Ding Shizhong Net Worth, Age, Family & Biography $7.2 B Real Time Net Worth #305 in the world today

Avan Parvadiya — Tue, 16 May 2023 08:52:25 +0000

About Ding Shizhong

Ding is chairman of Anta Sports Products, a manufacturer of athletic footwear and apparel. The Fujian-based business has in excess of 11,900 stores overall and announced an income of 53.7 billion yuan ($8 billion) in 2022. Anta, Fila, Amer Sports, and Descente are among the group’s brand names.

Ding Shizhong, chairman and CEO (center), Lai Shixian, COO and executive director (left) and Zheng

Ding Shizhong Career

Ding, who was born in 1970, began trading sportswear in Beijing when he was 17 years old, as per the report published by Sohu News. According to the website of the business, he co-founded Anta Sports in Fujian, China, with his brother Ding Shijia and father Ding Hemu in 1991.

According to the company’s website, Anta opened its first retail location in Beijing in 2001. In 2007, it began trading publicly in Hong Kong. According to the annual report of the company, the brands of the group include Anta, Fila, and Amer Sports. He owns his portions through a family trust, as indicated by a similar yearly report. In December 2021, the billionaire family gave away 84.5 million shares to charity, which reduced the family’s net worth by $500 million.

His 18.9% stake in the Chinese sportswear manufacturer Anta Sports Products accounts for the vast majority of Ding’s wealth. The Fujian-based business detailed an income of 53.7 billion yuan ($8 billion) in 2022 and in excess of 11,900 stores around the world, as per its 2022 yearly report.

Ding Shizhong Facts

In 2010, Anta purchased FILA’s mainland, Hong Kong, and Macau operations. It later drove a consortium that procured Finland’s Amer Sports for $5.2 billion in 2018.