Gao is the founder and chairman of Bosideng International Holdings, a maker of down jackets in China. The Shanghai-based company sells clothing to about 72 countries and had revenue of 16.2 billion yuan ($2.5 billion) in the year to March 31, 2022. The apparel maker is best known for its Bosideng-branded winter coats.
Gao Dekang's net worth of $5.14B can buy ...
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The majority of Gao's net worth is derived from a 70% stake in Bosideng International Holdings, an apparel maker in China. The Shanghai-based business sells clothing to 72 countries around the world, according to its website.
Gao owns his stake through a trust and investment vehicles, according to a Nov. 3, 2022 Hong Kong stock exchange filing.
The value of his cash is based on an analysis of historical transactions, dividends, stock performance and tax.
A company representative declined to comment on the net worth calculation.
Gao was born in 1952. He learned dressmaker skills from his father and founded his first workshop with eight sewing machines at the age of 24, according to the company's website.
Four years later, he set up a clothing factory in his hometown of Jiangsu. He officially registered the brand "Bosideng" in 1992.
The company specialized in designing down jackets and started publicly trading in Hong Kong through an initial public offering in 2007.
The brand debuted at New York Fashion Week in 2018, according to the company's website.