Xu Jingren

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Xu Jingren
Native name
徐镜人
Born1944 (age 74–75)
EducationB.A.
OccupationPharmaceutical executive, philanthropist
Net worthUSD$4.6 billion (October 2018)[1]
Children2

Xu Jingren (Chinese: 徐镜人; born 1944) is the chairman and president of Yangtze River Pharmaceutical Group,[2] National People's Congress delegate and honorary vice-minister in China's Ministry of Health. Xu has been an outspoken research leader in China, where he has frequently called for labor reform and business regulation.[3] As of 2018, his estimated net worth is USD$4.6 billion,[4] one of four family members to be listed among the world's wealthiest.

Family[edit]

The family were noted victims of the 2015 Chinese stock market crash, during which they lost approximately 40% of their previously estimated USD$8 billion combined net worth.[5] Despite this, Xu Jingren and his relatives continue to be mentioned as one of China's top "vampire billionaire" families with majority investments abroad.[6][7][8]

References[edit]

  1. ^ "Xu Jingren". Forbes.com. Retrieved 5 October 2018.
  2. ^ "Company Overview of Jiangsu Yangtze River Pharmaceutical Group Company Ltd". Bloomberg.com/. Bloomberg Business.
  3. ^ "Deputy: cost cutting affects public health". Npc.gov.cn. NPC.
  4. ^ "Xu Jingren Net Worth". Forbes.com. Forbes Magazine.
  5. ^ "China's Richest Billionaires Lost $195 Billion In One Month Amid Stock Market Rout". Forbes.com. Forbes Investing. Retrieved 22 October 2015.
  6. ^ Lu Stout, Kristie. "Meet China's 1%: The billionaires in Beijing's halls of power". edition.cnn.com/. CNN. Retrieved 22 October 2015.
  7. ^ Hoogewerf, Richard. "Who are China's 'vampire' billionaires?". money.cnn.com/. CNN. Retrieved 22 October 2015.
  8. ^ Branigan, Tania. "Politburo, army, casinos: China's corruption crackdown spreads". Theguardian.com. The Guardian UK. Retrieved 22 October 2015.