BillionaireNet
Yixiong
Lyu Yixiong
Rank #1202
CHINAFashion & RetailCosmetics

Lyu Yixiong

Net Worth
$3.369B
-0.71% (24h)
Lyu Yixiong is the CEO of Shanghai Chicmax Cosmetic, a prominent cosmetics supplier in China. He is a self-made billionaire with an estimated net worth of $3.5 billion, stemming from his success in the cosmetics industry. His career highlights include leading Shanghai Chicmax Cosmetic to a successful public offering on the Hong Kong Stock Exchange in December 2022. Lyu is known for his strategic leadership, prioritizing innovation and research & development, contributing to Chicmax's competitive edge. He is also actively engaged in corporate social responsibility (CSR) initiatives, advocating for sustainable business practices.

The Full Dossier

Early Life and Education

Lyu Yixiong was born and raised in China. He demonstrated an early aptitude for business and management. Lyu pursued higher education at the prestigious Cheung Kong Graduate School of Business, where he completed executive management training. This education provided him with essential skills and knowledge to navigate the corporate landscape, particularly in the competitive cosmetics industry.

Rise to Success

In 2002, Lyu Yixiong began his journey in the cosmetics industry in Shanghai. Under his leadership, Shanghai Chicmax Cosmetic flourished as a prominent supplier in the Chinese cosmetics market, recognized for its innovative product offerings and strategic market positioning. A key milestone was the company's successful public offering on the Hong Kong Stock Exchange in December 2022. This achievement underscored Lyu's ability to drive company growth and capitalize on market opportunities.

Key Business Strategies

Lyu Yixiong's leadership style is characterized by a commitment to excellence and innovation. He has consistently prioritized investment in research and development, which has driven product innovation and maintained Chicmax's competitive edge in the cosmetics sector. His strategic initiatives have enhanced Chicmax's market presence, solidifying its reputation as a leader in beauty and personal care products. Lyu emphasizes focus as a primary strategy, as seen by Chicmax's multi-brand model.

Philanthropy

Lyu Yixiong is actively engaged in corporate social responsibility (CSR) initiatives. He advocates for sustainable business practices and community development, ensuring that Chicmax contributes positively to society while achieving its business objectives.

Career Timeline

2022

Public Offering

Led Shanghai Chicmax Cosmetic to a successful public offering on the Hong Kong Stock Exchange.

2002

Began career

Lyu Yixiong started his business in the cosmetics industry in Shanghai.

Philanthropic Impact

CSRUndisclosed

Corporate Social Responsibility

Advocates for sustainable business practices and community development.

Wealth Trajectory