Hui Lin Chit Net Worth $2.5 Billion
Hengan International co-founder Hui Lin Chit comes with an estimated net worth of $2.5 billion as of March 2013 according to Forbes. He is also the 36th wealthiest individual in China and is ranked 589th in the listing of World Billionaires. Hui Lin Chit brought in his estimated net worth of $2.5 billion as the Deputy Chairman and Chief Executive Officer of the Hengan International Group. Along with fellow billionaire Sze Man Bok who possesses around 18% share and also the Chairman of the Group, he co-founded the company in 1985. He’s in charge of strategic planning, human resources as well as the general management of among the biggest manufacturers of tissue paper, sanitary napkins and disposable diapers in China. With his over 20 years of expertise in trading, business management, and development, he’s been in the garment processing and exporting business. He also has managed a local transportation company. Its profits have increased by 38% to $206 million after giving a focus on the sales of the more lucrative items. Throughout the 2nd half of 2012, the sales of its own top selling product, tissue paper, are expected to rise due to the expansion of a production plant in Chongqing. As one of the founding shareholders of the company, Hui Lin Chit is also an associate of the Nomination Committee and Remuneration Committee. He holds the title of senior economist in the People’s Republic of China as well as a deputy chairman of All-China General Chamber of Industry and Commerce in addition to Political Consultative Conference in Quanzhou City. He is additionally the Chairman of Quanzhou City Trade Association.