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Hu Rongda & family
Rank #1265
CHINAManufacturingChemicals

Hu Rongda & family

Net Worth
$3.206B
+2.08% (24h)
Hu Rongda, the founder of Zhejiang Sanmei Chemical Industry, is a Chinese billionaire known for his success in the chemical industry. Born in 1959, he is 66 years old. His wealth stems from his company, which produces fluorine chemical products used in air conditioning systems. Hu Rongda and his son, Hu Qixiang, hold a significant stake in the business. The company went public in 2019, propelling Hu Rongda into the ranks of billionaires. His career demonstrates an impressive achievement in China's chemical manufacturing sector, with a current estimated net worth of $2.8 billion.

The Full Dossier

Early Life and Education

Information on Hu Rongda's early life and education is limited. However, it is known that he is the founder of Zhejiang Sanmei Chemical Industry, a company specializing in fluorine chemical products.

Rise to Success

Hu Rongda's journey to success began with the establishment of Zhejiang Sanmei Chemical Industry. The company's products, including refrigerants, found applications in home, auto, and industrial air conditioning systems. The company's public listing on the Shanghai Stock Exchange in 2019 was a key milestone, which elevated Hu Rongda to billionaire status.

Key Business Strategies

A central strategy for Hu Rongda has been focusing on the production of essential chemical products. Sanmei's position in the market demonstrates a response to the demand within the air conditioning industry. Hu shares his wealth with his son, Hu Qixiang, who serves as the company's chairman.

Philanthropy

No specific details regarding Hu Rongda's philanthropic activities were found in the search results.

Career Timeline

2019

Public Listing

Zhejiang Sanmei Chemical Industry went public on the Shanghai Stock Exchange.

Wealth Trajectory