2004 China Retail Rich List
Guo Guangchang - 2004 China Retail Rich List:No.19
| wealth (US m) | 60 |
| age: | 37 |
| birthplace: | Dongyang, Zhejiang |
| company: | Fosun High-Tech Group |
| head office: | Shanghai |
| industry: | Supermarkets and department stores |
| 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. |
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