Huang Guangyu Net Worth $3.25 Billion
Huang Guangyu was the Chairman, Executive Director and Controlling Stockholder of Gome Group, the biggest consumer electronics retailer in China. In line with the Hurun list of September 2013, he’s the ninth richest man in Beijing using an estimated fortune of $3.25 billion. He was the wealthiest guy in China in 2005 according to Times magazine. It experienced an unexpected drop as a result of prevalent charge of misconduct on the list of various billionaire entrepreneurs in China. His shares in Gome were discontinued in trading from the Hong Kong Stock Exchange on November 24, 2008 using the on-going investigation in his case. Accusations of bribery, tax evasion as well as the collusion of corrupt officials in fiscal abuses are normal in the united states. On January 16, 2009, he stepped down from his post as Chairman of the group. Huang also focused his riches in property aside from household appliance retail. He now owns a business called Pengrun Investment that will be located in Beijing. Lately, its value has dropped by -5%.