How Did Liu Yongxing Make His Money?

Liu Yongxing’s Profile Summary

Company	East Hope Group
Position	Chairman and CEO
Source of wealth	Industrial conglomerate
Also known as	Chinese businessman
Age	77
Education	Bachelor's degree
Citizenship	Chinese
Residence	Shanghai, China
Family	Married, one child
Website, Social Media	https://www.easthope.cn/

Liu Yongxing’s biography

Liu Yongxing, born in June 1948 in Sichuan, China, is a prominent Chinese entrepreneur and the founder of East Hope Group, a conglomerate with interests in agribusiness, chemicals, and non-ferrous metals. He graduated from Xihua University in 1968. In the late 1970s, Liu and his three brothers—Liu Yonghao, Liu Yongyan, and Chen Yuxin—ventured into business by establishing an electronics company. However, due to the political climate, their enterprise was deemed "too capitalistic" and was subsequently shut down.

Undeterred, in 1982, the brothers pooled their resources, raising approximately 1,000 yuan (around $120 at the time), and founded the Hope Group in Sichuan Province. They began by raising quail and chickens, eventually expanding into animal feed production. The Hope Group became one of China's most successful private enterprises during the economic reforms of the 1980s.

In 1995, the brothers amicably divided their business interests. Liu Yongxing retained a portion of the agricultural business and ventured into the heavy chemical and aluminum industries, establishing East Hope Group. By 1999, he had relocated the company's headquarters to Shanghai, positioning it strategically for growth. Under his leadership, East Hope Group has diversified its operations, becoming a significant player in aluminum production, energy, agriculture, chemicals, and real estate. As of 2023, the company reported annual revenues exceeding 179 billion yuan ($25.3 billion) and employed approximately 30,000 people.

Liu's entrepreneurial journey from modest beginnings to leading a multi-billion-dollar conglomerate exemplifies his resilience and strategic vision in navigating China's evolving economic landscape.

How did Liu Yongxing make money?

Liu Yongxing's ascent to billionaire status is a testament to his entrepreneurial acumen and strategic diversification across various industries. In the early 1980s, Liu and his three brothers left their government jobs, pooling together approximately 1,000 yuan (around $120) to start a business in Sichuan Province. They began by raising quail and chickens, eventually expanding into animal feed production under the Hope Group. This venture capitalized on China's economic reforms, meeting the increasing demand for quality livestock and feed, and rapidly grew into one of the country's most successful private enterprises.

In 1995, the brothers amicably divided their business interests. Liu Yongxing retained a portion of the agricultural business and ventured into the heavy chemical and aluminum industries, establishing East Hope Group. By 1999, he had relocated the company's headquarters to Shanghai, positioning it strategically for growth. Under his leadership, East Hope Group diversified its operations, becoming a significant player in aluminum production, energy, agriculture, chemicals, and real estate. As of 2023, the company reported annual revenues exceeding 179 billion yuan ($25.3 billion) and employed approximately 30,000 people.

Liu's strategic diversification into sectors such as aluminum production and energy allowed East Hope Group to capitalize on China's rapid industrialization and urbanization. By investing in heavy industries and real estate, Liu ensured a steady expansion of his wealth. His ability to identify and invest in high-growth sectors, combined with effective management, propelled him into the ranks of China's wealthiest individuals.
What is Liu Yongxing net worth?

As of 2025, Liu Yongxing’s net worth is estimated to be $11.2 B.

What is Liu Yongxing also known as?

Liu Yongxing is recognized as a prominent Chinese entrepreneur, founder, and CEO of East Hope Group, a conglomerate with diversified interests in agribusiness, chemicals, non-ferrous metals, and real estate.

Prominent achievements of Liu Yongxing

Liu Yongxing transformed a modest family venture into East Hope Group, a leading conglomerate in China's industrial sector. Under his leadership, the company achieved significant revenue milestones and diversified into multiple high-growth industries.

What are Liu Yongxing’s key insights?

Liu Yongxing emphasizes resilience and adaptability, having successfully navigated China's shifting economic landscape by diversifying his business interests and capitalizing on emerging industrial opportunities.

Liu Yongxing’s personal life

Liu Yongxing is married to a trained psychologist, and together they have one child. He has three brothers—Liu Yonghao, Liu Yongyan, and Chen Yuxin—and one sister, Liu Yonghong. The family initially faced challenges due to their background as wealthy landlords before the Cultural Revolution but later became prominent entrepreneurs in China.

Useful insights

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