Li Jinyuan
| Li Jinyuan | |
|---|---|
| Born | Chinese: 李金元 1958 Cangzhou, Hebei |
| 🏡 Residence | Tianjin |
| 🏳️ Nationality | Chinese |
| 🎓 Alma mater | Nankai University |
| 💼 Occupation | Businessman |
| Board member of | Tiens Group |
Li Jinyuan (Chinese: 李金元; born 1958) is a Chinese billionaire and philanthropist. He is the founder, chief executive, and chairman of Tiens Group, a direct seller of healthcare products. He was featured on Forbes' 2011 list of the world's billionaires as the 24th richest person in China at that time.
Early life and education[edit]
Li Jinyuan was born in Cangzhou, Hebei Province, in 1958.[1] He dropped out of school at the age of 14 and worked in an oilfield for two years before starting in business on his own account.[2] He has an MBA from Nankai University.[1]
Career[edit]
Li founded Tiens Group, a direct seller of healthcare products, in Tianjin in 1995.[1] It was reported in 2015 that the company had 12,000 employees.[3] He is now chairman and chief executive.[4]
In 2011, Forbes magazine estimated his wealth at $1.2B US,[1] making him the 24th richest person in China at that time.[3]
He received press attention in 2015 when he took 6,400 of his employees on holiday to France at a cost of £24m.[3] Li was pictured greeting his employees at the opening parade standing in a United States Army jeep.[5] The event required the booking of 140 hotels in Paris, and 7,600 tickets on France's high-speed TGV trains to transport his staff to the French coast where over 4,000 rooms were required in hotels in Monaco and Cannes.[3] The visit was described by the International Business Times as an "expensive gesture" that demonstrated the "growing economic power of China".[6]
Philanthropy[edit]
According to Forbes, Li has created a Tiens Meijing International Charitable Foundation with an endowment of approximately $100 million and also provided $100 million to start a private school in Tianjin known as the Tianshi College which in 2011 enrolled over 3,000 students.[1]
The Economic Times reported in 2016 that Li had "contributed generously to flood and tsunami-relief efforts and the fight against the SARS virus".[2]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 Li Jinyuan. Forbes. Retrieved 15 August 2018.
- ↑ 2.0 2.1 Meet five billion dollar titans of China apart from Alibaba's Jack Ma. The Economic Times, 24 May 2016. Retrieved 15 August 2018.
- ↑ 3.0 3.1 3.2 3.3 Li Jinyuan: Chinese billionaire takes 6,400 Tiens Group staff on holiday at cost of £24m. Ben Tufft. The Independent, 10 May 2015. Retrieved 15 August 2018.
- ↑ Li Jinyuan. Bloomberg. Retrieved 15 August 2018.
- ↑ The ultimate package holiday: Chinese billionaire takes 6,400 staff to France. Nicola Davison, The Telegraph, 10 May 2015. Retrieved 15 August 2018.
- ↑ Chinese billionaire Li Jinyuan takes 6,400 staff on holiday to France. Mark Piggott, International Business Times, 9 May 2015. Retrieved 15 August 2018.
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