Wong Kwong Yu’s profile picture

Wong Kwong Yu

Wong Kwong Yu’s profile picture
Net worth 2018: $1.61 Billion
Residence: Beijing, China
Country: China
BirthDay: 24 June 1969
Sigh: Cancer
Children: 2
BIOGRAPHY

Wong Kwong Yu was bornon 24 June 1969 in Beijing, China, China. Wong Kwong Yu is #1441 in List Billionaires People In The World. Wong Kwong Yu, also known as Huang Guangyu, is the founder/shareholder of Hong Kong-listed appliance retailer Gome Electrical Appliances Holding. Huang is serving a 14-year jail sentence received in 2010 for insider trading and bribery.

NET WORTH STATISTIC
2012

$2 Billion

2013

$1.15 Billion

2014

$1.55 Billion

2015

$1.45 Billion

2016

$1.4 Billion

2017

$1.6 Billion

2018

$1.61 Billion

TIMELINE
Huang Guangyu, (simplified Chinese: 黄光裕; traditional Chinese: 黃光裕; pinyin: Huáng Guāngyù; Jyutping: Wong4 Kwong1 Yu6) (born 24 June 1969) was the Chairman of GOME Group, which is the largest consumer electronics retailer in China. He had a net worth of US$1.7 billion as of 2005, according to Forbes magazine's world's richest people ranking. In 2005, he was the richest man in China according to Time magazine. He was born and raised as a Christian.In 2006, he was forced by regulations to sell off 25% of GOME Group, as listed in Hong Kong, making his net worth US$2.5 billion, according to some sources. His ambitious goals include "making Gome one of the 500 largest companies in the world by 2008". Huang was listed as the richest person in Mainland China in 2007, with a net worth estimated at $6.3 billion, according to the 2008 China Rich List, which is compiled by the Hurun Institute. He was surpassed by Yang Huiyan in 2009, with a net worth of $7.1 billion.On November 24, 2008 the Hong Kong Stock Exchange indefinitely halted trading in shares in GOME, amid reports of a police investigation of Huang Guang Yu, the company's Chairman, Executive Director and Controlling Shareholder. Furthermore, Huang was reported to be charged with alleged stock market manipulation, on which police declined to comment, according to the state-run China Daily newspaper. He resigned from the post of Chairman on 16 January 2009.A Chinese court sentenced Huang Guangyu to 14 years in prison, a punishment that is likely to be seen as a warning to the country's business executives.In April 2011, Chairman Chen Xiao, who succeeded Huang when he was sentenced to prison, resigned after a seven-month campaign by Huang to reassert control.On July 12, 2011, Eagle Vantage Asset Management, controlled by Huang, bid on his behalf for the decommissioned British Royal Navy aircraft carrier, HMS Ark Royal. According to reports, the plan is to create the world’s largest buoyant luxury shopping mall.
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