Bringing home the bacon: Pork boss Wan Long has been given a £214m pay deal
The owner of a giant pork processing factory has been given a £214million pay deal – bigger than many of the wealthiest Silicon Valley tycoons.
Virtually unknown Wan Long, 77, chairman and chief executive of WH Group in Hong Kong, was handed the cash last year.
It makes him one of the world’s best-paid businessmen.
Apple’s boss Tim Cook took home £9.5million last year.
Long started as a factory worker at the firm, but rose through the ranks and has transformed WH Group into the world’s biggest pork producer.
The company was formerly called Shuanghui Group but was renamed a year after it bought US rival Smithfield in 2013.
Long, estimated by Forbes to have amassed a £950million fortune, once reportedly said: ‘What I do is kill pigs and sell meat.’
He has told Chinese newspapers that he does not smoke or drink, and was focused only on running his company.