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Liu Yonghao (; born 1952) is a businessman in agribusiness in
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
. He is the founder and chairman of New Hope, the biggest animal feed producer in China. He is also involved in banking. As of 2019, He was ranked the 19th richest in China by ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
'' in China.


Early life

Liu Yonghao started his career teaching at a technical school. He and his three brothers quit their jobs in the government in 1982 to invest in breeding quails and chickens to sell to farmers in
Sichuan Sichuan (; zh, c=, labels=no, ; zh, p=Sìchuān; alternatively romanized as Szechuan or Szechwan; formerly also referred to as "West China" or "Western China" by Protestant missions) is a province in Southwest China occupying most of t ...
province. In 1992, Liu and his brothers entered the animal feed business and founded the Hope Group. By 2010, it was the largest animal feed group in China.


Career

He helped established the
China Minsheng Bank China Minsheng Bank (), founded on January 12, 1996, in Beijing, is the first bank in China to be owned mostly by private sector enterprises. The bank was founded by Jing Shuping, a Chinese lawyer and businessman. Minsheng Bank is well known f ...
, and in 2011 he owned 7 per cent of that bank's shares. In 2011, Liu was vice-chairman of
China Minsheng Bank China Minsheng Bank (), founded on January 12, 1996, in Beijing, is the first bank in China to be owned mostly by private sector enterprises. The bank was founded by Jing Shuping, a Chinese lawyer and businessman. Minsheng Bank is well known f ...
and chairman of the New Hope Group. That year, the 2010
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
list of the 400 Chinese ranked him at Number 21, with his wealth estimated at $3 billion. In the same year, he told the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'' that he was focused on creating agricultural co-operatives to help peasant farmers industrialize their plots, and his company had set up 100 of them, and also set up underwriting companies to help peasant farmers get loans. In 2012, ''
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'' chose him as one of their 15 business people who had changed China. In 2013, his daughter Liu Chang succeeded him as chairman of New Hope Liuhe, one of China's largest agribusiness firms. He is a member of the Sino-Australia 100-Year Agricultural and Food Safety Partnership (ASA 100). In 2021, ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
'' estimated his net worth to be $12.1 billion.


Personal life

His older brother is Liu Yongxing. He has one daughter.


See also

*
List of Chinese by net worth The following are partial lists of the Forbes list of Chinese billionaires (converted into USD) and is based on an annual assessment of wealth and assets compiled and published by ''Forbes'' magazine in 2022. In 2022 China had 607 billionaires whic ...


References

{{DEFAULTSORT:Liu, Yonghao 1952 births Living people Chinese business executives Businesspeople from Chengdu China Minsheng Bank people Billionaires from Sichuan Chinese company founders Businesspeople in agriculture