Nan Cunhui – Billionaire

• Nan Cunhui chairs Zhejiang Chint Electrics, a supplier of meters and power transmission equipment.
• Nan is a member of the standing committee of the All-China Federation of Industry and Commerce, chairman of Zhejiang Federation of Industry and Commerce and president of Zhejiang Chamber of Commerce.

Chinese businessman Nan Cunhui has an estimated net worth of $1.06 billion in May 2016 according to Forbes. He currently serves as the Chairman of Chint Group which is considered as one of China’s most competitive companies. Aside from being the founder and Chairman of CHINT, Nan Cunhui has been serving as the company’s president since 2005. In addition to being the president of Zhejiang Chamber of Commerce, Nan Cunhui also chairs the Zhejiang Federation of Industry and Commerce.

In 1994, Nan Cunhui founded the predecessor of CHINT. Initially, the company was involved in switch manufacturing. Today, CHINT is considered as one of the largest manufacturers of industrial electrical equipment in China. With over 29,000 employees working for them, the company currently owns over $30 billion of assets.

Source:

1. forbes
2. therichest