Liu Yonghao
Born
Xinjin District, China
NationalityChinese
OccupationBusinessman

Liu Yonghao (Chinese: 刘永好; born 1952) is a businessman in agribusiness in China.[1][2][3] He is the founder and chairman of New Hope, the biggest animal feed producer in China.[4] He is also involved in banking.[5] As of 2019, He was ranked the 19th richest in China by Forbes in China.[6]

Early life

Liu Yonghao started his career teaching at a technical school. He and his three brothers quit their jobs in the government in 1982 to invest in breeding quails and chickens to sell to farmers in Sichuan province.[1]

In 1992, Liu and his brothers entered the animal feed business and founded the Hope Group.[1] By 2010, it was the largest animal feed group in China.[3]

Career

He helped established the China Minsheng Bank, and in 2011 he owned 7 per cent of that bank's shares.[1]

In 2011, Liu was vice-chairman of China Minsheng Bank and chairman of the New Hope Group. That year, the 2010 Forbes list of the 400 Chinese ranked him at Number 21, with his wealth estimated at $3 billion.[1]

In the same year, he told the Financial Times that he was focused on creating agricultural co-operatives to help peasant farmers industrialize their plots, and his company had set up 100 of them, and also set up underwriting companies to help peasant farmers get loans.[1]

In 2012, Fortune chose him as one of their 15 business people who had changed China.[7]

In 2013, his daughter Liu Chang succeeded him as chairman of New Hope Liuhe, one of China's largest agribusiness firms.[8]

He is a member of the Sino-Australia 100-Year Agricultural and Food Safety Partnership (ASA 100).[9]

In 2021, Forbes estimated his net worth to be $12.1 billion.[8]

Personal life

His older brother is Liu Yongxing.[1] He has one daughter.[10]

See also

References

  1. 1 2 3 4 5 6 7 Jamil Anderlini (2011-06-07). "Liu Yonghao: From Chicken Farmer to Billionaire". Financial Times. Retrieved 2020-05-15.
  2. ↑ "Fish Farms Are Next on Menu for New Hope's Billionaire Founder". Bloomberg. 2016-04-11. Archived from the original on 2017-02-14. Retrieved 2017-02-08.
  3. 1 2 "Liu Yonghao: A Billionaire from the Countryside". China.org.cn. 2010-03-10. Retrieved 2020-05-15.
  4. ↑ Chen Aizhu (2017-03-07). "China's New Hope Accelerating Fund Raising for Future Acquisitions". Reuters. Retrieved 2017-02-08.
  5. ↑ "China Agribusiness Tycoon Ventures Into Mobile Banking". Financial Times. 2016-07-03. Retrieved 2020-05-15.
  6. ↑ Flannery, Russell, ed. (2019-11-06). "China's Richest 2019". Forbes. Archived from the original on 2020-10-11. Retrieved 2020-10-11.
  7. ↑ Wang Yiding (2012-01-12). "15 Business People Who've Changed China". CNNMoney. Retrieved 2022-12-01.
  8. 1 2 "Liu Yonghao & Family". Forbes. Archived from the original on 2021-06-10. Retrieved 2021-06-10.
  9. ↑ "China's Liu Yonghao New Hope Door to Australian Dairy". The Australian. 2015-08-04. Retrieved 2022-12-02.
  10. ↑ Castro, Monica (2015-08-13). "Billionaire Liu Yonghao's Daughter Gets Married to Startup Director Sun Hao". Yibada. Archived from the original on 2017-06-18. Retrieved 2017-02-08.
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