Net Worth: $6.97 Billion
- Source of Wealth Food manufacturing
- Birth Place Fujian, China
- Marital Status Married
- Full Name Xu Shihui
- Nationality Chinese
- Occupation Chief Operating Officer
- Children 2 (Xu Yangyang, Xu Liangliang -deceased)
About Xu Shihui
Xu Shihui is a Chinese businessman with an estimated net worth of $6.97 billion in July 2017, according to Bloomberg.
Xu Shihui formed the Hui’an Meili Minzheng Food Factory in 1989. Three years later, he became the legal representative of Meili Food. In 1997, the company became known as Dali Foods Group.
He and his family acquired the company in 2000. They expanded it into six categories which include pastries, herbal teas, and energy drinks. Dali is the largest manufacturer of bread, cakes, and pastries in China. In November 2015, the company began trading on the Hong Kong stock exchange.
Xu Shihui is married and has two children; his daughter, Xu Yangyang is the vice president and executive director of Dali Foods Group, his son, Xu Liangliang died in a car accident in 2012.