Lu Zhiqiang
- Lu Zhiqiang chairs China Oceanwide Group of Beijing, a conglomerate active in real estate, finance and technology.
- Oceanwide invests in or controls China-listed businesses including Oceanwide Holdings, Minsheng Holdings, China Oceanwide Holdings, Minsheng Bank and Legend Holdings.
- In downtown Los Angeles it is building Oceanwide Plaza, a $1 billion residential and retail complex.
- Oceanwide announed in late October 2016 that it would buy U.S. insurer Genworth Financial for $2.7 billion.
Chinese businessman Lu Zhiqiang has an estimated net worth of $5 billion as of April 2016 according to Forbes. Lu Zhiqiang sits as the current chairman of China Oceanwide Group of Beijing which is considered as one of the largest non-government-controlled conglomerates in China. The conglomerate holds interests in real estate, financial services and computers. The company actually serves as an investor to companies like China Minsheng Banking, Lenovo and Oceanwide Real Estate. It also owns shares in other companies in diverse industries which include construction, insurance, banking, infrastructure, securities, energy, capital operation, electronic firefighting system, hotel, asset management, film & media, pawn-broking, strategic & venture investment as well as commodity trading.
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