Net Worth
$12B
Global Rank
#86
Source
East Hope Group
Country
China
$How Liu Yongxing Built Their Fortune
Liu Yongxing is a pioneering Chinese industrialist and the founder of East Hope Group, one of China's largest private conglomerates with major operations in animal feed, heavy chemicals, aluminum production, and real estate. His extraordinary journey from rural poverty to becoming one of China's wealthiest individuals embodies the transformative spirit of Chinese entrepreneurship. Together with his three brothers — the famous Liu brothers of Sichuan — he helped launch one of China's earliest private enterprises in the reform era, and his subsequent solo ventures have been equally impressive.
Born in the rural countryside of Sichuan Province, Liu Yongxing and his brothers pooled their savings to start a quail and pig farming operation in 1982, just as China's economic reforms were beginning to unlock private enterprise. That modest beginning grew into the Hope Group, China's largest animal feed company. In 1995, Liu Yongxing struck out on his own to found East Hope Group, focusing initially on feed production in eastern China before diversifying into heavy industry with remarkable success.
Liu's strategic expansion into aluminum production and petrochemicals demonstrated his exceptional ability to identify industries where China's growing economy would create enormous demand. East Hope Group became one of China's most efficient aluminum producers, leveraging low-cost energy sources and modern technology to compete at a global scale. His disciplined approach to capital allocation and his willingness to enter challenging heavy industries set him apart from many of his contemporaries who focused on lighter, consumer-facing sectors. Liu Yongxing's story is a testament to what vision, hard work, and strategic thinking can achieve in a rapidly growing economy.
vs$12B in Perspective
To put Liu Yongxing's $12B fortune into context, here's what that wealth could buy:
Median U.S. household incomes
At $59,384/year
Median U.S. homes
At $420,000 each
Tesla Model 3s
At $38,990 each
Four-year college degrees
At $108,000 average
NFL franchises
At $4.7B average
Private islands
At $15,000,000 each
Key Wealth Milestones
1982
Together with his three brothers, started a quail and pig farming business in Sichuan Province, one of the earliest private enterprises in reform-era China.
1995
Founded East Hope Group independently, establishing feed operations in eastern China and beginning to build his own industrial empire.
2002
Made the strategic decision to diversify into heavy chemicals and aluminum production, positioning East Hope Group for China's infrastructure boom.
2010
Expanded aluminum production capacity significantly in Xinjiang and other regions with low-cost energy, achieving major cost advantages.
2018
Continued to invest in petrochemical and new material operations, further diversifying East Hope Group's industrial portfolio.
Where Liu Yongxing Ranks
Top 49% of the world's wealthiest · 167 tracked
Nearest by Rank
Richest People in China
Liu Yongxing on Wealth & Success
“Starting from nothing teaches you to value every opportunity. In China, we had the greatest opportunity in history — to build something from scratch.”
“Success in heavy industry requires patience, precision, and a willingness to invest before the returns are visible.”
“The foundation of our company is simple: work harder than anyone else and never stop improving.”
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AI-Generated Content — This profile was created using AI and publicly available sources. While we strive for accuracy, details may contain errors or be outdated. Quotes may be paraphrased or taken out of context. Achievements and figures are based on public reporting and may not be precise. This profile does not imply endorsement by the individual featured. Not financial advice.