Source of Wealth:Real Estate
Full Name:Huang Rulun
Occupation:Chairman of Century Golden Resources Group
About Huang Rulun
Known as China’s Carnegie, Huang Rulun is the Chairman of Century Golden Resources Group who has an estimated net worth of $3.6 billion as of April 2016 according to Forbes. He is the 24th richest person in the list of Chinese billionaires and 527th in the world.
Most of Rulun’s estimated net worth of $3.6 billion came from Century Golden Resources Group, one of China’s largest real estate developers. It has 14 five-star hotels and six shopping malls with a total of 75 million square feet of property built over the years. Aside from real estate, the company also has interest in mining and manages around 10,000 people.
Mr. Huang Rulun began his business in the Philippines in 1986. He then returned to China in 1991 and started investing in real estate. He also has minority stakes in New China Life insurance and the Bank of Beijing. In October, Century Golden Resources Group has agreed to pay $32 million for a 10% stake in the newly established Fuzhou Airlines.
Huang Rulun currently serves as the vice president of China General Chamber of Commerce. He also had various contributions to charities and is considered as one of China’s most generous philanthropists. In January, the company announced its support in the construction of an art museum at Tsinghua University in Beijing.