LeaderPortfolio
family
Ruan Shuilong & family
Rank #2008
CHINAManufacturingChemicals

Ruan Shuilong & family

Net Worth
$2.074B
0% (24h)
Ruan Shuilong, at the age of 90, is the largest shareholder of Zhejiang Longsheng Group. His estimated net worth is $2.5 billion, stemming from his involvement in the chemicals industry. His career began with the founding of an insecticide factory in 1970, which later evolved into the Zhejiang Longsheng Group, a major supplier of specialty chemicals and dyes. His achievements include leading Longsheng's listing on the Shanghai Stock Exchange in 2003 and expanding the company's global presence.

The Full Dossier

Early Life

Ruan Shuilong's career began in 1970 with the establishment of the Lihai Commune Microbe Insecticide Factory in Shangyu, China. This was the foundation upon which his future business empire would be built. The factory initially focused on insecticide production.

Rise to Success

In 1979, the Shangyu Textile Printing-Dying Aux Factory was founded, and in 1993, it was renamed Zhejiang Dyestuff Aux Main Factory, signaling a shift towards dyestuffs and intermediates. A significant milestone was the first dyestuff production in 1992. In 1998, Ruan Shuilong became the chairman of the Zhejiang Longsheng Group. The group was listed on the Shanghai Stock Exchange in 2003, marking a significant step in its growth. Longsheng has expanded to serve about 7,000 customers worldwide with sales and technical support in all key markets and agencies in 50 countries.

Key Business Strategies

A key strategy for Ruan Shuilong was the strategic development and expansion of Zhejiang Longsheng Group. This included a focus on research and development, manufacturing, and distribution of dye products, specialty chemicals, and chemical intermediates. The company expanded its product lines, venturing into real estate and auto parts, while also securing key partnerships with global brands like Nike and Adidas. The company has over 9,000 employees.

Philanthropy

Specific philanthropy amounts could not be verified by search.

Career Timeline

2003

Longsheng Listed on Shanghai Stock Exchange

Zhejiang Longsheng Group was listed on the Shanghai Stock Exchange.

1998

Chairman of Zhejiang Longsheng Group

Ruan Shuilong became the chairman of the Zhejiang Longsheng Group.

1970

Founded Insecticide Factory

Ruan Shuilong founded the Lihai Commune Microbe Insecticide Factory, the precursor to Zhejiang Longsheng Group.

Philanthropic Impact

Category$XB

REAL initiative

REAL description

Wealth Trajectory