Qiu Guanghe Net Worth $2.1 Billion
In the “China Rich List,” he is the 37th richest individual. He’s ranked 704th in the listing of World Billionaires. Zhejiang Semir Garment is currently working with the government-managed China Resources Land on MIXC. It is an $800 million commercial and residential property job based in Wenzhou. In June 2012, his son in law, Zhou Pingfan, took over as the president of Semir after replacing his son, Qiu Jiangjang who currently serves as the vice chairman. In the exact same month, the business announced that it would set up a brand new business called Shanghai Semir Investment. It will buy positions in apparel companies with growth potential. On December 18, 1996, Semir Group was set up. Semir was created in 1998 and was intended for informal clothing while Balabala was introduced in 2002 as China’s urbanites for boys’ and girls’ clothing.