Chinese businessman Sun Guangxin is the Chairman of Xinjiang Guanghui Industry Investment Group and has an estimated net worth of $4.9 billion as of April 2016 according to Forbes. He is the fourteenth wealthiest person on the China Rich List, and 329th in the World Billionaires List.

Mr. Guangxin has earned most of his estimated net worth from the conglomerate with large energy, real estate, and auto distribution businesses. In 1993, he began his real estate business, which has become one of the biggest developers in Northwest China. His Grand Auto chain has more than 400 locations in 18 provinces. Guanghui Energy, which is Shanghai-listed, invests in China and Kazakhstan and is also active in coal mining.

Last year, Guangxin’s shares were up by more than 50% and this led to an increase of his net worth by around $1 billion compared to a year ago. His other companies have also contributed about $700 million through debt sales in recent months.