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#186 Billionaire

Lin Muqin & family

$13.9B
$-374M (-2.6%)
CN · Age 62
Source of wealth: Beverages
Industry: food-beverage
Residence: Shenzhen, CN
{ "bio": [ "Lin Muqin is the chairman and CEO of Shanghai-listed energy drinks maker Eastroc Beverage.", "The mogul started out as a technician at a state-owned construction firm, and later found a job at a Shenzhen-based beverage company.", "In 1997 he joined Eastroc, then a state-run beverage business, as its vice president. Lin reportedly scraped together more than 4 million yuan ($570,000) to acquire that firm in early 2000s.", "The mogul soon focused on making energy drinks. He managed to build Eastroc into China's second-largest energy drinks maker by sales partly through offering products at cheaper prices.", "In recent years Eastroc has been diversifying into other market segments including coffee and tea-based beverages." ], "about": [] }

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