Wednesday, 20 November 2013

9. He Xiangjian

Posted at  08:32  |  in  Richest man in China

  •  Net Worth: $6.8 B                                                                      
  •  Source of Wealth: appliance
  •  Citizen: China
  •  Age: 71

He Xiangjian is a founder of Midea Group, a manufacturer of home appliances. FORBES' estimate of his wealth has increased from $2.2 billion a year ago following a restructuring in which unlisted assets such as logistics operations were sold to its listed arm in exchange for stock. The reconfigured company, Midea Group, began trading on the Shenzhen Stock Exchange on Sept. 18.

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