Billionaires In The Chinese Medicine Industry

This past weekend, Forbes published a story about a billionaire family who's family fortune is growing due to their investments in Chinese herbal medicine.

The company, called Shijiazhuang Yiling Pharmaceutical gained 5.6% to close at 47.20 yuan, or $7.37. A rise 29% on its firstday of trading. Most of money will be used to expand production of Chinese herbal medicines for cardio-cerebrovascular illnessand the flu.

The Yilings 2010 revenuewas approximately 1.6 billion yuan last year.

The family of chairman Wu Yiling, who with his children own 59% of the herb company, is currently worth $1.7 billion.

Wu is a graduate of Hebei Medical University with a bachelors degree in Traditional Chinese Medicine, TCM, and also holds a mastersdegreein medicine fromthe Nanjing University of Chinese Medicine.

China had a record 115 billionaires on the 2011 Forbes Billionaires list published earlier this year. To have a family in the Chinese herbal medicine business shows the expansive growth of Chinese herbs both in China and around the world.


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