Liu Yongxing Biography & Net Worth
|Popular Name:||Liu Yongxing|
|Real Name:||Liu Yongxing|
|Birth Date:||June 1948|
|Net Worth:||$10 Billion|
Hope Oriental Corporation Chairman Liu Yongxing is the subject of today’s biography article on our blog. We’re aware that some of our esteem readers may be interested in information regarding the Chinese businessman’s life and entrepreneurial activities. So we’ve stuffed this publication with nearly everything we could find about him.
Mr. Yongxing began his enterprise by repairing electrical products before he began making cash with his three brothers Liu Yongyan, Chen Yuxin, and Liu Yonghao, who were selling feed and quail in the rural area of Sichuan province in China in the early 1980s. The four hardworking and goal-oriented brothers established their Hope Group and since then, turned their company to one of the best private-sector success anecdotes in China at the beginning of the economic transformations during the tenure of Deng Xiaoping. However, the brothers turned business partners separated in the mid-1990s and pursued individual endeavors. Since then, Liu Yongxing’s East Hope Group with headquarters in Shanghai has grown into one of China’s biggest privately owned industrial materials producers. In addition to putting a minimum of $1 billion in aluminum and power complex in Xinjiang, the Yongxing cooperation has ventured into commercial real estate in Sichuan. The East Hope Group is also active in the agribusiness and in the chemical and non-ferrous metal industries as well, with its founder Liu Yongxing leading it as chairman and chief executive officer. More details follow below.
Early Life: Childhood, Education
Liu Yongxing was born in June 1948 in Sichuan, China. He has a sister named Liu Yonghong, and his three brothers are Chen Yuxin, Liu Yongyan, and Liu Yonghao. The siblings were raised poor and were able to support themselves by working as farmworkers of low social standing. There are no details regarding the identity of their parents and other relatives on the internet.
He graduated from Xihua University with a bachelor’s degree in business in 1968.
Professional Life: Business Career
In the late 1970s, Liu Yongxing and his three brothers started an electronics company that they had to close soon after. In 1982, the four brothers accumulated 1,000 RMB and started a new company called the “Hope Group.” The business consisted of hatching chickens and raising quail in the Sichuan Province. In 1986, they established the Hope Research Center for animal feeds.
The brothers split up Hope Group into four separate companies among themselves in 1995. Chen Yuxin took control of West Hope Group, Liu Yonghai went on with New Hope Group, and Continental Hope Group was Liu Yongyan’s to take. Liu Yongxing retained parts of the agricultural business of their former company and got involved in the aluminum and heavy chemical industry, which eventually led to the founding of East Hope Group, one of the largest aluminum producers in the world. He relocated his East Hope HQ to Shanghai, China in 1999. Three years later, he started his business in the Aluminum industry.
Achievements: Awards & honors
Mr. Liu Yongxing was awarded a “2001 CCTV Top 10 China’s Economic Leaders” award for his accomplishments in business. He also received a “Sohu 2001 Top 10 Financial Leaders” award.
Among many other things, Liu is the honorary president of the Shanghai Chamber of Commerce in Sichuan as well as a part-time professor at China Agricultural University. He is an MBA lecturer and a member of the Standing Committee of the CPPCC.
Personal Life: Wife, Children
Liu has been married to his wife for decades. She is a psychologist by training. They have one child together and reside in Shanghai, China.
Liu Yongxing Net Worth: Salary, Income Sources, Assets
Along with his three brothers Liu Yongyan, Chen Yuxin, and Liu Yonghao, Liu Yongxing is a billionaire. He is regarded among the wealthiest people in China with a net worth of 10 billion dollars.
He has always been inclined to committed work since he was young, and his character towards labor starting from his days as a rural farmworker probably helped him succeed in his professional career. The bulk of his wealth has been earned from the Hope Oriental Corporation which he currently heads as chairman and chief executive. His family owns East Hope Group which consists of agricultural and industrial materials businesses. As the chairman of East Hope Group, Mr. Liu is credited with all his family’s shares. In 2013 he was reported to have disclosed that the group had annual sales of over 11 billion dollars. A serial award winner, this businessman has been pivotal to the East Hope Group since he took control of significant positions. The corporation also has interests in energy, property, and aluminum production, among other things.