Chinese entrepreneur Guangchang Guo is the Co-Founder and Chairman of Fosun Group who has an estimated net worth $8.73 billion as of January 2018. He is the 34th richest person in the list of Chinese Billionaires and 527th in the world.

Guangchang Guo accumulated his fortune from Fosun Group, one of China’s largest conglomerates with business interests in pharmaceuticals, real estate, steel, mining, retail, publishing, finance, and asset management. In October 2012, its generic drug maker Fosun Pharmaceuticals was listed in the Hong Kong stock exchange. Its stock has remained flat but the group’s stock price has advanced. Mr. Guo’s net worth was up by $300 million in the past year.

A graduate of Fudan University in 1989 with a B.A. Philosophy degree, he also received his MBA from the university. He is a Deputy to the Twelfth National People’s Congress of the People’s Republic of China, a Standing Committee Member of All-China Federation of Industry and Commerce as well as of All-China Youth Federation, and Honorary Chairman of Zhejiang Chamber of Commerce in Shanghai. He is also a dedicated philanthropist and currently serves as the Vice Chairpersons of China Glory Society, YouChange China Social Entrepreneur Foundation and Youth Business China Foundation.