Ginkgo biloba is known as ‘living fossils’ as it is the only surviving member of ancient trees. Ginkgo fossils are being known from rocks as old as two hundred million years. This plant is native to China and scattered in broad leaved mixed-mesophytic forest up to 1,100 m and it is located on the border of the Yangtze River valley and on the hill country. The wild population is confined to the Zhejiang province, China. Some other parts also have wild population but those are not up to sufficient numbers. Flavonoids and terpenoids-lactones such as Ginkgolides and bilobalide are the active components and these are unique to the Ginkgo. Plants are used for bladder inflammation and pulmonary disorders, heart abnormalities, skin infections and neurodegenerative disorders. A Ginkgo product by the name of Tebonin is a leading herbal medicine in market. So the consumption of this plant worldwide is very high due to which plant is facing great threats towards its extinction. Ginkgo biloba is listed as endangered plant in the IUCN red list of threatened species. There is hardly any wild population of Ginkgo exists, majority of the trees are existing in the cultivated form and million of the dollar industry has cashed in based on the medicinal properties of the leaves. Resultantly it is possible that this living fossil will survive the short of time. A recommendation for its preservation is that there should be some steps to increase the size of wild populations.