Liu Zhongtian & family

$1.80 B

Ranked #1645 in World

About Liu Zhongtian & family

Liu Zhongtian, a Chinese-Maltese billionaire and founder of China Zhongwang Holdings Limited, the world's second-largest industrial aluminum extrusion firm, has had a decades-long career marked by innovation and controversy. Since establishing China Zhongwang in 1993 and leading it until November 2017, Liu's business strategies have been underscored by his prior entrepreneurial ventures. However, his enterprises faced significant legal scrutiny in 2021 when US authorities uncovered a $1.8 billion tariff-evasion plot, leading to a hefty group fine and subsequent bankruptcy in 2022 due to debt-heavy expansion tactics. Despite these challenges, Liu, a family man and Malta citizen, continues to reside in Liaoyang, China.

Born

February 01, 1964 in Liaoyang, China

Age

62 years

Source Of Wealth

Aluminum Products

Industries

Manufacturing

Citizenship

China

Residence

Liaoyang

Education

Diploma, Liaoning Radio and TV University

Liu Zhongtian, a prominent Chinese-Maltese billionaire businessman, was born and raised in Liaoyang, China. Details about his early years and childhood remain private.

Liu Zhongtian & family: Family

Information regarding Liu Zhongtian's family background and personal life is not publicly available.

Liu Zhongtian & family: Career Highlights

Liu Zhongtian's career is marked by significant achievements in the business world. In 1993, he founded China Zhongwang Holdings Limited, which rose to become the world's second-largest industrial aluminum extrusion company. He served as the company's chairman and president, driving its growth and success. In March 2016, he stepped down as president but continued as chairman until November 2017.

Prior to establishing China Zhongwang, Liu Zhongtian held leadership positions in several other companies. He was the founder and chairman of Liaoyang Factory, Futian Chemical, Hong Cheng, and Liaoning Cheng Cheng Plastics, demonstrating his entrepreneurial spirit and diverse business interests.

Liu Zhongtian & family: Companies

Liu Zhongtian's business ventures include the following companies:

China Zhongwang Holdings Limited
Liaoyang Factory
Futian Chemical
Hong Cheng
Liaoning Cheng Cheng Plastics

Liu Zhongtian & family: Major Achievements

Liu Zhongtian's major achievements include:

Founding China Zhongwang Holdings Limited and transforming it into a global leader in the aluminum extrusion industry.
Driving the growth and success of several other companies in various sectors.
Becoming a prominent figure in the business community, recognized for his entrepreneurial acumen and leadership.

Liu Zhongtian & family: Awards & Achievements

Information about specific awards and achievements received by Liu Zhongtian is not publicly available.

Liu Zhongtian & family: Personal Life & Legacy

Liu Zhongtian leads a private personal life and resides in Liaoyang, China. He holds citizenship in Malta, which he acquired through an investment program.

Liu Zhongtian & family: Trivia

Liu Zhongtian's companies were involved in a significant legal case in the United States. In 2021, US authorities indicted six of his companies for a $1.8 billion tariff-evasion scheme.

Aluminum extrusions were disguised as pallets to avoid anti-dumping duties and stockpiled in warehouses in Southern California. The companies were accused of faking sales through a shell company. As a result, the group was fined $1.8 billion, leading to bankruptcy in 2022. It was revealed that the company's growth was primarily driven by debt-fueled acquisitions.

Wealth History

Timeline

1993

Liu Zhongtian founded China Zhongwang Holdings Limited, the world's 2nd largest industrial aluminum extrusion company.

March 2016

Liu Zhongtian stepped down as president of China Zhongwang, but remained as chairman.

November 2017

Liu Zhongtian stepped down as chairman of China Zhongwang.

2021

US authorities indicted six of Liu Zhongtian's companies for a $1.8 billion tariff-evasion scheme.

2022

China Zhongwang Holdings Limited declared bankruptcy.

Liu Zhongtian & family : FAQs

What is Liu Zhongtian's net worth?

As of 2022, Liu Zhongtian's net worth was $1.80 billion.

What are Liu Zhongtian's main sources of wealth?

Liu Zhongtian's main source of income comes from Aluminum Products.

In which industry does Liu Zhongtian primarily operate?

Liu Zhongtian is primarily involved in the Manufacturing industry.

What is Liu Zhongtian educational background?

Liu Zhongtian holds a Diploma from Liaoning Radio and TV University.

How old is Liu Zhongtian?

Liu Zhongtian is 62 years old.

Who is Liu Zhongtian and what is his significance in the business world?

Liu Zhongtian is a Chinese-Maltese billionaire businessman, known for founding China Zhongwang Holdings Limited, the world's 2nd largest industrial aluminum extrusion company.

What are the key milestones in Liu Zhongtian's career?

Key milestones include founding China Zhongwang in 1993, serving as its chairman and president, stepping down as president in March 2016, and remaining as chairman until November 2017. He also founded and chaired several other companies, including Liaoyang Factory, Futian Chemical, Hong Cheng, and Liaoning Cheng Cheng Plastics.

What legal challenges has Liu Zhongtian faced?

In 2021, US authorities indicted six of his companies for a $1.8 billion tariff-evasion scheme, involving disguising aluminum extrusions as pallets to dodge anti-dumping duties, stockpiling them in Southern California warehouses, and faking sales through a shell company.

What were the consequences of Liu Zhongtian's legal issues?

The legal issues led to his group being fined $1.8 billion, declaring bankruptcy in 2022, and revelations that its growth was significantly driven by debt-fueled acquisitions.

Can you share details about Liu Zhongtian's personal life?

Liu Zhongtian is married and resides in Liaoyang, China. He has also purchased citizenship of Malta, adding to his international profile.