2019's new billionaires — and those who lost their billionaire status - Business Insider

The company said Tse's parents told the board they transferred the shares to Tse to"refine the management and inheritance of family wealth" and planned for Tse to"hold the relevant shares in long-term." But Sino Biopharmaceutical said Tse's new status would"not have any material impact on the business operations of the Company.

"Tse"indicated that in response to nomination for Billionaire List or wealth ranking organized by media or other organizations, he will endeavor not to participate in such rankings in his own name, and would recommend participating in such nominations in the name of the Tse Ping family,"Oracle co-CEO Safra Catz is one of only a few people to become a billionaire from a company she did not found.

Wow, how incredible. Congrats!

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