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Business trends

Soaring pork price propels pig farmers up China's rich list

Qin Yinglin sees net worth triple to $14bn amid African Swine Fever

The wealth of some of China's largest producers of pig feed and pork has soared as prices of the meat have climbed amid a disease epidemic.   © Reuters

SHANGHAI -- China's African swine fever epidemic has devastated the country's pig herds, but the boost it has given to pork prices has shaken up the ranks of the nation's wealthy just as much as string of successful initial public offerings in Hong Kong.

Pig farmer Qin Yinglin of Muyuan Foods and his wife Qian Ying soared to No. 15 from No. 70 on the annual ranking of the country's wealthiest people, compiled by Shanghai-based Hurun Research Institute, as their assessed net worth nearly tripled to $14 billion. Qin started his herd in 1992 and Muyuan now is the largest pig farm operator in the country.

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