Name: Sun Piaoyang
Date of birth: 09.01.1958
Type of business: Pharmaceutical entrepreneurship
Main Achievements: Sun Piaoyang is a billionaire who is at the 894th position on the list of all the billionaires of the world. He has an approximate net worth of $13.7 billion. He is the chairman of Jiangsu Hengrui, which is China’s largest pharmaceutical company. He is also a member of the 8th, 9th, and 10th Chinese Pharmacopoeia Commission, vice-chairman of Jiangsu Association for Science and Technology, and vice-chairman of Jiangsu Federation of Industry and Commerce.
Something interesting about the person: Despite being a billionaire, Sun is a professor at China Pharmaceutical University. He was a top student when he was studying in the same medical institution. He serves at several academic and social service institutions.
Sun was born in 1958 in Jiangsu province in China. After his early education, he did a bachelor’s degree in Medicinal Chemistry from China Pharmaceutical University in 1982. Further, he got his doctorate in Organic Chemistry from Nanjing University. He is a magnificent academician and business leader.
After his graduation, he was provided with a job by the government. He started working at a factory ran by the state in Lianyungang. This factory was later renamed as Jiangsu Hengrui Medicine. Sun’s life changed when he became the head of Jiangsu Hengrui as the state-ran industries went privatized in 1990. At the age of 32, Sun was elected by his colleagues to become the business leader of Jiangsu Hengrui. As soon as he became the leader of the company, it made miraculous progress because of his passion, determination and hard work. The company made revenues of more than Rmb100 million in 1996 and was introduced in public by 2000.
Sun always wanted his company to flourish, and he worked day and night for its progress. He has much management and leadership experience in pharmaceutical R&D. Being the head of the company, he has made Jiangsu Hengrui more innovative and globalized through his great skills. After three years, Sun began a management buyout of Jiangsu Hengrui in anti-tumor medicines in 2003, which had 21% shares from the government of China who become the biggest shareholder of the company.
Sun’s concentration and vision on the company’s productivity, quality, and innovation not only modified Jiangsu Hengrui but also had a great impact on the overall pharmaceutical industry of China. The medicines of his company have cured thousands of people in and beyond China. Sun has a strong determination and passion for fighting cancer. He is also trying to take this industry to a significant international level by entering into the markets of the U.S. In 2011, the U.S. Food and Drug Administration validated an antineoplastic injection produced by Jiangsu Hengrui. This was the first pharmaceutical manufacturer of China, which got the acceptance of injection from the FDA.
Today his asset has an approximate net worth of $2.6 billion. Sun Piaoyang is widely known for his enthusiastic determination to fight fatal diseases that take away the lives of hundreds of people per year. He says that his life has a purpose in a way that his life is meant to serve other lives. His company is not just a profit-making pharmaceutical company that earns money by selling its medicines; rather, it is a source of bringing back people from darkness under the bright lights again.
Sun says that if he got the chance to reincarnate, he will always serve people and help them in every life he gets to live. He is honored by the love and respect of the people of China and many more countries. His hard work has paid off, and today he is a successful businessman who is named as the 4th richest person in China. People praise him for the work he is doing and the efforts he is making for the success of the Chinese pharmaceutical industry.