2,200 yuan/m2.