2004 China Rich List
Guo Guangchang - 2004 China Rich List:No.17
| 2004 wealth (US m): |
400 |
| 2003 wealth (US m): |
385 |
| age: | 37 |
| birthplace: | Dongyang, Zhejiang |
| company: | Fosun High-Tech Group |
| head office: | Shanghai |
| industry: | Steel, Shanghai real estate and pharmaceuticals |
| listing: | Shanghai - 600196 Shanghai Fosun Industrial (August 1998), Shanghai - 600655 Yuyuan Tourist Mart (November 2001), Shanghai - 600282 Nanjing Iron & Steel (April 2003), Hong Kong – 2337 Shanghai Forte (February 2004) |
| personal info: | The austerity drive this summer and the failure of Shanghai-based D’Long have put the spotlight onto Fuxing’s cashflows. An astute investor, Guo this year succeeded in raising US$220 million from listing his Forte real estate in Hong Kong, which has been expanding to Beijing, Nanjing and Wuhan, and has seen his Nanjing Iron and Steel business bring in healthy profits. Today, Fosun’s interests span steel, real estate, pharmaceuticals, retail and media, with last year of US$1.7 billion (2002: US$1.2 billion) and 26,000 employees. A delegate to the previous Chinese People's Political Consultative Conference, Guo is now a delegate to the National People's Congress. |
| other list rank: |
