Early Life and Founding of Lomon Group
Li Jiaquan's journey began in 1985 when he founded the precursor to the Lomon Group in Sichuan Province. This marked the start of his career in the chemical industry, which would eventually lead him to become a billionaire.
Rise to Success
Over the years, Li Jiaquan has steadily grown his business. A key move was the sale of Lomon's titanium dioxide business to Henan Billions Chemicals for $1.3 billion in 2016. This strategic decision demonstrates his ability to identify and capitalize on opportunities, contributing significantly to his wealth.
Key Business Strategies
Li's focus on the chemical industry has been central to his success. Lomon Group specializes in supplying chemicals, and this specialization has allowed the company to establish a strong market position. Further details on specific business strategies are unavailable.
Philanthropy
Information regarding specific philanthropic initiatives is unavailable in the search results.