Net Worth: $16 Billion
- Source of Wealth Agribusiness
- Birth Place Xinjin County, Sichuan Province, China
- Marital Status Married
- Full Name Liu Yongxing
- Nationality Chinese
- Date of Birth 1948
- Ethnicity Chinese
- Occupation Businessman, Chairman of Hope Group and East Hope Group, Honorary Chairman of Shanghai Sichuan Chamber of Commerce, and member of CPPCC Standing Committee of Shanghai Pudong New Area
- Children 1
About Liu Yongxing
Liu Yongxing is the Hope Oriental Corporation Chairman and has a net worth of $16 billion in September 2017, according to Bloomberg. He began his venture by repairing electrical products before he started making cash with his three brothers Chen Yuxin, Liu Yonghao and Liu Yongyan, who were selling quail and feed in the rural of Sichuan province in the early 1980’s.
They established their hope group and ever since, turned their company to one of the country’s best private sector success anecdotes at the beginning of the economic transformations during Deng Xiaoping tenure. In the mid 1990’s, each of these four brothers parted and went their own ways.
Since then, the East Hope Group of Liu Yongxing with headquarter in Shanghai, has developed into one of the biggest privately owned industrial materials manufactures in China. The Yongxing’s cooperation is putting at least $1 billion in an aluminum as well as power complex in Xinjiang. In addition, it is venturing into commercial real estate in the capital of Sichuan.