Larry Yung Chi Kin
From Wikipedia, the free encyclopedia
| Larry Yung Chi Kin 荣智健 Rong Zhijian |
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 Rong Zhijian
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| Born | January 31, 1942  Shanghai, Republic of China |
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| Occupation | chairman of the board, CITIC Pacific |
| Salary | N/A |
| Net worth | ▲US$2.2 billion (See below for reference) |
Larry Yung Chi Kin (Simplified Chinese: 荣智健) (born January, 1942), also often called Rong Zhijian in mainland China, is the chairman of CITIC Pacific, a Hong Kong-based conglomerate. According to Forbes Magazine, he is one of the wealthiest people in mainland China, with a personal net worth of $2.2 billion US dollars as of March, 2007.
Rong was born in Shanghai to a business man Rong Yiren, who later became the vice president of China during the 1990s. He graduated from Shanghai Nan Yang Model High School in 1959 and attended the Tianjin University majoring in electronic engineering.
When the Cultural Revolution started, because of his "capitalist" background, he was exiled to Liangshan in Sichuan in 1966. After the turbulent years, he moved to Hongkong and started his own business, which turned out to be very successful and he subsequently became one of the richest people in China.
His family's tie to the Communist Party of China earned his nickname "the Red Capitalist." Rong is on the board of directors of the Hong Kong Jockey Club. He is also the owner of a Bombardier Global Express.
Rong was recently reported to have joined the rank of speculating the real estate business in Shanghai with an investment more than one billion RMB.
[edit] References
- ^ Forbes World's Richest. Forbes Magazine. March 8, 2007.
- ^ Rong: Red Capitalist. Sina News. March 2, 2002.
- ^ Rong: Betting One Billion on Shanghai Real Estate Sina News. March 6, 2007.
[edit] External links
- chinavitae.com: Biography
- Forbes China Rich List (November 1, 2005)
- Sina's Page On Rong Zhijian]
