Xu Rongmao

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Template:Short description Template:Use dmy dates Template:Family name hatnote Script error: No such module "infobox".Script error: No such module "Check for unknown parameters".Script error: No such module "Check for clobbered parameters".Template:Wikidata image Xu Rongmao Template:Post-nominals (Template:Zh; born 1950), or Hui Wing Mau in Cantonese, is a Chinese-Australian[1] entrepreneur and billionaire, and the founder and the chairman of Shimao Property. Xu is estimated to be one of the largest property developers in Shanghai.

Career

In 1988, he claimed to invest Template:USDTemplate:To USD million in a knitting factory in his hometown, but he intended to build a hotel instead, although investments in private hotels were forbidden at that time.Script error: No such module "Unsubst". However, as soon as the construction was completed, the government policy was changed to allow private owners to have their hotels. Then Xu became the owner of the first private three-star hotel in China. He then started to invest into developing residential complexes and resorts in Fujian.Script error: No such module "Unsubst".

In the 1990s, he expanded his real estate business into Beijing and Shanghai. He undertook several property ventures in Australia in the 1990s. In 2005, The New York Times reported he had moved his family to Template:NTcity, Australia.[2] He completed his Master of Business Administration via distance-learning from the University of Adelaide[1][2] and invested in real estate in the early 1990s. In 2003-04, Xu was the largest individual donor to the NSW branch of the Australian Labor Party.[1][2]

In the 2000s, he expanded his business by acquiring listed companies including Shimao Holdings (listed on the Shanghai Stock Exchange) and Shimao International (previously listed on the Hong Kong Stock Exchange), while the latter was privatized by him in 2007.[3] Shimao Property was listed on the Hong Kong Stock Exchange in 2006.[4]

Personal life

In 2008, Xu was reported to be interested in buying Newcastle United F.C. from then owner Mike Ashley.[5]

Net worth

Xu's net worth is compiled on the Financial Review Rich List, the Forbes China Rich List, and the Hurun Report China Rich List. According to Forbes, in 2021 his net worth was estimated at $10.3 billion.[6] since May 2025Template:Dated maintenance category (articles)Script error: No such module "Check for unknown parameters"., Xu's net worth was assessed at Template:AUD3.89 billion on the Financial Review 2025 Rich List.[7]

Year Financial Review
Rich List 		Forbes
China Rich List 		Hurun Report
China Rich List
Rank Net worth (Template:AUD) Rank Net worth (Template:USD) Rank Net worth (Template:USD)
2011[8][9][10] n/a not listed Template:Nts $2.40 billion Decrease
2012[11][12] n/a Steady not listed Template:Nts Increase $4.00 billion Decrease
2013[13][14][15] Template:Nts Increase $4.82 billion Increase Template:Nts Decrease Template:Nts Increase $6.90 billion Increase
2014[16][17] Template:Nts Increase $6.35 billion Increase
2015[18][19][20] Template:Nts Increase $6.89 billion Increase Template:Nts Decrease $5.40 billion Template:Nts Decrease $Template:To USD billion Decrease
2016[21][22] Template:Nts Decrease $5.39 billion Decrease Template:Nts Increase $Template:To USD billion Increase
2017[23][24][25] Template:Nts Decrease $5.96 billion Increase Template:Nts Decrease $7.22 billion Increase Template:Nts Decrease $Template:To USD billion Increase
2018[26][27][28] Template:Nts Increase $9.09 billion Increase Template:Nts Increase $Template:To USD billion Increase
2019[29][30][31] Template:Nts Steady $10.39 billion Increase Template:Nts Decrease $Template:To USD billion Increase
2020[32][33] Template:Nts Steady $18.06 billion Increase n/a not listed Template:Nts Decrease $19.10 billion Increase
2021[34] Template:Nts Decrease $11.70 billion Decrease $10.3 billion
2022 Template:Nts Decrease $4.80 billion Decrease
2023[35] Template:Nts Increase $4.90 billion Increase
2024[36] Template:Nts Template:Down $3.35 billion Template:Down
2025[7] Template:Nts Steady $3.89 billion Template:Up
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

References

<templatestyles src="Reflist/styles.css" />

  1. ↑ a b c Cite error: Script error: No such module "Namespace detect".Script error: No such module "Namespace detect".
  2. ↑ a b c Script error: No such module "citation/CS1".
  3. ↑ MAJOR AND CONNECTED TRANSACTION Template:Webarchive
  4. ↑ Script error: No such module "citation/CS1".
  5. ↑ Script error: No such module "citation/CS1".
  6. ↑ Script error: No such module "citation/CS1".
  7. ↑ a b Script error: No such module "citation/CS1".
  8. ↑ Script error: No such module "citation/CS1".
  9. ↑ Script error: No such module "citation/CS1".
  10. ↑ Script error: No such module "citation/CS1".
  11. ↑ Script error: No such module "citation/CS1".
  12. ↑ Script error: No such module "citation/CS1".
  13. ↑ Script error: No such module "citation/CS1".
  14. ↑ Script error: No such module "citation/CS1".
  15. ↑ Script error: No such module "citation/CS1".
  16. ↑ Script error: No such module "Citation/CS1".Script error: No such module "Unsubst".
  17. ↑ Script error: No such module "citation/CS1".Script error: No such module "Unsubst".Template:Cbignore
  18. ↑ Script error: No such module "Citation/CS1".
  19. ↑ Script error: No such module "citation/CS1".
  20. ↑ Script error: No such module "citation/CS1".
  21. ↑ Script error: No such module "Citation/CS1".
  22. ↑ Script error: No such module "citation/CS1".
  23. ↑ Script error: No such module "citation/CS1".
  24. ↑ Script error: No such module "citation/CS1".
  25. ↑ Script error: No such module "citation/CS1".
  26. ↑ Script error: No such module "citation/CS1".
  27. ↑ Script error: No such module "citation/CS1".
  28. ↑ Script error: No such module "citation/CS1".
  29. ↑ Script error: No such module "citation/CS1".
  30. ↑ Script error: No such module "citation/CS1".
  31. ↑ Script error: No such module "citation/CS1".
  32. ↑ Script error: No such module "citation/CS1".
  33. ↑ Script error: No such module "citation/CS1".
  34. ↑ Script error: No such module "citation/CS1".
  35. ↑ Script error: No such module "citation/CS1".
  36. ↑ Script error: No such module "citation/CS1".

Script error: No such module "Check for unknown parameters".

External links

Retrieved from "http://debianws.lexgopc.com/wiki143/index.php?title=Xu_Rongmao&oldid=6919264"