- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $1.8 Billion
What is Zhang Zhirong's Net Worth?
Zhang Zhirong is a Hong Kong entrepreneur who has a net worth of $1.8 billion. Actively involved in the real estate and shipbuilding business, Zhang Zhirong managed to regain his billionaire status even though he faced several trials in the past year. The main generator of Zhang's net worth is the Hong Kong real estate arm, Glorious Property, which recently failed to win the support of shareholders for a privatization plan.
On the other side, Zhang's shipbuilder China Rongsheng successfully raised $178 million in new capital from Action Phoenix, a member of the VMS Investment Group, apart from being in a bad financial condition. In 2013, Zhang withdrew from chairing the companies in order to "devote more time to his personal endeavors." He made that decision after a company closely related to him was fined for insider trading in the States.
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