Zhang Yong (restaurateur)

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Zhang Yong
Born1969/1970 (age 49–50)[1]
Sichuan province, China
Net worth$13.8(October 2018)[2]
TitleFounder and CEO, Haidilao International Holding Ltd

Zhang Yong (Chinese: 张勇; pinyin: Zhāng Yǒng; born 1969/1970) is a Chinese billionaire businessman, and the founder of the Haidilao International Holding Ltd restaurant group, best known for its Hai Di Lao chain of hot pot restaurants.


Zhang Yong was born and grew up in rural Sichuan province.[1] He started work as a welder, and did not eat in a restaurant until he was 19.[3]

In 1994, he quit his job in a tractor factory and opened a restaurant with 4 tables to seat customers, [4] the first Hai Di Lao, which was cofounded by the couples Zhang Yong and wife Shu Ping, and Shi Yonghong and wife Li Haiyan.[5]

The restaurant quickly became the largest hotpot restaurant in town. A second restaurant, Lou Wai Lou, opened in 1998. In 2010, the company opened its own training school of restaurant management.[5][6]

In 2013, Hai Di Lao opened for the first time in the USA, in Los Angeles.[4]

Published work[edit]

  • Learn from Hai Di Lao, 2011[1]


As of September 2018, Forbes estimated his net worth at $8.3 billion, making him China's richest restaurant owner.[2]

He ranked #224 on Forbes' 2019 Billionaires list, 3rd richest man in singapore.[7]


  1. ^ a b c Burkitt, Laurie (24 May 2013). "Star Entrepreneur's Business Advice: Don't Listen to Me". wsj.com. Retrieved 13 September 2018.
  2. ^ a b "Hotpot billionaire Zhang Yong ousts Far East's Ng brothers to top Forbes list of Singapore's richest". straittimes.com. Retrieved 11 September 2019.
  3. ^ Dexter Roberts (7 August 2017). "China's Spicy Hotpot Billionaire Is Ready to Take on the World". Bloomberg. Retrieved 14 September 2018.
  4. ^ a b Tom Huddleston Jr. (9 October 2018). "How one man went from welding in a tractor factory to building a multi-billion dollar Chinese hotpot business". Cnbc.com. Retrieved 17 June 2019.
  5. ^ a b Zafirah Salim (27 March 2019). "How Haidilao Founder Hit Jackpot With His US$21B Hotpot Chain - Now S'pore's Third Richest". Vulcanpost.com. Retrieved 17 June 2019.
  6. ^ Li Xiang, Yu Nan (26 May 2011). "Interview with Zhang Yong: The Secret of Haidilao's Success". Eeo.com.cn. Retrieved 17 June 2019.
  7. ^ Zafira Salim (6 March 2019). "The Real Crazy Rich Asians: 22 S'pore Individuals Who Made It To Forbes' 2019 Billionaires List". Vulcanpost.com. Retrieved 17 June 2019.