Qi Shi is the founder and chairman of East Money Information, an online broker and financial information provider. The Shanghai-based company's website offers financial news, stock information and transaction assistance to investors in China. It reported revenue of 12.5 billion yuan ($1.9 billion) in 2022.
The majority of Qi's wealth is derived from his stake in East Money Information, an online broker and financial information provider.
Qi owns his 23% stake directly, through his father and his wife Lu Lili, according to an analysis of the company's 2023 third-quarter report.
Through his wife, Qi also controls 8% of Wanda Film Holding, a cinema operator and film production company, according to an Aug. 5, 2023 filing.
A liability is included based on an analysis of dividends, insider transactions, taxes and market performance.
Huang Jianhai, a spokesperson for the company, didn't respond to a request for comment on the net worth calculation.
Qi was born in 1970. He earned a bachelors degree from Shanghai Jiaotong University as well as a MBA and doctorate in literature from Fudan University.
After working at a futures company, Qi established Shanghai Dong Cai Information Technology in 2005, the predecessor to East Money Information. The company was established to provide news and information to China's growing community of investors.
East Money Information became a publicly traded company in 2010 when it joined the Shenzhen exchange.