In this success post, we are going to share the story of He Xiangjian, China biggest buisness tycoon and entrepreneur.
China is one of the biggest consumers of goods in the world and having a successful business in this sector that could prove to be one of the best decisions ever. Just ask He Xiangjian. The owner of the biggest China appliance centers has seen his venture into one of the biggest companies across the globe due to his success.
Midea Appliances, founded in the year 1968, has a strength of around 135000 employees. The firm is based in countries apart from China. He was born in Foshan, China, and had a great hunger for the business. He started out in the production of bottle caps and lids with an initial budget.
He Xiangjian Business Life
With just an initial amount of 5000 Yuan, He Xiangjian started his company. From its humble beginning, the company has grown into a billion dollars Company. Following the success of the plastic bottle lid business, he moved into furnished goods and then into electrical appliances. Midea is one of china biggest appliances makers.
Following the success of his company in the Chinese market, He Xiangjian decided to move his interests internationally and began searching for the stocks in countries such as Brazil, Egypt, India, Chile, and Argentina. This allowed for another new vista for the revenue and propelled Midea into one of the biggest appliance companies in the world at the time of the 1990s.
He Xiangjian Growth
Under his leadership, He Xiangjian has seen the company grow at a rapid rate, at present; he is the ninth richest man in all of China. He started out the company with the help of villagers in Beijiao in the year 1968.
He Xiangjian Children
He Xiangjian has three children. He is now living in Foshan. His son – He Jianfeng, is holding the position of Director at GD Midea.
He Xiangjian Net Worth
He Xiangjian has a net worth of around $12 billion as of the 18th of January 2017. He is also ranked as the 42nd richest person across the globe. He has ranked 5th among the richest persons in China in 2010. His rank dropped to 11th in China in the year 2011. He has amassed huge wealth from the home appliance business. He is now in the 8th position among the richest person in China.
Also Read: Larry Ellison Biography: Success Story of Oracle Co-founder
