2004 China Rich List
Li Zhaohui - 2004 China Rich List:No.19
| 2004 wealth (US m): |
360 |
| 2003 wealth (US m): |
290 |
| age: | 23 |
| birthplace: | Yuncheng, Shanxi |
| company: | Shanxi Haixin Iron and Steel Group |
| head office: | Shanxi |
| industry: | Steel Products |
| listing: | None |
| personal info: | This past year has seen Haixin win a key contract to supply steel bars to a bridge in Hangzhou against fierce competition from all the big state-owned players. Haixin plans to open a power generator for its own use and start a new line of steel for the automotive industry. With sales doubling again last year on the back of China’s building boom to US$600 million (2002: US$325 million) and paying taxes of US$45 million (US$15 million), Haixin now has 10,150 employees. The youngest on our list again this year, Li became the first to inherit a significant fortune in China after the untimely death of his father early last year. |
| other list rank: |
