Huang Guangyu Net Worth is
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Huang Guangyu, (simplified Chinese: ?>>???????; traditional Chinese: ?>>???????; Mandarin Pinyin: Hu??ng Gu??ngy??; Jyutping: Wong4 Kwong1 Yu6) (born 24 June 1969) was the Chairman of GOME Group, which is the largest consumer electronics retailer in China. He had a net worth of US$1.7 billion as of 2005, according to Forbes Magazine's world's richest people ranking. In 2005, he was the richest man in China according to Time magazine.He was born and raised as a Christian.
In 2006, he was forced by regulations to sell off 25% of GOME Group, as listed in Hong Kong, making his net worth US$2.5 billion, according to some sources. His ambitious goals include "making Gome one of the 500 largest companies in the world by 2008". Huang was listed as the richest person in Mainland China in 2007, with a net worth estimated at $6.3 billion, according to the 2008 China Rich List, which is compiled by the Hurun Institute. He was surpassed by Yang Huiyan in 2009, with a net worth of $7.1 billion.

On November 24, 2008 the Hong Kong Stock Exchange indefinitely halted trading in shares in GOME, amid reports of a police investigation of Huang Guang Yu, the company's Chairman, Executive Director and Controlling Shareholder. Furthermore, Huang was reported to be charged with alleged stock market manipulation, on which police declined to comment, according to the state-run China Daily newspaper. He resigned from the post of Chairman on 16 January 2009.
A Chinese court sentenced Huang Guangyu to 14 years in prison, a severe punishment for China's one-time wealthiest man that is likely to be seen as a warning to the country's business executives.
In April 2011, Chairman Chen Xiao, who succeeded Mr. Huang when he was sentenced to prison, resigned after a seven-month campaign by Mr. Huang to reassert control.
On July 12, 2011, Eagle Vantage Asset Management, controlled by Mr. Huang, bid on his behalf for the decommissioned British Royal Navy aircraft carrier, HMS Ark Ro

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Huang Guangyu Latest News

Fallen founder still pulls strings at GOME

Disgraced business tycoon Huang Guangyu might be in prison, but it has not stopped him from tightening his grip on China's leading electrical appliance chain. The founder of GOME Electrical Appliances Holding Ltd has been behind bars since November 2008 ...
Posted: August 24, 2015, 6:43 pm

Even from jail, China’s former richest man is making deals and funneling money offshore

Prison hasn’t made a poor man of Huang Guangyu, an electronics retail tycoon jailed since 2010 for bribery and insider trading. According to a report by the International Consortium of Investigative Journalists (ICIJ), Huang and his wife have over 30 ...
Posted: January 21, 2014, 11:07 pm

Gome shares fall after rumors denied

A Gome store in Yichang, Central China's Hubei Province Photos: IC Huang Guangyu, founder and former chairman of Gome Photos: IC Shares of Hong Kong-listed Gome Electrical Appliances Holding fell 3.93 percent on Monday after the Xinhua News Agency refuted ...
Posted: May 18, 2015, 5:08 pm
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