Feng Hailiang – Billionaire

• Feng Hailiang chairs the Zhejiang-based Hailiang Group; its businesses interests include copper smelting, real estate, education and agribusiness.
• Feng started a trading company in 1985, followed by a copper products factory in 1989; the latter was the predecessor of Hailiang Group.

Chinese businessman Feng Hailiang has an estimated net worth of $2.1 billion as of May 2016 according to Forbes. Most of Hailiang’s wealth is derived from his massive investments in copper processing and real estate industries.

Based in Zhuji, Zhejiang Province, Hailiang Group owns Zhejiang Hailiang, a copper processing company that went public in 2008 on the Shenzhen Stock Exchange. Hailiang Group is considered as China’s largest private enterprise of brass and copper products. Founded in 1989, the company has expanded into non-ferrous metal trade, education, real estate, plumbing plastic pipe manufacturing, machine building and hotel business in the last 20 years. Feng Hailiang is also a stakeholder at Sichuan Golden Summit Group, a cement outfit company currently listed in China.

Furthermore, Feng Hailiang also holds interests in education and real estate industries in numerous locations which include Inner Mongolia, Shanghai, Ningxia, Tibet and Chongqing.

Source:

1. forbes
2. therichest