Huang Rulun (; born 1951) is a Chinese

billionaire A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busi ...

businessman. He is head of the privately held real estate developer Century Golden Resources Group. In June 2018, ''

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 at $4.0 billion.

Early life

Huang was born to a poor family in

Lianjiang County Lianjiang (; BUC: Lièng-gŏng) is a county on the eastern coast in Fuzhou prefecture-level city, the provincial capital of Fujian Province, China. Most of the county is administered by the People's Republic of China (PRC), while a number of ...

Fujian Fujian (; alternately romanized as Fukien or Hokkien) is a province on the southeastern coast of China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, Guangdong to the south, and the Taiwan Strait to the east. Its ...

, China. Huang initially worked as a street vendor in China.

Business career

As a trader in the Philippines

In 1986 Huang went to the Philippines, where he worked as a trader.

Return to China

At age 40, Huang moved back to China and established the Century Golden Resources Group. His company had a joint venture with the local government of

Fuzhou Fuzhou (; , Fuzhounese: Hokchew, ''Hók-ciŭ''), alternately romanized as Foochow, is the capital and one of the largest cities in Fujian province, China. Along with the many counties of Ningde, those of Fuzhou are considered to constitute ...

to build his first project, the Guotai Tower amidst a commercial property boom in

Southern China South China () is a geographical and cultural region that covers the southernmost part of China. Its precise meaning varies with context. A notable feature of South China in comparison to the rest of China is that most of its citizens are not n ...

in the early 1990s. Huang built more commercial properties in the next three years. During this period he also started to build residential projects before new restrictions on commercial development was imposed in 1994. Huang did not rely much on outside financing, preferring to use his own capital. He became the largest private developer in Fuzhou. He returned to focus on

Beijing } Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...

as a developer in 1998. He initially supported the Shiji Jiayuan housing development, then invested Rmb17 billion in the

Century City Century City is a 176-acre (71.2 ha) neighborhood and business district in Los Angeles, California. Located on the Westside to the south of Santa Monica Boulevard around 10 miles (16 km) west of Downtown Los Angeles, Century City is one of ...

project. In 2004 he completed the Beijing Golden Resource Shopping Mall. The mall was next to Century City, a residential area. This model was repeated in Kumming,

Changsha Changsha (; ; ; Changshanese pronunciation: (), Standard Mandarin pronunciation: ) is the capital and the largest city of Hunan Province of China. Changsha is the 17th most populous city in China with a population of over 10 million, and ...

Guiyang Guiyang (; ; Mandarin pronunciation: ), historically rendered as Kweiyang, is the capital of Guizhou province of the People's Republic of China. It is located in the center of the province, situated on the east of the Yunnan–Guizhou Plateau, ...

, and

Hefei Hefei (; ) is the capital and largest city of Anhui Province, People's Republic of China. A prefecture-level city, it is the political, economic, and cultural center of Anhui. Its population was 9,369,881 as of the 2020 census and its built-up ( ...

. According to 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 ...

'', he played a "central role in the revival of his country's ties with the Philippines." He funded drug treatment centers during the administration of President

Rodrigo Duterte Rodrigo Roa Duterte (, ; born March 28, 1945), also known as Digong, Rody, and by the initials DU30 and PRRD, is a Filipino lawyer and politician who served as the 16th president of the Philippines from 2016 to 2022. He is the chairperson ...

in 2016."Philippines to open ‘mega’ rehab centre, funded by Chinese property tycoon Huang Rulun"
''

South China Morning Post The ''South China Morning Post'' (''SCMP''), with its Sunday edition, the ''Sunday Morning Post'', is a Hong Kong-based English-language newspaper owned by Alibaba Group. Founded in 1903 by Tse Tsan-tai and Alfred Cunningham, it has remained ...

'', October 12, 2016 Both treatment centers were hailed by Duterte as a sign of Chinese friendship, with Huang not offering details, and saying he was funding the centers to improve ties between the two nations."Behind Philippines' ties with China, a billionaire and his rehab centers"
''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was est ...

'', Adam Jourdan, Jackie Cai, October 31, 2016 According to Duterte, Huang did not ask for anything in return for the mega facility."Duterte keeps off China probe of tycoon Huang Rulun"
''

The Manila Times ''The Manila Times'' is the oldest extant English-language newspaper in the Philippines. It is published daily by The Manila Times Publishing Corp. (formerly La Vanguardia Publishing Corporation) with editorial and administrative offices at 2/F ...

'', Catherine S. Valente, July 1, 2017 In October 2016, Chinese state media said that Huang's company had paid bribes to Bai Enpai, the party secretary of

Yunnan Province Yunnan , () is a landlocked province in the southwest of the People's Republic of China. The province spans approximately and has a population of 48.3 million (as of 2018). The capital of the province is Kunming. The province borders the ...

. In June 2017, it was announced that he was being investigated by the state"China probes tycoon central to Philippines ties"
''

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 ...

'', Lucy Hornby, June 26, 2017 over corruption allegations. That week, he was removed from his role in Fujian province political consultative conference."Tycoon Huang Rulun booted from Fujian advisory role"
'' The Standard'', June 22, 2017 He was also arrested. He has donated money to

Peking University Peking University (PKU; ) is a public research university in Beijing, China. The university is funded by the Ministry of Education. Peking University was established as the Imperial University of Peking in 1898 when it received its royal charte ...

and other schools. As of 2016, he had invested in around 20 five-star hotels and 10 malls."Huang Rulun"
''

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and m ...

Personal life

Huang is married with two children, and lives in Beijing, China.

References

{{DEFAULTSORT:Huang, Rulun Billionaires from Fujian Living people 1951 births Businesspeople from Fuzhou Chinese company founders Chinese real estate businesspeople People from Lianjiang County