Qiu Guanghe’s profile picture

Qiu Guanghe

Qiu Guanghe’s profile picture
Net worth 2018: $3.84 Billion
Residence: Wenzhou, China
Country: China
BirthDay: 1951
Children: 2
BIOGRAPHY

Qiu Guanghe was bornon 1951 in Wenzhou, China, China. Qiu Guanghe is #597 in List Billionaires People In The World. Qiu Guanghe is chairman of Zhejiang Semir Garment Co., which makes and sells apparel. Its Semir brand operates 1,000 retail stores throughout China in such cities as Beijing, Shanghai and Hong Kong. Semir's children's clothing brand Balabala signed a deal in 2016 to open up 50 stores in Saudi Arabia. Qiu founded the fashion retailing group in 1996 in his hometown of Wenzhou, a trading mecca in Zhejiang Province.

NET WORTH STATISTIC
2011

$1.4 Billion

2012

$3.3 Billion

2013

$2.1 Billion

2014

$2.7 Billion

2015

$3.6 Billion

2016

$3.4 Billion

2017

$3.3 Billion

2018

$3.84 Billion

TIMELINE
Qiu Guanghe (born 1951) is a Chinese entrepreneur, the founder and CEO of the retail clothing chain Semir.Qiu Guanghe was born in 1951. He ended his education with high school.Qiu Guanghe worked in the home-appliance industry, before founding clothes retailer Semir in Wenzhou, his hometown. Semir opened its first store in 1997 in Jiangsu Province, selling leisurewear. Semir is now one of China's largest clothing retailers, with more than 7,500 stores.Qiu Guanghe shares his fortune with his family, including his son Qiu Jianqiang, who is vice chairman of the listed company, and son-in-law Zhou Pingfan, who is a senior executive at Semir. Semir owns Balabala, which is China's leading children's clothing brand.He is married with two children and lives in Wenzhou, China.
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