Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 282 Yao Liangsong $7.84B

Random fact: Made two failed IPO applications before it won approval to trade.


Yao is the founder and largest shareholder of Oppein Home Group, the biggest cabinet maker in Asia. The Guangzhou-based company exports products including cabinets, doors and bathroom furniture to 118 countries and has about 7,400 showrooms worldwide. It reported revenue of 20.4 billion yuan ($3.2 billion) in 2021.

As of :
Last change No change
YTD change +$531M ( +7.3%)
Biggest asset 603833 CH Equity
Country / Region China
Age 58
Industry Retail
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Yao Liangsong's net worth of $7.84B 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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Yao’s net worth is derived from a 66% stake in Oppein Home Group. The Guangzhou-based company is the largest cabinetry manufacturer in Asia, has more than 7,400 showrooms and exports products to 118 countries around the world, according to its website. 

He owns his shares directly, according the company's 2022 third-quarter report.

The value of his cash is based on a Bloomberg analysis of historical transactions, tax and stock performance.

Yang Yaoxing, a spokesperson for the company, declined to comment on the billionaire's wealth.


Family: Married, No children

Yao Liangsong was born in Meizhou, China in August 1964. He graduated from the Beihang University with a degree of machine engineering and was assigned his first job as a teacher at an aviation school in Jiangxi in 1986, where he set up a school magazine called Grassland for the students, according to a television interview on Shenzhen-based CETV in 2009.

Yao left teaching and started his own restaurant business two years later, which failed and left him in debt, which he helped pay off by selling medical equipment. Yao's sister inspired him to establish Oppein Home Group in Guangzhou in 1994, according to Oppein's website on April 2017. The company began trading on the Shanghai Stock Exchange in March 2017 with Yao serving as chairman of the group. 

The billionaire maintains positions in the People's Political Consultative Committee of Guangzhou Baiyun District and the General Chamber of Commerce, according to the company's initial public offering prospectus in March 2017.

  • 1964 Born in Guangdong, China.
  • 1994 Oppein is founded in Guangzhou, China.
  • 1999 Opens a 15,000 square meter plant to build artificial stone surfaces.
  • 2003 Establishes its first overseas office in the USA.
  • 2006 Increases sales reach to almost 120 countries.
  • 2011 Becomes the largest cabinetry manufacturer in Asia.
  • 2015 Launches a second brand "Oppolia" for the youth market.
  • 2017 Oppein started to trade in the Shanghai Stock Exchange.