Xu Jingren (Chinese: 徐镜人) birthed 1944, is the chairman as well as president of Yangtze River Drug Team, National People’s Congress delegate and also honorary vice-minister in China’s Ministry of Wellness, and also co-president of Beijing SL Drug, which he established with nephew Xu Mingbo. Xu has actually been an outspoken research study leader in China, where he has actually regularly asked for labor reform and also company policy. Since 2015, his approximated total assets is USD$ 1.9 billion, among 4 relative to be listed among the globe’s most affluent. Co-investor Xu Mingbo was additionally acknowledged (USD$ 1.1 billion).
Family members
The Xu family members project capitalists in varied sectors. Along with regulating stakes in Yangtze River Drug Team and also Beijing SL Pharmaceuticals, Jingren chairs YRPG’s 22 subsidiaries throughout Southeast Asia. His child Xu Haoyu is the biggest exclusive investor of China Eastern Airlines, based in Shanghai, China.
Xu’s little girl, a biotechnological researcher and also medical professional in the USA, bargained the sale of bulk possession in research study subsidiary ShangPharma, as well as holds board collaborations in China Telecommunications [11] in addition to Fosun Drug. Her child, Aaron, is presently an undergraduate trainee in the USA. He maintains a minority in re-branded ShangPharma/ChemPartner, as well as in 2015 presented the team’s brand-new in Shanghai and also San Francisco together with Chief Executive Officer Michael Hui. Shang likewise obtained an unrevealed percent of French resort
driver Club Medication after moneying a section of the 80% costs that brand-new proprietor Fosun International paid complying with a lengthy bidding process battle.
The household were kept in mind sufferers of the 2015 Chinese securities market accident, throughout which they lost around 40% of their formerly approximated USD$ 8 billion integrated total assets. Regardless of this, Xu Jingren as well as his family members remain to be stated as one of China’s leading “vampire billionaire” family members, with dramatically hidden financial investments made to maintain a reduced when faced with extensive federal government company and also economic law. Informal estimates have actually tabbed their wide range as high as USD$ 13 billion.
Xu Jingren Net Worth: Xu Jingren is a Chinese businessman who has a net worth of $2 billion. Xu Jingren chairs privately held Yangtze River Pharmaceutical Group of Jiangsu Province, whose products include antibiotics, chemotherapy, cardiovascular and digestive drugs. The company has more than 9,300 employees and $2 billion in total assets, the second largest (by sales) within China’s pharmaceutical industry. Jingren’s son, Haoyu, is vice chairman. Jingren is a member of the National People’s Congress.
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