Liu Yonghao Net Worth is$3.3 Billion
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Liu Yonghao Net Worth: Liu Yonghao is a Chinese entrepreneur who has a net worth of $3.3 billion. Born in 1948, Yonghao made his wealth as Chairman of the New Hope Group and Vice-Chairman of China Minsheng Bank. A graduate of the Faculty of Mathematics of Chengdu Teachers' School in 1978, he quit his job as a teacher at the technical school to found Hope Group, together with his brothers. They have started the business by investing in breeding quails and chickens in order to sell them to other farmers. By 1992, the company had grown up to be one of China's largest animal-feed businesses and non-government corporations. Few years later, the brothers decided to split their company and to branch it into other projects. Liu Yonghao renamed his company into the New Hope Group, which currently is considered to be China's largest agricultural business enterprise that specializes in producing eggs, meat and dairy products. Reportedly, the New Hope Group have been negotiating with the Blackstone Group for the purchase of Inghams Enterprises, an Italian poultry company. In an interview with the Financial Times, Liu claimed that he was making his efforts on developing agricultural co-operative to help farmers in expanding their farms, and for now, his company had helped more than 100 farms. Additionally, Younghao serves as the Vice-Chairman at China Minsheng Bank, and holds 7% of the shares.

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Liu Yonghao Latest News

China’s Liu Yonghao New Hope door to Australian dairy

Liu Yonghao, the chairman of Chinese agribusiness giant New Hope Group, says its new alliance with two of the biggest families in the Australian dairy industry is about improving food quality and safety in China and introducing more Australian agricultural ...
Posted: August 3, 2015, 7:00 am

China's New Hope accelerating fund raising for future acquisitions

BEIJING (Reuters) - Chinese agribusiness group New Hope will accelerate overseas acquisitions in a bid to become a top supplier of high-end meat to feed demand in the world’s largest consumer, its chairman Liu Yonghao said on Saturday. Liu has built New ...
Posted: March 5, 2016, 4:00 pm

Deal set to boost food cooperation

It will boost investment in Australian agriculture, including livestock, to meet soaring Chinese demand for high-quality and safe lamb, mutton, beef and dairy products, Liu Yonghao, chairman of New Hope Group, a leading global agribusiness, said in Canberra.
Posted: November 18, 2014, 12:07 am
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