Creator, Transfar Team
ACTUAL TIME TOTAL ASSETS– since 4/19/17
$ 5.2 B.
Xu Chuanhua started as a business owner in 1986 at age 52 as a provider of fluid soap and also cleaning agent.
Xu runs out everyday ; his kids Guanju and also Guanbao are chairman and also vice chairman of Transfar Team.
Today, his Transfar Team creates the majority of its company in logistics as well as chemicals.
About Xu Chuanhua
Xu Chuanhua is a Chinese businessman who has an estimated net worth of $5.6 billion as of March 207, according to Bloomberg.
Xu Chuanhua worked as a salesman for a local company. In 1986, he left his job and decided to borrow 2,000 yuan to start his business venture. After a year, his liquid soap business grew swiftly and was able to repay their debt.
In 1995, Transfar Group was established and expanded their products to textile, household and agricultural chemicals. Nine years later, the company’s unit, Transfar Zhilian listed on the Shenzhen stock exchange. They acquired Xinan Chemical in 2005.
Xu Chuanhua was born in Hangzhou, China in 1935.
Source:
- Forbes
- therichest