Bloomberg Billionaires Index

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

# 147 Lu Zhongfang $12.1B

Random fact: Worked in a pesticides factory until retirement.


Lu is the largest shareholder of Offcn Education Technology, an education company that services more than 3 million students each year. The Beijing-based business provides training to civil servants, teachers and others across more than 300 cities in China. It reported revenue of 9.2 billion yuan ($1.3 billion) in 2019.

As of :
Last change -$959M ( -7.3%)
YTD change +$5.30B ( +77.8%)
Industry Services
Biggest asset 002607 CH Equity
Citizenship China
Age 77
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Lu Zhongfang's net worth of $12.1B 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:

Lu's fortune is derived from her 42% stake in Offcn Education Technology, a tutoring service firm publicly traded in Shenzhen. The Beijing-based company trains more than 3 million people each year in over 300 cities across China, according to its website.

Lu owns her shares directly and through holding company Zhonggong L.P., according to the company's 2019 third-quarter report.

The company didn't respond to Bloomberg's request for comment on the valuation.


Birthdate: 12/1/1942
Family: Married, 1 child

Lu was born in 1942. She worked in a factory that produces farm chemicals for most of her working life. She retired from the factory in 1993.

Five years later, Lu invested 6 million yuan of her own savings to help her son Li Yongxin set up an education business, the predecessor of Offcn Education Technology. Since then, she became the largest shareholder in the business. The company was renamed Offcn Education in 2015.

It began trading publicly on the Shenzhen Stock Exchange through a backdoor listing, or reverse merger, in February 2019.

  • 1999 Offcn Education's predecessor was founded.
  • 2015 Had more than 470 branches across China.
  • 2015 Business is renamed Offcn Education.
  • 2019 Begins trading on the Shenzhen Stock Exchange.