BillionaireNet
Qinxiang
Shao Qinxiang
Rank #2157
CHINAdiversifiedDiversified

Shao Qinxiang

Net Worth
$1.771B
+0.26% (24h)
Shao Qinxiang, a 71-year-old self-made billionaire, chairs Zhejiang Garden Bio-chemical High-tech. His wealth source is diversified, originating from his role as the controlling shareholder of the parent company, Garden Group, founded in 2000. Initially a candle and garment factory, Garden Group evolved into a diversified enterprise with interests in pharmaceuticals, energy, and other sectors. Shao's career began with establishing the company in 1981 and has since achieved significant recognition, being ranked among the world's wealthiest individuals.

The Full Dossier

Early Life

Shao Qinxiang's journey began with the founding of Garden Group in 2000, but the roots trace back to 1981 when he and five others started an apparel factory. This marked the inception of a business that would later diversify into various sectors.

Rise to Success

Through strategic diversification, Shao transformed the company. Garden Group expanded its interests to include pharmaceuticals, energy, and other fields. In October 2021, Shao's company, Zhejiang Garden Bio-chemical High-tech, went public on the Shenzhen Stock Exchange. This strategic move significantly contributed to his wealth.

Key Business Strategies

A pivotal strategy was diversifying from its origins as a candle factory and garment manufacturer. The company's focus on pharmaceuticals and animal nutrition products, specifically through Zhejiang Garden Bio-chemical High-tech, has been key. This has allowed Shao Qinxiang to capitalize on the growing demand within these sectors.

Philanthropy

Unfortunately, specific philanthropy amounts and initiatives for Shao Qinxiang were not found in the search results. Further research would be needed to uncover these details.

Career Timeline

2021

Zhejiang Garden Bio-chemical High-tech IPO

Took Zhejiang Garden Bio-chemical High-tech public on the Shenzhen Stock Exchange.

2000

Founded Garden Group

Established the parent company of Zhejiang Garden Bio-chemical High-tech, diversifying from earlier ventures.

Philanthropic Impact

Information not found$XB

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Wealth Trajectory