China’s most expensive divorce case, $23.5 billion in assets makes her Canada’s 3rd richest person

Recently the ex-wife of the world’s richest man, Bezos, Mackenzie changed her name and has donated $5.8 billion since last year. She announced during her divorce that she was going to donate most of her assets, and her divorce from Bezos gave her a share of about $50 billion worth of assets, which made her the richest woman in the world.

But this woman is really something, she shared so much money, but then turned around and married an ordinary teacher, and then said she was going to donate most of her assets. Many American charities have received huge donations from Mackenzie in the last year, and a total of 500 charities have now received donations from her.

In fact, there are quite a few divorce cases similar to this sky-high price in China. For example, when Long Lake Real Estate owner Wu Yajun divorced her husband Cai Kui, Wu Yajun split about $20 billion in stocks to Cai Kui.

But now the divorce case between Chinese vaccine king Du Weimin and Yuan Liping has surpassed Wu Yajun’s divorce case with Cai Kui to become the most expensive divorce case in China. Du Weimin divided $23.5 billion worth of stocks to his ex-wife Yuan Liping, causing huge concern in the market. Yuan Liping has long immigrated to Canada for many years, so this move also made Yuan Liping the third richest person in Canada.

Yuan Liping has actually played an important role in Du Weimin’s company over the years, previously as deputy general manager, and then as a director of the company after the listing of Kangtai Bio. Yuan Liping graduated from a famous university in Beijing, in fact, the conditions are much better than Du Weimin, for the divorce of two people, the two people only said to the public emotional problems.

But because of Yuan Liping’s nationality issue, it still triggered a lot of speculation in the market. In fact, back to Du Weimin, he is also an outstanding entrepreneur. He really started with nothing.

Du Weimin was born in 1963, he is a native of Jiangxi, with the market value of Kangtai Bio soaring, before the divorce, Du Weimin has become the richest man in Jiangxi. Du Weimin’s parents were farmers, and Du Weimin did not do well in the college entrance exams, just attended a health school, and was then assigned to work at an epidemic prevention station.

In 1993, Du Weimin quit his iron rice bowl and went to sea, but at that time he did not have the ability to start a business, so he went to work for a private company as a vaccine salesman.

He was active and professional in this line of work, and soon achieved very good results, and he was gradually promoted from an ordinary salesman to become the sales manager of the company, and then to become the director, and finally to sit in the position of executive director.

In 2001, Du Weimin had accumulated enough experience in the industry and saved some money for himself, so Du Weimin acquired Guangzhou MENGYUAN Biological Company and started his own business path.

Later, Du Weimin seized an opportunity and started to make an outbreak. This opportunity was the production of hepatitis B vaccine. China used to be a big country where hepatitis B was prevalent. Later, with the help of the American company Merck Sharp & Dohme, China started to obtain the hepatitis B vaccine and began to produce it domestically.

However, by 2007, the former hepatitis B OEM giant, Shenzhen Kangtai Bio, was suffering from serious losses, with outdated equipment, single product and no market competitiveness.

In 2008, Du Weimin took the risk of acquiring 38.75% of the shares of Kangtai Bio, and became the actual controller of the company, which only cost Du Weimin tens of millions at that time. After that, Du Weimin acquired the shares of other shareholders one after another and took full control of the company.

Afterwards, Du Weimin made a series of reforms to the company, and in 2010, Du Weimin reached an agreement with a French company to obtain the support of advanced production technology. With the support of technology and equipment, the development of Kangtai Biologicals started to enter the fast lane and was successfully listed in 2017, becoming the largest hepatitis B vaccine manufacturer in China.

Since last year, the market value of Kangtai Biologicals has risen all the way, once exceeding 100 billion, which made Du Weiming once a billionaire with a wealth of 50 billion. But what was surprising was that in May last year, Du Weimin divorced his wife and generously divided $23.5 billion in stocks to her.

In fact, soon after Du Weiming started his business, his wife immigrated to Canada with his family and they have been living in Canada for many years. Du Weiming is still considered generous, such a large fortune without any arguments to share to his ex-wife.