What is Liu Yongxing’s Net Worth?
Liu Yongxing, a prominent Chinese businessman, has an estimated net worth of $9.9 billion. His wealth primarily stems from his ownership and leadership of East Hope Group, a diversified conglomerate based in Shanghai that operates in various sectors including aluminum production, energy, agriculture, chemicals, and real estate.
East Hope Group’s success is reflected in its substantial annual revenue, which surpassed 196 billion yuan (approximately $29.2 billion) in recent years. The conglomerate employs around 30,000 individuals and continues to expand its business interests across various industries.
Despite facing challenges, including environmental criticisms and regulatory penalties, Liu has maintained a focus on innovation and compliance with stringent standards to mitigate these issues.
Here’s the breakdown of Liu Yongxing’s net worth:
Name: | Liu Yongxing |
Net Worth: | $9.9 Billion |
Date of Birth: | 1948 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Early Life
Liu Yongxing was born in June 1948 in Sichuan, China. He grew up in a family of farm workers alongside his three brothers and one sister.
The Liu family faced significant hardships during the 1950s, including severe food shortages that led them to send one of their youngest children to be raised by another family.
Despite these challenges, Liu pursued education and graduated from Xihua University in 1968.
Career
In the early 1980s, Liu Yongxing and his brothers started a small quail-breeding farm. In 1982, they founded the Hope Group with an initial investment of 1,000 RMB (approximately $120 at the time). The business quickly expanded into animal feed production, becoming one of China’s largest private companies.
In 1995, the Hope Group was divided among the brothers, with Liu Yongxing taking control of what would become East Hope Group.
Under his leadership, East Hope Group diversified into heavy industries, particularly aluminum production. The company has grown into one of China’s largest privately held industrial materials manufacturers, with significant investments in aluminum and power complexes.
Awards and Honors
Liu Yongxing’s contributions to China’s economy have been widely recognized.
In 2002, he received the “2001 CCTV Top 10 China’s Economic Leaders” award and the “Sohu 2001 Top 10 Financial Leaders” award.
These accolades acknowledge his significant role in shaping China’s industrial landscape and economic growth.
Personal Life
Liu Yongxing is married to a psychologist, and they have one child. The family resides in Shanghai, where East Hope Group is headquartered.
Despite his immense wealth, Liu is known for maintaining a relatively low profile and leading a modest lifestyle.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
