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Li Shuirong & family

Li Shuirong & family

L. family
-0.14% | - $-21.86M
$15.88 B ₹ 1.44 Lk Cr
Real Time Net Worth #176 Ranking as of 21 Feb 2026 By Forbes

More on Li Shuirong & family

Gender

Male

Age

69Y

Country

China

Born On

June, 1956

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Petrochemicals)

Primary Organization

Rongsheng Petrochemical

Titles

Chairman

Sources of Wealth

Rongsheng Petrochemical

Industry

Petrochemicals, Energy, Textiles, Manufacturing

About Li Shuirong & family


L i Shuirong is a Chinese petrochemical magnate and the chairman of Zhejiang Rongsheng Holding Group, a dominant force in China's synthetic fiber and chemical industry. He began his entrepreneurial journey in 1989, starting with a small textile operation. With remarkable ambition, he vertically integrated his business, moving from textiles upstream into the production of polyester and its chemical precursors, such as purified terephthalic acid (PTA). This strategy allowed him to control his supply chain and build Rongsheng Petrochemical into one of the country's largest private companies in the sector.

The crowning achievement of his career has been his company's massive investment in the Zhejiang Petroleum & Chemical (ZPC) integrated refining and petrochemical complex. This multi-billion dollar joint venture is one of the largest projects of its kind globally, capable of refining crude oil and producing a vast range of chemical products. The project has dramatically scaled up Rongsheng's operations, transforming it into a global-scale energy and chemicals player and cementing Li Shuirong's status as one of China's top industrialists. His family members are also involved in the business.

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Quick Reads


  • Chairman of Rongsheng Holding Group, a petrochemical giant.
  • Started his business in the textile industry in 1989.
  • Vertically integrated his company to become a major producer of polyester and PTA.
  • His company is a key stakeholder in the massive Zhejiang Petroleum & Chemical refinery complex.
  • Rongsheng Petrochemical is listed on the Shenzhen Stock Exchange.

Early Life and Background


Li Shuirong is a Chinese businessman, the self-made billionaire Founder and Chairman of Rongsheng Petrochemical Co., Ltd. (SZSE: 002493), a massive, vertically integrated conglomerate specializing in petrochemicals, polyester, and textiles. His career is rooted in the high-capital industrial manufacturing and energy sectors.

Li's entrepreneurial journey began in 1989 when he founded a small factory to manufacture chemical fibers. His philosophy centers on vertical integration (controlling the entire process from oil refining to polyester and textile output), industrial scale, and long-term asset hold in the strategic petrochemical sector.

  • Rongsheng Petrochemical (Founder & Chairman): The core publicly traded asset, a major integrated player in petrochemicals, polyester, and textiles (a key player in China's industrial base).
  • Industrial Focus: His success is built on scale manufacturing and vertical integration across the chemical and textile supply chains.
  • Zhejiang Petrochemical Co. (Major Stake): He controls a significant stake in the massive oil refining and petrochemical complex (a major contributor to his wealth).
  • Investment Strategy: His philosophy is rooted in long-term investment in essential industrial commodities and leveraging the massive Chinese manufacturing and export ecosystem.

Career Journey of Li Shuirong & family


Li Shuirong's strategic genius was his commitment to vertical integration. Under his leadership as Chairman, Rongsheng Petrochemical expanded aggressively, successfully executing its IPO on the Shenzhen Stock Exchange. The company's structural contribution is tied to the massive industrial scaling of petrochemical production, reducing China's reliance on foreign chemical imports.

His key move was securing a major stake in Zhejiang Petrochemical, which operates a massive refining and petrochemical complex, completing the vertical loop from oil refining to final polyester output. His wealth is secured by the colossal, long-term, stable profitability of the global petrochemical, polymer, and industrial manufacturing sector.

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Li Shuirong & family's Timeline


1989:

Founds his first small factory to manufacture chemical fibers (Founding).

2010:

Rongsheng Petrochemical executes its successful IPO on the Shenzhen Stock Exchange (Financial Milestone).

2015 (approx.):

Secures a major stake in Zhejiang Petrochemical (Industrial Integration Apex).

Ongoing:

Continues as Founder and Chairman, guiding the massive industrial giant (Executive Oversight).

Major Business Ventures and Investments


Li Shuirong's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded industrial giant, Rongsheng Petrochemical Co., Ltd. (SZSE: 002493), and his stake in Zhejiang Petrochemical.

  • Rongsheng Petrochemical (Founder & Chairman): The core publicly traded asset, a major integrated player in petrochemicals, polyester, and textiles (a key player in China's industrial base).
  • Industrial Focus: His success is built on scale manufacturing and vertical integration across the chemical and textile supply chains.
  • Zhejiang Petrochemical Co. (Major Stake): He controls a significant stake in the massive oil refining and petrochemical complex (a major contributor to his wealth).
  • Investment Strategy: His philosophy is rooted in long-term investment in essential industrial commodities and leveraging the massive Chinese manufacturing and export ecosystem.

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Philanthropy and Social Impact


Li Shuirong's social impact is structural, stemming from Rongsheng Petrochemical's role as a massive industrial employer and foundational supplier of essential chemical and textile materials for global manufacturing. The company contributes significantly to China's industrial output and technological capacity.

His personal philanthropy supports various community and educational initiatives. His structural contribution is tied to the successful industrialization and vertical integration of China's strategic petrochemical sector.

Fashion, Style, and Lifestyle


Li Shuirong maintains the professional, pragmatic style of a Chinese industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic reflects serious authority and stability, typical of a leader in the high-capital chemical and energy sectors.

Residing in Hangzhou, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, manufacturing precision, and the long-term, stable growth of the petrochemical and textile empire.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the founder and Chairman of Rongsheng Petrochemical, a major integrated petrochemical and textile giant.
  • He controls a significant stake in Zhejiang Petrochemical Co. (the massive oil refining complex).
  • His company successfully executed its IPO on the Shenzhen Stock Exchange.
  • His focus is on vertical integration from oil refining to polyester and textile output.
  • He started his first factory in 1989.
  • His wealth is estimated at $2.5 billion (2025 estimate).
  • His philosophy emphasizes industrial scale and vertical supply chain control.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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