Liu Yonghao (; born 1952) is a businessman in
agribusiness
Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy,
in which case it is also called bio-business or bio-enterprise.
The primary goal of agribusiness is to maximize profit ...
in
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
.
He is the founder and chairman of New Hope, the biggest animal feed producer in China. He is also involved in banking. As of 2019, He was ranked the 19th richest in China by ''
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' in China.
Early life
Liu Yonghao started his career teaching at a technical school. He and his three brothers quit their jobs in the government in 1982 to invest in breeding quails and chickens to sell to farmers in
Sichuan
Sichuan is a province in Southwestern China, occupying the Sichuan Basin and Tibetan Plateau—between the Jinsha River to the west, the Daba Mountains to the north, and the Yunnan–Guizhou Plateau to the south. Its capital city is Cheng ...
province.
In 1992, Liu and his brothers entered the animal feed business and founded the Hope Group.
By 2010, it was the largest animal feed group in China.
Career
He helped established the
China Minsheng Bank, and in 2011 he owned 7 per cent of that bank's shares.
In 2011, Liu was vice-chairman of
China Minsheng Bank and chairman of the New Hope Group. That year, the 2010
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
list of the 400 Chinese ranked him at Number 21, with his wealth estimated at $3 billion.
In the same year, he told the ''
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
'' that he was focused on creating agricultural co-operatives to help peasant farmers industrialize their plots, and his company had set up 100 of them, and also set up underwriting companies to help peasant farmers get loans.
In 2012, ''
Fortune
Fortune may refer to:
General
* Fortuna or Fortune, the Roman goddess of luck
* Luck
* Wealth
* Fate
* Fortune, a prediction made in fortune-telling
* Fortune, in a fortune cookie
Arts and entertainment Film and television
* ''The Fortune'' (19 ...
'' chose him as one of their 15 business people who had changed China.
In 2013, his daughter Liu Chang succeeded him as chairman of New Hope Liuhe, one of China's largest agribusiness firms.
He is a member of the Sino-Australia 100-Year Agricultural and Food Safety Partnership (ASA 100).
In 2021, ''
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' estimated his net worth to be $12.1 billion.
Personal life
His older brother is
Liu Yongxing.
He has one daughter.
See also
*
List of Chinese by net worth
References
{{DEFAULTSORT:Liu, Yonghao
1952 births
Living people
Chinese business executives
Businesspeople from Chengdu
China Minsheng Bank people
Billionaires from Sichuan
Chinese company founders
Businesspeople in agriculture