Dongyang, Zhejiang, PRC
|Alma mater||Fudan University|
|Occupation||Founder & Chairman Fosun International Limited|
|Net worth||US$2.7 billion (2013)|
Guo Guangchang (Traditional: 郭廣昌; Simplified: 郭广昌) (born 1967), is a Chinese entrepreneur. He is the chairman of Fosun International Limited and the representative of 12th Chinese People's Political Consultative Conference. Guo Guangchang is often regarded as China's own Warren Buffett by publications such as Financial Times. As of 2012 he was listed as the 34th richest person in China by Forbes, with a net worth of $2.12 billion.
Mr. Guo Guangchang is the Chairman of Fosun Group, a renowned Chinese investment company. Mr. Guo is a member of the National Committee of the 12th Chinese People's Political Consultative Conference, a member of the Standing Committee of All-China Federation of Industry and Commerce, a member of the Standing Committee of All-China Youth Federation, the Honorary Chairman of Shanghai Zhejiang Chamber of Commerce.
Mr. Guo Guangchang was born in Dongyang, Zhejiang. In 1989, Mr. Guo received his B. A. in Philosophy from Fudan University. Mr. Guo also received an MBA from Fudan University.
In 1992 Mr. Guo Guochang founded Guangxin Technology Development Company Ltd., which was among the first to use scientific methods in market research in mainland China. Since 1994, Mr. Guo Guangchang has been the Chairman of Fosun Group and invested in insurance, pharmaceuticals and healthcare, property, steel, mining, retail, services, finance and other investment, and asset management, creating one of the largest non-state owned enterprises in China.
In recent years, Fosun aims to become a professional and international leading investment group with focus on China’s growth momentum. In 2007, Fosun International (00656.HK), the holding company of Fosun, was listed on the HKSE. It has initiated a business model of combining China's growth momentum with global resources. Fosun has established private equity funds with Carlyle Group and Prudential Financial, Inc. With its global strategy unfolded, Fosun has teamed up with IFC in reinsurance business, invested in Club Med of France and Folli Follie of Greece to jointly explore opportunities brought by the growth of China's economy.
Mr. Guo Guangchang is dedicated to charity work. He is the vice chairperson of China Glory Society, China Social Entrepreneur Foundation and Youth Business China Foundation. Fosun has donated an aggregate of up to 600 million RMB to charity causes to help fight poverty, improve the access to education and provide natural disaster relief.
In the 2010 Shanghai World Expo, Mr. Guo Guangchang, together with 15 other Chinese entrepreneurs, jointly funded the Chinese Private Enterprise Pavilion, which recorded the debut of China’s non-state-owned enterprises in the history of World Expo. The showcase of the development of China’s private sector was widely praised and well recognized among visitors worldwide.