Chen Fashu’s biography, fact, career, awards, net worth & life story

  • Source of Wealth: New Huadu Industrial Group, Tsingtao Brewery
  • Age: 60
  • Birth Place: China
  • Marital Status: Married
  • Full Name: Chen Fashu
  • Nationality: China
  • Date of Birth: 1960
  • Ethnicity: Chinese
  • Occupation: Businessman
  • Education: China Europe International Business School
  • Children: 4

Chinese businessman Chen Fashu has an estimated net worth of $2.8 billion as of April 2016, according to Forbes. He currently serves as the Chairman of the New Huadu Industrial Group.

In 2009, Chen Fashu was reported to have purchased a 12% stake at Yunnan Baiyao Group which was allegedly worth $2.2 billion. Yunnan Baiyao Group specializes in producing diverse commercial products like toothpaste and medicine. Yunnan Baiyao Group is actually a subsidiary of Yunnan Hongta Group. In the past 12 months, Chen Fashu’s fortune has significantly reduced due to the lowering prices of mineral accompanied by continuously rising cost.

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