LeaderPortfolio
Jiaquan
Li Jiaquan
Rank #2698
CHINAManufacturingChemicals

Li Jiaquan

Net Worth
$1.448B
0% (24h)
Li Jiaquan, a 62-year-old Chinese billionaire, is the chairman of Lomon Group, a major chemical supplier. His net worth is estimated at $1.5 billion as of March 2024, reflecting a career built on his source of wealth: chemicals. He founded the predecessor company of Lomon in 1985, demonstrating his entrepreneurial spirit and business acumen. His career in chemicals, specifically titanium dioxide, led to the sale of Lomon's titanium dioxide business in 2016 for $1.3 billion. He is a prominent figure in the chemical industry.

The Full Dossier

Early Life

Li Jiaquan was born in 1964. Information regarding his early life and education is limited; however, it is known that he is a self-made billionaire.

Rise to Success

Li Jiaquan's path to wealth began in 1985 when he founded the predecessor company of Lomon. This company would become the foundation of his chemical empire. His focus on the chemical sector, specifically titanium dioxide, proved to be a lucrative venture. In 2016, Li sold Lomon's titanium dioxide business to Henan Billions Chemicals for $1.3 billion, a pivotal moment that solidified his financial success.

Key Business Strategies

Li Jiaquan's primary business strategy has been centered around the chemical industry, specifically the production and supply of chemicals. He has demonstrated an ability to identify market opportunities and capitalize on them, as evidenced by his early establishment of Lomon and subsequent strategic moves. Details regarding specific strategies are limited; however, his success indicates effective management and business acumen.

Philanthropy

Information on Li Jiaquan's philanthropic endeavors is currently unavailable.

Career Timeline

2016

Sold Lomon's Titanium Dioxide Business

Sold Lomon's titanium dioxide business to Henan Billions Chemicals for $1.3 billion.

1985

Founded Lomon's Predecessor Company

Founded the company that would become the basis of his chemical business.

Wealth Trajectory