Lu Guanqiu’s profile picture

Lu Guanqiu

Lu Guanqiu’s profile picture
Net worth 2018: $5.7 Billion
Industry: Diversified
Country: China
BirthDay: 17 January 1945
Sigh: Aquarius
Died On: 25/10/2017
Children: 4
Education: Doctorate, Hong Kong Polytechnic University
BIOGRAPHY

Lu Guanqiu was bornon 17 January 1945 in China. Lu Guanqiu, who started out acquiring scrap metal and turning it into farm tools during China's Cultural Revolution, died in October 2017. He leaves behind Wanxiang Group, one of China's largest conglomerates with more than 40,000 employees. Its interests are broad, including real estate, agribusiness and finance, but its core is auto parts. Heir apparent is son Lu Weiding, whose personal personal investments include film maker Huayi Brothers Media. Wanxiang America Corporation, based in Chicago, is run by Lu's son-in-law Ni Pin.

NET WORTH STATISTIC
2009

$1.3 Billion

2010

$2.4 Billion

2011

$3.1 Billion

2012

$2.6 Billion

2013

$3.1 Billion

2014

$3.5 Billion

2015

$5.1 Billion

2016

$5.7 Billion

2017

$5.7 Billion

2018

$5.7 Billion

TIMELINE
2013

He was the 18th richest person in China, according to the Hurun Report China Rich List 2013, the 286th richest person in the world, and reportedly the richest person in Zhejiang Province

1969

In July 1969, he co-founded a factory with six other farmers, producing small agricultural machines

1945

Lu was born in January 1945 in Yuhang, Hangzhou, Zhejiang Province, into a peasant family

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