2004 China Rich List
Zhang Yue - 2004 China Rich List:No.48
| 2004 wealth (US m): |
230 |
| 2003 wealth (US m): |
215 |
| age: | 44 |
| birthplace: | Changsha, Hunan |
| company: | Broad Air Conditioning |
| head office: | Beijing |
| industry: | Central air conditioners |
| listing: | None |
| personal info: | China’s power shortages have driven up demand for Broad’s natural gas air conditioner business this past year, while his central air conditioner business has kept ticking over. Paying taxes of more than US$12 million for the past eight years, Broad has 1,800 employees. A former art teacher, Zhang started out in 1992 with the development of an absorption chiller that fed his central air conditioning units today. Zhang, proud of having no debts, raised Broad’s image, when he became the first Mainland Chinese to own a private jet and took his helicopter license. |
| other list rank: |
