Bloomberg Billionaires Index

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# Lu Zhiqiang

Random fact: Worked at a steel factory before becoming a technician.


Lu is the founder and chairman of Oceanwide Holdings Group, a Beijing-based real estate developer and property manager that has investments in banking, insurance and energy. He also owns shares of China Minsheng Banking, the nation's first non-government controlled bank, and is the largest individual shareholder of Lenovo, the world’s biggest PC maker.

As of Sept. 22, 2017:
Last change ()
YTD change ()
Industry Real Estate
Biggest asset N/A
Citizenship China
Age 62
Wealth Self-made
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Relative Value

Lu Zhiqiang's net worth of 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

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Net Worth Summary

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Birthdate: 1951
Family: Married, No children
Education: 1995, Master's Degree, Economics, Fudan University 1990, Graduated, East China Normal University

Lu Zhiqiang was born in Weifang, in eastern China's Shandong province, where he began working for a local diesel-engine maker as a technician in 1971 at age 19. He landed a job at Weifang's municipal technology development center almost a decade later.

Lu left the government job in 1985 and founded what became Oceanwide Holdings in his hometown. The real estate developer expanded into a dozen cities in China and built the biggest upscale housing project in downtown Beijing. In 1996, he helped set up the country's first non-government bank, China Minsheng Banking.

His foray into finance expanded into insurance and brokerages in 2002. Seven years later, he invested in Legend Holdings, the company that became Lenovo's biggest shareholder. He's also active in the government and was a member of the 12th Chinese People's Political Consultative Conference.

The billionaire's philanthropic contributions to the Sichuan earthquake relief in 2008 landed him the title of "National Model" from the government.

  • 1952 Lu Zhiqiang is born in Shandong province, eastern China.
  • 1971 Begins working for a diesel engine company in Weifang.
  • 1978 Works as a technician for a machinery factory.
  • 1985 Sets up Oceanwide Group in Weifang, Shandong province.
  • 1996 Helps set up China's first non-government bank Minsheng.
  • 2002 Invests in Minsheng and Haitong brokerages.
  • 2002 Helps build first non-state insurer Minsheng Life Insurance.
  • 2003 Develops biggest upscale housing project in downtown Beijing.
  • 2008 Donates about $37 million with staff to Sichuan earthquake relief efforts.
  • 2009 Raises about $520 million by selling corporate bonds.
  • 2009 Buys a stake in Legend Holdings, the parent of Lenovo Group.
  • 2010 Establishes Oceanwide Charity Foundation in Beijing.