Huang Shih Tsai Net Worth & Biography
|Popular Name:||Huang Shih Tsai|
|Real Name:||Huang Shih Tsai|
|Birth Date:||June 1951|
|Profession:||Businessman, Investor, Entrepreneur|
|Net Worth:||$3 Billion|
Huang Shih Tsai is a wealthy Hong Kong property developer who is ranked by several financial indexing websites as one of the richest businessmen in Hong Kong. He makes his wealth from the Great China International privately held investment company which he currently heads as its chairman and controls the day-to-day activities of the corporation.
Like many other notable businessmen in the world today, Chairman Huang had his own share of ups and downs in the business world. But one thing that the youth can always emulate from him is his resilience and inward desire to always fight to bring home the bacon. Those were the attributes that helped him find his way in the earlier stages of his career and also helped to propel him to great heights. He is now a billionaire three times over, and his legacy will remain in the hearts of all those who have profited from the abundance of his contributions to the finance industry. On this page, you’ll find every detail of this genius’s biography and triumphant career story if you read along.
Early Life: Childhood, Education
Huang Shih Tsai was born in Hong Kong in June 1951. He experienced his childhood in his home country and also pursued his education there.
He always believed in hard work as a little boy. His father, who was never against his dreams, encouraged him and provided both financial and moral support which he employed in the pursuit of achieving all that he ever wanted.
His career started after his graduation from the national university in Hong Kong, and the rest, as they say, is history.
Professional Life: Career History
Huang is the serving executive chairman of the Great China International Group’s board of directors. This is an international company that that is best described as a privately held investment firm. It invests in sectors like the real estate and media industries.
The Hong Kongese tycoon is one of the richest people in both Hong Kong and China courtesy of his smart business expertise and organizational abilities. Forbes magazine recently listed him as the 663rd wealthiest person on the planet with roughly 3 billion dollars worth of net assets.
Formerly, Huang served as a non-executive director for a while before being appointed Executive Director in 2013. He founded the Great China International Group set of investment companies back in 1987. This company is quite diverse in its roles and continues to expand every day, stepping into new sectors at every given opportunity and venturing into markets to which it previously didn’t have access. The group is the primary source of wealth for Huang Shih Tsai. Around 1994, Huang erected multiple residential projects in parts of Shenzen City. These residencies are considered welfare projects rather than profit-making ventures as they target the underprivileged, and are usually sold at low rates.
In addition to the Great China International Group which is known to be his main business, Huang also owns various other business ventures that also yield him decent profits. He is the owner of the International Finance Center, as well as hotels in Shenzen city and GC square.
He is considered a pioneer for initiating a residence program through property acquisition (PRTPA) scheme in rural China, where the poor and homeless are sold decently-built properties for flexible prices just so that they can have permanent housing. The idea was first executed in his Longzhu Garden Project and has been implemented in other areas since then.
The entrepreneurial mastermind has expanded his business through brilliant and new methods, and innovative ideas clearly set his establishments apart from the rest. He has bravely ventured into the international business scene, and in the process, moved away from his comfort zone into new and bigger markets, thereby becoming more visible and wealthier over time.
Personal Life: Marriage, Children, Private Interests
He is married and lives in Shenzhen, China, with his wife and their two children. He has included his family members in his business leadership committee, as they may have to take over from him one day.
Huang Shih Tsai Net Worth: Salary, Income Sources, Assets
By founding the Greater China Investment Group, Huang Shih Tsai created a huge a big new opportunity for himself and for those around him to continue to derive financial benefits for as long as the company continues to stand. He is currently the chairman of the privately held investment company, and his wealth stems from the real estate and media industries in Asia and North America
Huang Shih Tsai’s net worth is $3 billion. He also serves as the director of Waytung Global Group, a company that is managed by his daughter, Huang Wenxi.