Bloomberg Billionaires Index

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# Fu Liquan

Random fact: Resigned as the company's president in May 2017.

Overview

Fu is the chairman and co-founder of Zhejiang Dahua Technology, a publicly traded manufacturer of surveillance equipment. The Hangzhou, China-based company provides products and services to clients including UNESCO and the London Underground. It reported revenue of 13.2 billion yuan ($2 billion) in 2016.

As of June 24, 2018:
Last change ()
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Industry Industrial
Biggest asset N/A
Citizenship China
Age 50
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Fu Liquan's net worth of can buy ...

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

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Net Worth Summary

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Biography

Birthdate: 1967
Family: Married, 1 child
Education: Zhejiang University, MBA

Fu Liquan is a Chinese citizen born in 1967. He studied radio engineering at Zhejiang Shuren University and after graduating in 1989, worked in a small electrical equipment factory. He opened his first equipment plant in 1993.

With his wife Chen Ailing and another partner, he co-founded the predecessor of Zhejiang Dahua Technology with $60,000 in 2001. Fu and Ailing sold their house and borrowed money to raise cash for the company.

Based in Hangzhou, China, Zhejiang Dahua Technology makes security and surveillance equipment such as network cameras, DVRs and video door phones. The company sold shares in a public offering in May 2008 on the Shenzhen stock exchange.

The billionaire lives in Hangzhou with his wife Chen Ailing and one child.

Milestones
  • 1967 Born and raised in a peasant family in Zhejiang, China.
  • 2001 Co-founds predecessor of Zhejiang Dahua Technology.
  • 2001 Starts China's first eight channel real-time embedded digital video recorder.
  • 2008 Zhejiang Dahua Technology sells shares to the public in Shenzhen.
  • 2013 Moved to new headquarters in Hangzhou.
  • 2014 Began investing about 10 percent of annual sales in R&D.
  • 2016 Company reported almost $2 billion in revenue.
  • 2016 Provided 80 percent of the surveillance cameras for the Rio Olympics Games.