Lu Guanqiu (Chinese: 鲁冠球; born January 1945) is a Chinese entrepreneur. He is the 18th richest person in Mainland China, according to the Hurun Report China Rich List 2013. He is the 286th richest person in the world, and reportedly the richest person in Zhejiang Province. He is a delegate to the Chinese National People’s Congress.
Biography
Lu was born in January 1945 in Yuhang, Hangzhou, Zhejiang Province, into a peasant family. When he was 15 years old, he dropped out of school and became an ironsmith. In July 1969, he co-founded a factory with six other peasants, producing small agricultural machines. Lu later developed his factory into the present Wanxiang Group. It eventually became a large manufacturing conglomerate and a leading producer of automobile facilities and components.
Lu is currently the President of the Board of the Wanxiang Group. His headquarters are in Xiaoshan District, Hangzhou, Zhejiang Province. Lu is also a part-time professor for the EMBA program at Zhejiang University. He also was awarded an honorary doctorate from the Hong Kong Polytechnic University.
According to the Forbes Mainland China Rich List (福佈斯中國富豪榜), Lu was ranked No. 33 with 13.13 billion Chinese Yuan (approximately US$ 1.87 billion). Lu is currently the richest individual living in Zhejiang Province.
Lu Guanqiu Net Worth: Lu Guanqiu is a Chinese entrepreneur who has a net worth of $4.2 billion. Reportedly the richest person in Zhejiang Province, China, he is the chair of Wanxiang Group, one the oldest and largest private sector conglomerates in China. Born in January 1945 in Yuhang, Hangzhou, Zhejiang Province, he was the son of a poor peasant. He dropped out of school to become ironsmith at the age of 15. Having united with six other peasants from his province, Lu Guanqiu started a factory for production of small agricultural machines in July 1969. Under his guidance, that factory eventually turned into the Wanxiang Group of today, i.e., a large manufacturing conglomerate and a chief maker of automobile facilities and components. Now holding the President seat at the Board of the Wanxiang Group, he was honored with an honorary doctorate from the Hong Kong Polytechnic University. He also serves as a part-time professor for the EMBA program at Zhejiang University. Married with four children, Lu Guanqiu currently resides in Hangzhou, China.
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