What is Michael Ying's Net Worth?
Michael Ying is a Hong Kong businessman who has a net worth of $2.9 billion. A former chairman and chief executive officer of Esprit Holdings Limited, this self-made billionaire has established himself as a business magnate, leader and philanthropist. When he left his position at the publicly owned retailer Espirit to actively involve himself in philanthropy, everyone was taken aback.
Even though he reduced his stake in the company in recent years and pocketed more than $2 billion along the way, Ying is still the largest individual shareholder, with a 15% stake. It was in 2006 that he started his Yanai Foundation, through which he has pursued a wide range of philanthropic endeavors. Born in December 1949, Michael Ying is a husband and a father of three.
