Colin Zheng Huang Net Worth: Career & Lifestyle
The Chinese businessman and philanthropist Colin Zheng Huang’s net worth is $15 billion.
Huang is the founder and former CEO of the Chinese e-commerce company Pinduoduo.
The billionaire has made himself popular as strong opposition to the open and market-driven economy.
He is one of the owners of the limited liability Cayman companies, which owns a 7.7 % stake in Pinduoduo.
Zheng is one of the nation’s richest and most influential personalities.
Colin Zheng Huang | Quick Facts
|Popular Name||Colin Huang|
|Other Name||Colin Zheng Huang|
|Date of Birth||January 1, 1980|
|Age||43 Years Old|
|Birth Place/City||Hangzhou, China|
|Education||Master, University of Wisconsin Madison
Bachelor of Arts/Science, Zhejiang University
|Net Worth||$15 Billion|
|Last Update||March 2023|
Colin Zheng Huang | Net Worth and Salary
Colin Zheng Huang’s net worth as of 2022 is a staggring $15 billion.
The billionaire businessman has an annual salary of over $3 billion.
He reportedly earns above $250 million per month.
Popularly known as PDD, his company Pinduoduo reportedly earned a staggering $280 million annual revenue in 2017.
When the company went public in the USA in 2018, the businessman had 47% of the share in the company worth $14 billion.
Despite the allegations of sales of counterfeit products, the company raised a staggering $1.6 billion in that IPO.
Meanwhile, in 2019, the e-commerce company reported online discount vouchers being stolen. Those vouchers were worth millions of yuan, according to the company.
His company earned a profit of $4 billion in 2021. As a result, he earned a dividend of $900,000,000.
After the rise of the stock prices of Pinduoduo to $87.58 in 2020, the wealth of Colin Huang was raised by $25 billion.
According to the Forbes Real-Time Billionaire Index, his net worth was $45.4 billion in June 2021. He surpassed Jack Ma and was one step behind China’s richest Pony Ma, CEO of Tecent.
The billionaire reached the top 25 richest people list on the global Bloomberg Billionaires Index at the time.
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Net Worth of Colin Zheng Huang in Different Currencies
Let’s have a look into Colin Zheng Huang’s net worth in different currencies, including the cryptocurrency BitCoin.
|Euro||€ 13.5 Billion|
|Pound Sterling||£ 11.4 Billion|
|Australian Dollar||A$ 20.4 Billion|
|Canadian Dollar||C$ 18.9 Billion|
|Indian Rupee||₹ 1.1 Trillion|
Colin Zheng Huang | Houses
Colin Zheng Huang’s net worth as of March 2023 is a staggering $15 billion.
Though the billionaire, Colin does not like to spend money on expensive things reportedly, he owns houses in almost every city in China.
Colin Zheng Huang | Lifestyle
As of March 2023 Colin Zheng Huang’s net worth is a whopping $15 billion.
Colin Zheng was born in Hangzhou, a city in the province of Zhejiang.
He was born in a middle-class family with his parents working in a local factory.
Colin joined Hangzhou Foreign Language School for secondary level education.
After that, he joined Zhejiang University to study computer science for his undergraduate studies.
Huang was sharp in his studies from early years and was selected as a fellow at Melton Foundation.
The foundation was established by the founder of American multi-national company Veriphone, Bill Melton.
Furthermore, Huang continued his study, joining Masters in computer science at the University of Wisconsin and graduating in 2004.
Colin Zheng Huang | Charity
According to the reports of Hurun Research Institute, Huang donated a staggering $1.85 billion to establish a foundation to promote social responsibility and scientific research.
The reports claimed that the billionaire donated money after the Chinese government came after the internet giant.
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Colin Zheng Huang | Career
Colin Huang, a hardworking student, joined Google as a software engineer and project manager in 2004.
As a member of Google, Colin played a significant role in setting up Google China.
Before PDD, Huang established an e-commerce called Ouku.com in 2007, selling mobile phones and electronic items online.
For a time, he also worked for a company WeChat.
Frustrated from lack of job satisfaction, he retired and developed a business idea for e-commerce which he later founded as PDD.
The company’s concept was developed after his study on Alibaba and Tencent Holdings.
After raising a fund of $8 million from a group of investors led by Banyan in 2015, Colin launched the app, making it one of the top internet companies in China.
Furthermore, an additional fund of about $100 million was raised in 2016, which made the platform more effective and facilitative for both sellers and consumers.
Huang stepped down as the CEO of PDD in July 2020 and minimized his shares at the company from 43.3% to 29.4%.
Three Facts About Colin Zheng Huang
- In March, Colin ranked 94th on the “2019 Forbes Global Rich List”.
- Colin was named the leading philanthropist on the Hurun Philanthropy List 2021 for his donations and charity for scientific research and social responsibility activities.
- Huang sold his startup, the e-commerce site Ouku for $2.2 million in 2010.
Where did Colin intern?
Huang interned at Microsoft in both Beijing and Seattle before joining Google.
Does Colin smoke?
Yes, Huang smokes.
How much percentage of his stake did Colin donate to the charity?
Huang donated 2.37% of his stakes to charities after he resigned from PDD as CEO.