Xu Shihui
Chinese billionaire businessman and politician (born 1958) From Wikipedia, the free encyclopedia
Xu Shihui (Chinese: 許世輝; Pe̍h-ōe-jī: Khó͘ Sè-hui; born 1958) is a Chinese businessman, politician and a representative of the Fujian region at the 12th National People's Congress.
Xu Shihui | |
|---|---|
| Born | 許世輝 1958 (age 66–67)[1] |
| Nationality | Chinese |
| Occupation(s) | Chairman, Dali Foods Group |
| Spouse | Chen Liling |
| Children | Xu Yangyang |
He is the founder and chairman of Dali Foods Group, a food and drink company. As of November 2023, he and his family was worth $7.9 billion.[2]
Biography
Xu Shihui was born in Hui'an, Fujian province. His father was a laborer.
He got a job at Dali, cookie business in Quanzhou, when it was a collective and amassed shares by proving that he was a leader.[3] This business would later become Fujian Dali Foods Group. He serves as group's chairman since 1992.[4]
He has served as a deputy to the National People's Congress since 2008. In 2013, he served as a deputy to the National People's Congress.[5]
In 2015, Dali Foods Group was listed on Hong Kong Stock Exchange.[6]
In 2016, he was ranked 20th in Forbes's China Rich List with a fortune of $6.3 billion.[7][8] In 2019, he and his family had a fortune of $9.3 billion.[9] In 2020, Forbes estimated his net worth at US$8.8 billion.[1]
In July 2023, he announced the plan to delist the company from the Hong Kong Stock Exchange.[10][11] In August, his plan was approved by shareholders. The deal was valued at $6.6 billion. He paid a premium of 38% on closing price.[12]
Personal life
He lives in Quanzhou, China.[1] He is married to Chen Liling and has a daughter with her, Xu Yangyang, who is Dali's vice president.[13]
References
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