Chinese businessman Li Shufu has an estimated net worth of $3.1 billion as of May 2015 according to Forbes. He’s affiliated withZhejiang Geely Holding Group Co. Ltd.where he now serves as the Chairman. Li Shufu was born in 1963 inTaizhou,Zhejiang,China. He finished his master’s degree fromYanshan University. Now wed, Li Shufu is now based inHangzhou, Zheijiang Province. In 1986, Li Shufu launchedGeely Automobilewhere he additionally serves as the Chairman. Today, Geely Automobile is considered as China’ssecond largest private automobile manufacturer. In March 2010, he sealed a deal which was reported to cost aroundU.S. $1.8 billion to be able to purchase Volvo Carsfrom Ford Motor Company. The deal was considered as the largest foreign purchase produced by a Chinese car manufacturer.