Chinese Billionaire : Zhou Yaoting
, Zhou Yaoting regulates China’s Hodo Group, which has interests in garments, realty as well as finance.
Garments maker Hongdou has come a long means given that it wased established back in 1957 by Zhou Yaoting’s dad as a cotton handling operation with 3 workers in a rented out area near Wuxi.
Months after, local officials forced him to combine with two other companies into exactly what held a government-controlled cumulative. The family members with time redeemed federal government shares, leading the way for new development that has actually made the business one China’s biggest garments makers. His net worth is $2 B since 5/2/17.
Zhou Yaoting was bornon January 13, 1906 in Wuxi, China, China. Zhou Yaoting controls China’s Hodo Group, which has interests in apparel, real estate and finance. Apparel maker Hongdou had its humble beginnings in 1957 when Zhou Yaoting’s father founded the cotton processing operation with three employees. Months after, local officials forced him to merge with two other businesses into what was in effect a government-controlled collective. The family over time bought back government shares, paving the way for new growth that has made the business one China’s largest apparel makers.
Source:
- Forbes
- idolnetworth