RedCarpetLife
#0 World Rank
Shi Yuzhu

Shi Yuzhu

0% | $ 0M
S. Yuzhu
Rank
#0
Net Worth
$00.0B
Gender
Male
Age
63Y
Country
China
Born On
September, 1962
Deceased
No
Relationship Status
Married
Children
1
Education

Zhejiang University – B.A. In Mathematics

Designation Info :

Self-Made
Yes
Type
Self-Made (Online Games)
Organization Name
Giant Network Group
Title
Chairman
Source

Giant Interactive, Health Supplements

Industry
Gaming, Technology, Healthcare

About S. Yuzhu


S hi Yuzhu is a flamboyant and resilient Chinese entrepreneur known for experiencing one of the country's most dramatic business collapses and subsequent comebacks. After earning a degree in mathematics, he founded the Giant Group in the early 1990s, developing and marketing popular Chinese-language word processing software. The company was a huge success, making him one of China's earliest tech millionaires. However, his ambition led him to start construction on a massive, 72-story skyscraper in Zhuhai, which overstretched the company's finances and led to its spectacular collapse in 1997, leaving him in massive debt.

Remarkably, Shi Yuzhu clawed his way back. He started a new company focusing on health supplements, launching a product called 'Brain Gold' (Nao Baijin), which became a massive commercial success through a famously relentless and often-criticized advertising campaign. With the profits from his health supplement business, he re-entered the technology sector, this time focusing on online gaming. He founded Giant Interactive, which developed the hugely popular online role-playing game ZT Online. The company's successful listing on the New York Stock Exchange in 2007 marked the completion of his incredible return, making him a billionaire once again.

Quick Reads


  • A legendary Chinese entrepreneur known for a major business failure and comeback.
  • First made a fortune with Giant Group's word processing software in the 1990s.
  • Went bankrupt after a failed skyscraper project.
  • Made a second fortune with the health supplement 'Brain Gold'.
  • Became a billionaire again by founding the successful online gaming company Giant Interactive.

More Profiles


Advertisement

You May Like