Miao Shouliang Net Worth & Biography

Miao Shouliang Net Worth & Biography

Miao Shouliang is an accomplished Chinese businessman who started out trading tobacco leaves in his village before leasing a falling stone quarry in Shenzhen with $60 at the age of 33. Since then, he has achieved tremendous success with his Fuyuan operation which has expanded massively to include Shenzhen real estate, solar power components, household electronic products manufacturing, a shopping mall, and power generation tools for hydropower projects. Mr. Miao is well-connected in his country of China as a representative of the Chinese People’s Political Consultative Conference (CPPCC), the key consultative body to the leadership. His wealth is put at several millions of dollars by Forbes magazine and he is listed as one of the 400 Richest Chinese businesspeople alive. We bear all the above in mind as we dive deeper into various aspects of the businessman’s life, profession, investments, finances, accomplishments, and more. Do stay with us on the article.

Early Life: Childhood, Education

Miao Shouliang was born in 1955 in the People’s Republic of China. His parents were Chinese citizens and raised him within the country.

Growing up, all that he knew was harsh levels of poverty and lack of anything good. His parents were poor traders whose primary source of income was farming. Thus, Miao was never sent to school as his parents couldn’t afford it.

He started to fend for himself from an early age, trading little basic commodities to earn a living. He did a lot of odd jobs in order to earn a little cash to support his parents and his siblings.

Professional Life: Business Career

Extreme levels of poverty did not allow Miao Shouliang to acquire an education. In the beginning, starting from his teenage days, he did many businesses and found himself doing all kinds of legitimate jobs just to be able to keep things going forward for him and his also struggling family members.

He went on to start a tobacco trading business in his hometown and continued on this path of trading tobacco leaves until his early thirties. At the age of 33, with the sum of $60 he has struggled to save, he leased a dying stone quarry in Shenzhen and started more important things for himself from there.

It didn’t take long for his new business to start flourishing because he was dedicated right from the beginning and never allowed anything or anyone to try to discourage him from gunning for success. Today, Miao is the chairman of the private Shenzhen Fuyuan Group which he founded from scratch and expanded to become a leading business in his country. His company is focused on several profitable things, including food, energy, education, real estate, tea, and blue sapphire technology.

His Fuyuan group’s operations have expanded massively to include Shenzhen real estate, solar power components, household electronic products manufacturing, a shopping mall, and power generation tools for hydropower projects.

Mr. Miao is highly socially connected in his country of China as a representative of the Chinese People’s Political Consultative Conference (CPPCC), the key consultative body to the leadership.

He is also identified as one of China’s most prosperous Hakkas, known to be a group of Han Chinese that have their own unique Chinese dialect and culture.

Personal Life: Marriage, Children

The Chinese billionaire is a married man and a father figure. He lives in Hong Kong with his wife and their only son who also has a slot in his flourishing company and may succeed his father one day.

Miao Shouliang Net Worth: Salary, Income Sources, Assets

From being a struggling poor person to becoming one of the wealthiest entrepreneurs on the surface of the earth, Miao Shouliang has seen life from different angles. She started out by trading petty things including tobacco leaves, but now, he is into a lot of lucrative businesses which provides him his luxurious status today.

Miao Shouliang’s net worth is estimated by Forbes to be $1.3 billion. He earns his finances from his Fuyuan Group of companies which he founded decades ago and now heads as chairman and president. His company is headquartered in Shenzhen, China, and has interests in an array of businesses, including blue sapphire tech, tea making and distribution, new materials, real estate, property management, education, and food. He is listed as one of the 400 richest people in China and as one of the top ten in Shenzhen. To also mention, he serves his country China as a representative of the Chinese People’s Political Consultative Conference (CPPCC), the key consultative body to the leadership.

His primary residence is a befitting $30 million luxury property in the city of Shenzhen where most of his businesses are based, and he lives here with his wife and family.