Liu Yonghao


Liu Yonghao is a businessman in agribusiness in China. He is the founder and Chairman of New Hope, the biggest animal feed producer in China. He is also involved in banking. He is the 24th richest man in China.

His Life

Liu Yonghao started his career teaching at a technical school. He and his three brothers quit their jobs in the government in 1982 to invest in breeding quails and chickens to sell to farmers in Sichuan province. They then joined the animal-feed business, and by 1992, their company Hope Group went large. They created the Hope Group in 1992, and in 2010 it was the largest animal feed group in China.
He helped established the China Minsheng Bank, and in 2011 he owned 7 per cent of that bank's shares.
In 2011, Liu was vice-chairman of China Minsheng Bank and chairman of the New Hope Group. That year, the 2010 Forbes list of the 400 Chinese ranked him at Number 21, with his wealth estimated at $3 billion.
In 2011, he told the Financial Times that he was focused on creating agricultural co-operatives to help peasant farmers industrialize their plots, and his company had set up 100 of them, and also set up underwriting companies to help peasant farmers get loans.
In 2012, Fortune chose him as one of their 15 business people who had changed China.
By 2016, his fortune was $5.5 billion.
He is a member of the Sino-Australia 100-Year Agricultural and Food Safety Partnership.

Personal life

His older brother is Liu Yongxing. He has one daughter.