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Hua Xuande & family
Rank #2633
CHINAHealthcarePharmaceuticals

Hua Xuande & family

Net Worth
$1.343B
+0.45% (24h)
Hua Xuande, at 82 years old, is the chairman of Zhejiang ZoneBanner Jiuzhou Group, which controls Zhejiang Jiuzhou Pharmaceutical, a Shanghai-listed pharmaceutical supplier. His wealth stems from the pharmaceuticals industry. The company expanded through strategic acquisitions, including a U.S. pharmaceutical ingredient firm and a Chinese subsidiary of Novartis. Hua's daughter, Hua Lirong, chairs Zhejiang Jiuzhou Pharmaceutical. With a net worth of $1.4 billion, Hua Xuande ranks among the world's wealthiest individuals.

The Full Dossier

Early Life

Information regarding Hua Xuande's early life is limited in the search results. The focus is primarily on his business ventures and current status.

Rise to Success

Hua Xuande's career began with Zhejiang ZoneBanner Jiuzhou Group. The group controls Zhejiang Jiuzhou Pharmaceutical. In 2019, the company made key acquisitions, including PharmAgra Labs, a U.S. pharmaceutical ingredient firm, and a Chinese subsidiary of Swiss pharmaceutical maker Novartis. These moves helped expand its production and market reach.

Key Business Strategies

The primary business strategy appears to be growth through strategic acquisitions and expansion within the pharmaceutical sector. Jiuzhou Pharmaceutical's listing on the Shanghai Stock Exchange also played a key role in its financial growth.

Philanthropy

Specific details of Hua Xuande's philanthropic activities and exact amounts are not available in the search results. Further research would be needed to provide this information.

Career Timeline

2019

Took Over Novartis Subsidiary

Jiuzhou also took over a Chinese subsidiary of Swiss pharmaceutical maker Novartis to help expand its production.

September 2019

Acquired PharmAgra Labs

Jiuzhou Pharmaceutical acquired U.S. pharmaceutical ingredient firm PharmAgra Labs.

1973

Founded Dongshan Chemical Factory

Hua Xuande's company grew from the collectively owned Dongshan Chemical Factory.

Philanthropic Impact

Not foundUndisclosed

Not found

Specific details of Hua Xuande's philanthropic activities and exact amounts are not available in the search results.

Wealth Trajectory