Liu Yongxing – Billionaire

Liu Yongxing (Chinese: 刘永行, born June 1948) is a Chinese businessman. He is the founder, chairman and CEO of East Hope Group, a Chinese company active in the agribusiness as well as chemical and non-ferrous metal industries. He is the honorary president of the Shanghai Chamber of Commerce in Sichuan, a part-time professor at China Agricultural University, MBA lecturer, and a member of the Standing Committee of the CPPCC.

Personal life

Liu Yongxing was born in Sichuan, China, and has three brothers, Liu Yongyan (刘永言), Chen Yuxin (陈育新) and Liu Yonghao (刘永好), as well as one sister, Liu Yonghong (刘永红). They started out as farm workers in low social standing due to their family background as wealthy landlords before the Cultural Revolution.

He graduated from Xihua University in 1968.

Liu’s wife is a psychologist by training, with whom he has one child. He resides in Shanghai.

Career

First business ventures

In the late 1970s, Liu and his brothers founded an electronics company that had to close soon after, as such business ventures were regarded as “too capitalistic” at the time. They then entered the animal feed business in 1982, when the four brothers established Hope Group, followed by the Hope Research Center for feedstuff in 1986.

East Hope Group

In 1992, Hope Group was split up into four separate companies among the siblings: West Hope Group (Chen Yuxin), New Hope Group (Liu Yonghai) and Continental Hope Group (Liu Yongyan). Liu Yongxing retained parts of the agricultural business and got involved in the heavy chemical and aluminium industry, which ultimately led to the founding of today’s East Hope Group in 1995, one of the largest aluminium producers worldwide.

Wealth

Liu Yongxing is regarded among the richest people in China. He was ranked #18 on Forbes’ China Rich List with a net worth of $6.6 billion, which also makes him the richest Shanghai resident. Bloomberg’s Billionaires Index ranked him at #93 globally with $12.3 billion. His brothers are also billionaires and owners of their own companies.

Source:wikipedia