Zhang Yong (restaurateur)

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Zhang Yong
Born1969/1970 (age 49–50)[1]
Sichuan province, China
NationalityChinese
OccupationBusinessman
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.

Biography[edit]

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]

Wealth[edit]

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]

References[edit]

  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.