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# 258 Liu Yonghao $8.27B

Random fact: Used to teach electronics and mechanics in technical training school.


Liu is founder and chairman of New Hope Group, a conglomerate with 135,000 employees and 300 billion yuan ($46.8 billion) in assets. The group controls New Hope Liuhe, a publicly traded animal feed producer that had revenue of 126 billion yuan ($19.6 billion) in 2021. It also owns businesses in the food, dairy and property sectors.

As of :
Last change +$86.9M ( +1.1%)
YTD change +$180M ( +2.2%)
Biggest asset 000876 CH Equity
Country / Region China
Age 71
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Liu Yonghao's net worth of $8.27B 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:

The majority of Liu's fortune is derived from New Hope Group, a Beijing-based closely held conglomerate with 135,000 employees and about 300 billion yuan ($46.8 billion) in assets, according to its website. 

He owns the group outright, according to filings with the State Administration For Industry & Commerce. Shares in the names of his wife and daughter are attributed to Liu, reflecting his status as founder and patriarch.

Through New Hope Group he owns 54% of its publicly traded animal feed business New Hope Liuhe, according the unit's 2022 third-quarter report.

New Hope Group's real estate segment had revenue of 37.9 billion yuan in 2021, according to a company filing. It's valued using the average price-to-book value and price-to-earnings multiples of four publicly traded peers: Shimao Property Holdings, Gemdale Corp, Shanghai Shimao Co and RiseSun Real Estate Development Co.

Liu also owns about 80% of New Hope Dairy through holding companies controlled by himself and his daughter, according to the company's 2022 third-quarter report. The company's property service unit started publicly trading in Hong Kong in May 2021 and the family owns a 67% stake through offshore trusts, according to company's 2022 semi-annual report.

He also has a 2% stake in China Minsheng Banking, according to its 2022 semi-annual report.

The value of his cash investments is based on these cash flows, taxes, market performance and charitable giving.

Song Yang, spokeswoman of New Hope Group, declined to comment on the billionaire's net worth.


Family: Married, 2 children

Liu was born in 1951, the youngest son in a poor family of four brothers and one sister in western China's Sichuan province. During the Cultural Revolution, 17-year-old Liu went to work in a village near Chengdu, the capital of Sichuan. He earned about 2 cents a day for the next four years. He later studied at a vocational school and became a physics teacher in Chengdu in 1978.

Two years later, Liu's older brother, Liu Yongxing, set up a street stand to make money by repairing radios, so he could afford to buy meat for his son for the Chinese New Year. Yongxing earned about $50 in the first week, almost a year's worth of pay from his factory job.

The Liu brothers -- Yongxing, Yongyan, Yongmei and Yonghao -- were encouraged by their entrepreneurship. Two years later, they all quit their jobs, pooled together $500 in startup capital by selling their watches and bicycles, and started raising and selling quail.

The brothers founded Hope Group in 1991 and turned it to one of the biggest animal feed makers as China embarked on economic reforms under the leadership of Deng Xiaoping in the 1980s. They split the business in 1995 and headed in different directions. Yonghao founded New Hope Group in 1996, mainly focusing on animal feed production. Two years later, New Hope Liuhe, the animal husbandry subsidiary of the group went public. New Hope Liuhe is the country's largest animal feed producer and had revenue of $9.8 billion in 2015.

In May 2013, Liu handed over the reins of Liuhe to his daughter Liu Chang. The billionaire remains as chairman of the group. Graduated with an EMBA degree from Peking University, the younger Liu is the chairman of New Hope Liuhe.

  • 1951 Liu Yonghao is born in Xinjin, in China's Sichuan province.
  • 1982 Quits his teaching job to start business with three brothers.
  • 1988 They decide to produce animal feed.
  • 1992 Hope Group is founded by the brothers.
  • 1995 Siblings part amicably and split the Hope Group.
  • 1996 Co-founds China's first privately owned lender, China Minsheng Bank.
  • 1997 Establishes New Hope Group.
  • 1998 A subsidiary of New Hope sells shares in Shenzhen.
  • 2001 New Hope ventures into dairy industry.
  • 2013 Daughter Liu Chang succeeds him as chairman of publicly traded New Hope Liuhe.
  • 2016 Plans to invest over A$1 billion ($759 million) in Australia's agribusiness.