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This Billionaire Used to Work in a Coal Mine in China. He Now Owns Australian Racing’s Biggest Empire

Billionaire Yuesheng Zhang is the man behind Yulong Investments, Australia’s biggest racing empire. Little is known about Zhang and he rarely speaks publicly despite his dominance of the Australian racing scene. His horses Via Sistina and Treasurethe Moment are favourites for the Cox Plate on Saturday in Victoria’s Spring Racing Carnival. Yulong means jade dragon in Chinese. Seven will show the Cox Plate live from Mooney Valley and livestreamed …

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drf.com broke the news in on Wednesday, October 22, 2025.
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