Bloomberg Billionaires Index

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#315 Xu Chuanhua $5.59B

Random fact: Learned to play the erhu at the age of 30.


Xu is the founder of Transfar Group, a closely held chemicals and logistics provider. The Hangzhou-based company has a majority stake in Transfar Zhilian, a maker of chemicals for use in textile manufacturing, construction and water treatment. Transfar Zhilian had revenue of 8.1 billion yuan ($1.2 billion) in 2016.

As of May 26, 2018:
Last change -$80.5M (-1.4%)
YTD change +$292M (+5.5%)
Industry Industrial
Biggest asset 002010 CH Equity
Citizenship China
Age 82
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Xu Chuanhua's net worth of $5.59B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Almost all of Xu's wealth is derived from a 64 percent stake in Transfar Zhilian, a publicly traded chemicals manufacturer. He owns 64 percent of the business through closely held Transfar Group, according to its 2017 semi-annual report. Stakes in Hangzhou-based Transfar Group owned by his two sons -- as well as 3 percent of Transfar Zhilian they own directly -- are included in his's net worth calculation to reflect his status as founder and patriarch.

The rest of the group is valued using the net asset value in a 2016 filing to the Shanghai Stock Exchange.

Transfar Zhilian representatives didn't respond to an email requesting comment on Xu's net worth.


Birthdate: 1935
Family: Married, 2 children

Xu was born in Hangzhou, China in 1935. His leap into entrepreneurship began in 1986, after he lost his job as a salesperson. Saddled with debt when his son Xu Guanju got sick, the elder Xu decided to borrow 2,000 yuan to start a home business selling liquid soap.

The business grew swiftly, and the family was able to repay its debts within a year. Sales grew to 1.4 million yuan in 1988 (about $400,000 at the time) and by 1995 Transfar Group was officially established, with its product range expanding to include textile, household and agricultural chemicals.

Xu listed a Transfar Group unit, Transfar Zhilian, on the Shenzhen stock exchange in 2004. The group acquired Shanghai-listed Xinan Chemical the following year, giving it two publicly traded units.

Xu's sons Xu Guanju and Xu Guanbao now run the business while he remains the group's honorary chairman.

  • 1986 Starts Transfar's predecessor, a business selling liquid soap.
  • 1989 Leases land to build a production plant.
  • 1990 Son Xu Guanju earns a national invention patent for textile dyeing.
  • 1995 Transfar Group is officially established.
  • 1996 Signs first international agreement with Japan's Daikin.
  • 2004 Transfar Zhilian begins trading on the Shenzhen stock exchange.
  • 2005 Transfar acquires Xinan Chemical.
  • 2016 Announces 100 billion yuan investment in road network.