Li Shuirong & family

$9.3B

$154.5M (-1.6%)

as of 07/02/24

About Li Shuirong & family

Li Shuirong chairs Zhejiang Rongsheng Holding Group, which has interests in petrochemicals, logistics and real estate.

Li, who previously tried to make a living as a carpenter, started his first business in 1989 after spotting an opportunity in the polyester fiber cloth market.

Li's son-in-law, Xiang Jiongjiong, is the CEO of the group's Shenzhen-listed arm Rongsheng Petrochemical.

In July 2023 Rongsheng Petrochemical inked a strategic partnership with Saudi Aramco, with the energy and chemicals giant acquiring a 10% stake in the former for $3.4 billion.

Personal stats

Citizenship

People's Republic of China

Source of wealth

Petrochemicals

Residence

Hangzhou, People's Republic of China

Marital status

Married

Birth date

07/01/56 (age 68)

Number of children

Self-made

self-made