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Chinese billionaire Li Shuirong, known for founding Zhejiang Rongsheng Holding Group, a leading petrochemical company, marks his presence in the 2022 Forbes Billionaires List at 192nd with a fortune of $10.3 billion. Commencing with Yinong Network Chemical Fiber Factory in 1989, Li Shuirong's venture evolved significantly, notably after becoming China's first private oil refiner authorized to export refined oil in 2020.
July 01, 1956
69 years
Petrochemicals
Manufacturing
China
Hangzhou
Li Shuirong was born in 1966 in a small village in Zhejiang province, China. His early life was marked by the challenges of growing up in a rural area during a period of economic and social change in China.
Li Shuirong & family: Family
Li Shuirong comes from a humble family background. His parents were farmers, and he has several siblings. Despite the limited resources available to his family, Li Shuirong showed a strong determination to succeed from a young age.
Li Shuirong & family: Career Highlights
Li Shuirong's career journey began in 1989 when he founded Yinong Network Chemical Fiber Factory, which specialized in producing polyester fiber cloth. As the polyester industry shifted upstream, Li Shuirong saw an opportunity and founded Zhejiang Rongsheng Holding Group, a petrochemical producer.
Under Li Shuirong's leadership, Zhejiang Rongsheng Holding Group grew into a major player in the petrochemical industry. In 2020, the company achieved a significant milestone by becoming the first private oil refiner in China to obtain permission from the government to export refined oil products.
Li Shuirong & family: Companies
Li Shuirong is the Chairman of Zhejiang Rongsheng Holding Group, a leading petrochemical producer in China. The company has a diversified portfolio of businesses, including oil refining, petrochemical production, and textile manufacturing.
Li Shuirong & family: Major Achievements
Li Shuirong's major achievements include building Zhejiang Rongsheng Holding Group into a successful petrochemical enterprise and obtaining permission from the Chinese government to export refined oil products, a significant milestone for private oil refiners in China.
Li Shuirong & family: Awards & Achievements
Li Shuirong's contributions to the petrochemical industry have been recognized through various awards and honors. He has been named one of China's top entrepreneurs and has received awards for his leadership and innovation in the industry.
Li Shuirong & family: Personal Life & Legacy
Li Shuirong is known for his dedication to his work and his commitment to social responsibility.
He has made significant contributions to charitable causes and has supported educational initiatives in his home province of Zhejiang.
Li Shuirong & family: Trivia
Li Shuirong's success story serves as an inspiration to aspiring entrepreneurs in China and beyond. Despite facing challenges and limitations, he was able to build a multi-billion dollar business through hard work, determination, and a keen eye for opportunities.
Li Shuirong founded Yinong Network Chemical Fiber Factory, producing polyester fiber cloth.
Founded Zhejiang Rongsheng Holding Group after the polyester industry shifted upstream.
Zhejiang Rongsheng Holding Group became the first private oil refiner to obtain permission from the Chinese government to export refined oil products.
Li Shuirong made the Forbes Billionaires List with an estimated wealth of $10.3 billion, ranking 192nd.
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Who is Li Shuirong?
What is the Zhejiang Rongsheng Holding Group?
How did Li Shuirong start his career in the polyester industry?
What was a milestone achievement for Zhejiang Rongsheng Holding Group in 2020?
Where does Li Shuirong stand on the Forbes Billionaires List?