Liu Yonghao

In this Chinese name, the family name is  Liu.

Liu Yonghao (Chinese: 刘永好; born 1952) is a businessman in agribusiness in China.[1][2][3] He is the founder and Chairman of New Hope, the biggest animal feed producer in China.[4] He is also involved in banking.[5] As of 2019, He was ranked the 19th richest in China by Forbes in China.[6]

## Contents

* 1 Early life
* 2 Career
* 3 Personal life
* 4 See also
* 5 References

## Early life[edit]

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 province.[1]

In 1992, Liu and his brothers entered the animal feed business and founded the Hope Group.[1] By 2010, it was the largest animal feed group in China.[3]

## Career[edit]

He helped established the China Minsheng Bank, and in 2011 he owned 7 per cent of that bank's shares.[1]

In 2011, Liu was vice-chairman of China Minsheng Bank and chairman of the New Hope Group. That year, the 2010 Forbes list of the 400 Chinese ranked him at Number 21, with his wealth estimated at $3 billion.[1]

In the same year, he told the Financial Times 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.[1]

In 2012, Fortune chose him as one of their 15 business people who had changed China.[7]

In 2013, his daughter Liu Chang succeeded him as Chairman of New Hope Liuhe, one of China's largest agribusiness firms.[8]

He is a member of the Sino-Australia 100-Year Agricultural and Food Safety Partnership (ASA 100).[9]

In 2021, Forbes estimated his net worth to be $12.1 billion.[8]

## Personal life[edit]

His older brother is Liu Yongxing.[1] He has one daughter.[10]

## See also[edit]

* List of Chinese by net worth

## References[edit]

1. ^ a b c d e f g "Subscribe to read | Financial Times". www.ft.com. Retrieved 2020-05-15. `{{cite web}}`: Cite uses generic title (help)
2. ^ "Fish Farms Are Next on Menu for New Hope's Billionaire Founder". Bloomberg.com. 2016-04-11. Retrieved 2017-02-08.
3. ^ a b "Liu Yonghao: a billionaire from the countryside - China.org.cn". www.china.org.cn. Retrieved 2020-05-15.
4. ^ "China's New Hope accelerating fund raising for future acquisitions". Reuters. 2017-03-07. Retrieved 2017-02-08.
5. ^ "Subscribe to read | Financial Times". www.ft.com. Retrieved 2020-05-15. `{{cite web}}`: Cite uses generic title (help)
6. ^ "China's Richest 2019". Retrieved 2020-10-11.
7. ^ "15 business people who've changed China". CNNMoney. Retrieved 2020-05-15.
8. ^ a b "Liu Yonghao & family". Forbes. Retrieved 2021-06-10.
9. ^ "Subscribe to The Australian | Newspaper home delivery, website, iPad, iPhone & Android apps". www.theaustralian.com.au. Retrieved 2020-05-15.
10. ^ Castro, Monica (2015-08-13). "Billionaire Liu Yonghao's Daughter Gets Married to Startup Director Sun Hao". Yibada English. Retrieved 2017-02-08.