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Yan was born in 1960 in the coastal province of Jiangsu. He is the Chairman of boarding Unit, China Pacific Construction Group. Yan was ranked as China's second-richest man by analyst Hu Run with a personal wealth of US$1.25 billion in 2005. He is the youngest of nine children. His parents were schoolteachers. As the chaos of the Cultural Revolution exploded in the mid-1960s, Yan's family was sent to a poor village. In his 20s, Yan was a schoolteacher on track to become an administrator at a high school in his hometown of Huaian. In 1986, with China early in its economic transformation, he joined those "jumping into the sea," relinquishing the stability of the state system for the new business world.
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