Huang Rulun is a Chinese billionaire, head of the privately held real estate developer, Century Golden Resources Group.
In May 2015, Forbes estimated his net worth at $4.0 billion.
Early life
Huang was born to a poor family in the town of Lianjiang in Fujian, China. Huang initially worked as a street vendor in China.
Business career
As a trader in the Philippines
In 1986 Huang went to the Philippines where he had a successful stint as a trader.
Return to China
At age 40, Huang moved back to China and established the Fuzhou Golden Resource Property Corporation. His company had a joint venture with the local government of Fuzhou to build his first project, the Guotai Tower amidst a commercial property boom in Southern China in the early 1990s. Huang built more commercial properties in the next three years. During this period he also started to build residential projects before new resrictions on commercial development was imposed in 1994. Huang did not rely much on outside financing as he prefers to use his own capital.
Huang Rulun Net Worth: Huang Rulun is a Chinese real estate tycoon who has a net worth of $2.75 Billion. Born in 1951, he made his fortune as the Chairman of Century Golden Resources, one of China’s leading real estate developers. In 1986, Huang Rulun launched his company in the Philippines, and five years later, he returned to China and invested in property. Over the years, he has invested more than $34 billion in assets that currently, include 14 five-star hotels and six shopping malls with approximately 75 million square feet of area. Besides real estate, the company holds interets in mining and has about 10,000 employees. Moreover, Rulun has shares in New China Life insurance, Fuzhou Airlines and the Bank of Beijing. Now, he serves as the Vice-President of China General Chamber of Commerce, and he is also famous for his philanthropic work.
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