2004 China Rich List
Shi Yuzhu - 2004 China Rich List:No.66
| 2004 wealth (US m): |
180 |
| 2003 wealth (US m): |
- |
| age: | 42 |
| birthplace: | Huaiyuan, Anhui |
| company: | Giant Investments |
| head office: | Shanghai |
| industry: | Health products, investments |
| listing: | Hong Kong – 409 Stone Group Holdings (December 2003) |
| personal info: | Rehabilitated. From one of China’s most famous bankrupts to the China Rich list. This past year has seen Shi inject 75% of his Naobaijin and GoldPartner health product brands into the HK-listed Stone Group Holdings run by his old friend Duan Yongji in exchange for 38% of the listed company and US$70 million of cash. Since then, Stone Holdings has been on an acquisition spree for nutrition brands. On leaving a state-run software company, Shi in 1989 set up his own software business, soon expanding to the well known Naohuangjin health product and real estate. Two years later, Shi started up again, this time with a new health product, Naobaijin. Giant first failure is a case study for the dangers of overextension in China’s nineties. |
| other list rank: |
