CHINA’S 100 RICHEST
FORBES ASIASUP TDOWN WXUNCHANGED ÌNEW TO LIST 3 RETURNEE
- Yang Kai
$3.2 BILLION S
SOURCE: DAIRY PRODUCTS
AGE: 59.
RESIDENCE: SHENYANG
Yang chairs China Huishan Dairy Holdings, a
producer of alfalfa (to feed its cows) and milk.
Facing a tough sell owing to the industry’s
checkered past, the Hong Kong-listed company
has been trying to convince Chinese consumers
that domestic products are as safe as imports. It
also sells whipping cream and liquid milk under
the Senscious brand. Huishan is headquartered
in Shenyang.
IIMAGINECHINA- Wang Yusuo
$3.3 BILLION S
SOURCE: ENERGY
AGE: 52. MARRIED
RESIDENCE: LANGFANG
The energy entrepreneur got started in business
after he failed to pass the country’s tough college
entrance examinations. His ENN Group today is
a vertically integrated natural gas company with
interests in China and overseas. Shanghai-listed
ENN Ecological Holdings runs ENN’s upstream
and midstream operations, including exploration,
production and transmission. In March ENN
bought nearly 12% of Australia-listed Santos
Limited for $750 million. Wang also controls
Shanghai-listed Beibu Gulf Tourism. - Wang Xicheng
$3.3 BILLION S
SOURCE: TIRES
AGE: 67. MARRIED
RESIDENCE: ZHAOYUAN
Wang’s fortune has risen from $920 million a year
ago following the July IPO of his tire manufacturer,
Shandong Linglong Tire, on the Shanghai Stock
Exchange. Its predecessor was a state-owned tire
factory founded in 1975 in Shandong Province. It
was on the verge of collapse in 1987 when Wang
was appointed boss and shifted its focus to pricier
tires. The company is a supplier to GM, Ford, Tata,
Fiat and Hyundai.
đƫ #Čƫ (+#ƫ3%0$ƫ$%/ƫ3%"!ƫ ƫ $%( .!Čƫ+3/ƫ
59% of the business.
đƫ %#(+#Ě/ƫ/ (!/ƫ.! $! ƫĸāċăƫ %((%+ƫ( /0ƫ 5 ! .Čƫ
generating net profit of $101 million.
T
he textile industry not long
ago found much of its growth
in traditional apparel like
dress shirts and other work garb.
These days changes in the way
footwear is made and the popularity
of sportswear are stitching new op-
portunities. A big winner is Shenzhou
International, one of China’s largest
exporters of fabric and garments, and
its chairman, Ma Jianrong. A former
factory worker, Ma is worth an esti-
mated $4.3 billion, ranking No. 39.
Shenzhou, which went public
in Hong Kong in 2005, has over the
years quietly turned itself into the
largest integrated knitwear maker in
the world. Sales in the first six months of the year increased
by a quarter to exceed $1 billion. The company has notched
significant percentages of big brands’ apparel procurement:
12% of Nike, 12% of Adidas, 14% of Uniqlo and 30% of Puma.
In a September report, Citibank predicted those figures willincrease by three to five percentage
points by 2020. Steady business has
helped to lift its stock by more than
40% in the past year.
Inroads into footwear stem from
the use of knitting in the upper
part of shoes, instead of synthetic
leather. In the future such lines will
continue “outperforming apparel in
view of higher level of new product
development and low penetration
of knitting upper at this stage,” said
Citi, which disclosed that Shen-
zhou International is a client. The
company is the biggest supplier of
knit uppers to Nike.
Ma, who is 52, worked his way
to the top job from the company’s knitting and weaving
department.
Shenzhou’s strengths include wide sourcing: Besides China,
the company has about $300 million invested in Vietnam, allow-
ing it to tap into that relatively inexpensive workforce. —R.F.RISING FACES
Shenzhou’s Swoosh
Ma JianrongOUR UNIQUE OPEN PRODUCT PLATFORM OFFERS BEST-
IN-CLASS INVESTMENT SOLUTIONS FOR PRIVATE CLIENTS
AND EXTERNAL ASSET MANAGERS.