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Chen Fashu Net Worth

Chen Fashu Net Worth

Net Worth: $2.8 Billion

  • Source of Wealth New Huadu Industrial Group, Tsingtao Brewery
  • Birth Place China
  • Marital Status Married
  • Full Name Chen Fashu
  • Nationality China
  • Date of Birth 1960
  • Ethnicity Chinese
  • Occupation Businessman
  • Education China Europe International Business School
  • Children 4
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About Chen Fashu

Chinese businessman Chen Fashu has an estimated net worth of $2.8 billion as of April 2016, according to Forbes. He currently serves as the Chairman of the New Huadu Industrial Group.

In 2009, Chen Fashu was reported to have purchased a 12% stake at Yunnan Baiyao Group which was allegedly worth $2.2 billion. Yunnan Baiyao Group specializes in producing diverse commercial products like toothpaste and medicine. Yunnan Baiyao Group is actually a subsidiary of Yunnan Hongta Group. In the past 12 months, Chen Fashu’s fortune has significantly reduced due to the lowering prices of mineral accompanied by continuously rising cost.