L iu Yonghao is one of China's most respected first-generation entrepreneurs and the chairman of the New Hope Group. His story began in the early 1980s, during the dawn of China's economic reforms, when he and his three brothers resigned from their state jobs. They pooled a small amount of capital, equivalent to about $120, and started a business raising quails and chickens in their home province of Sichuan. This venture evolved into the Hope Group, which they grew into one of China's largest producers of animal feed.
In the mid-1990s, the brothers amicably divided the business assets. Liu Yonghao went on to establish and lead the New Hope Group, which he transformed into a vast agribusiness conglomerate. Today, New Hope's interests span the entire food production chain, from animal feed and livestock breeding to meat processing, dairy products, and food distribution. He has also successfully diversified the group into other sectors, including real estate, chemicals, and finance, with a particular focus on banking. After decades at the helm, he has handed over the chairmanship of the group's main listed company, New Hope Liuhe, to his daughter, Liu Chang, though he remains the ultimate strategic leader of the family empire.
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Liu Yonghao is a Chinese businessman, the self-made billionaire Founder and Chairman of New Hope Group, one of China's largest agri-business conglomerates (spanning feed production, food processing, real estate, and finance). Born in Xinjin County, Sichuan, in 1951, his career is rooted in education and entrepreneurial audacity.
Liu initially worked as a village teacher and administrator before pivoting to business. In 1982, he and his three brothers sold their bicycles and watches for 1,000 yuan (about $150) to start a quail and chicken breeding farm—the highly humble genesis of the New Hope Group. His philosophy centers on scale, vertical integration, and social responsibility (alleviating poverty).
Liu Yonghao's strategic genius was his commitment to vertical integration in agribusiness. He transformed his small farm into New Hope Group, expanding aggressively into animal feed production (which became the core asset). His structural contribution is immense: pioneering the industrialization and professionalization of the Chinese agricultural sector, ensuring stable food supply for the nation.
The Liu brothers later divided their assets, with Liu Yonghao retaining New Hope Group. He led the company's diversification into real estate and financial services, providing structural stability. His wealth is secured by the colossal, long-term, stable profitability of the global agri-food and industrial sectors.
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Sells bicycles and watches with his brothers for 1,000 yuan to start a quail/chicken breeding farm (Founding).
New Hope Group is formally established (Corporate Founding).
Named 'Businessman of the Year' by Asia Business (Industry Honor).
New Hope diversifies into finance, real estate, and dairy (Strategic Diversification).
Continues as Founder and Chairman, guiding the massive agri-food empire (Executive Oversight).
Liu Yonghao's wealth is concentrated in his founding equity and continued executive leadership of the private industrial giant, New Hope Group, and its publicly traded subsidiary, New Hope Liuhe (SZSE: 000876).
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Liu Yonghao's social impact is structural, stemming from New Hope Group's role as a massive employer and foundational provider of essential food commodities (feed, meat) that contributes significantly to China's food security. His personal philanthropy is immense, focusing intensely on poverty alleviation and rural education (donating billions of yuan).
His structural contribution is tied to the successful industrialization and professionalization of the Chinese agricultural sector.
Liu Yonghao maintains the professional, pragmatic style of an industrial executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the specialized agribusiness sector.
Residing in Chengdu, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, resource control, and the long-term, stable growth of the agri-food empire.
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0% | $0.00M
-0.14% | -$7.61M
This profile is compiled from verified biographical and financial records:
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