2004 China Rich List
Shen Wenrong - 2004 China Rich List:No.66
| 2004 wealth (US m): |
180 |
| 2003 wealth (US m): |
155 |
| age: | 58 |
| birthplace: | Zhangjiagang, Jiangsu |
| company: | Jiangsu Shagang Group |
| head office: | Jiangsu |
| industry: | Iron and steel |
| listing: | None |
| personal info: | In an effort to guarantee the supply of iron ore for its steel mill, Shagang this spring acquired a 10% stake in an Australian mine and has become the first of the major steel producers to export steel billets. With sales last year of US$2.5 billion (2002: US$1.75 billion) and paying taxes of more than US$60 million, Shagang has 9,500 employees. Taking charge of Shagang in 1984, Shen in 2001 led a management buy-out. Previously vice-secretary to his local CCP committee, Shen was a delegate to the 16th Party Congress and is a delegate to the National People’s Congress for a second term. |
| other list rank: |
