Chen Fashu: From humble beginnings to billionaire philanthropist

Chen Fashu 1 1

Chen Fashu: The Self-made Billionaire


Chen Fashu is a Chinese entrepreneur and business magnate who has made a fortune in the finance, real estate, and healthcare industries. He is the founder and Chairman of the Newhuadu Group, a conglomerate that has diverse interests in real estate development, finance, technology, and education. Chen is also a philanthropist who has donated millions of dollars to charitable causes in China and abroad.

Early Life and Education

Chen Fashu was born in 1961 in Fujian province, China. He was raised in a rural family and had a tough childhood, having to help his parents with farm work from a young age. Despite his difficult circumstances, Chen was a bright student and graduated from high school with excellent grades.

Chen studied at Shanghai Jiao Tong University, where he earned a degree in economics. After graduation, he started working for a state-owned company, but soon realized that he wanted to start his own business.

Career and Achievements

In 1990, Chen Fashu left his job and founded the Newhuadu Group, which initially focused on real estate development. Over the years, the company has expanded into other industries and has become one of the largest and most successful private enterprises in China.

Today, the Newhuadu Group has investments in real estate development, banking, healthcare, education, technology, and other sectors. Chen also founded the Huaxia Bank, one of the largest commercial banks in China. He is also the Chairman of Fujian Grand Chip Investment Fund, a private equity fund that invests in technology and healthcare firms.

Chen Fashu has received numerous awards and honors for his contributions to China’s economy and society. In 2016, he was named one of the Top 10 Most Influential People in the Chinese Real Estate Industry. In 2018, he was honored with the Forbes Lifetime Achievement Award for his philanthropy work.

Personal Life

Chen Fashu is a private person who rarely gives interviews to the media. He is married and has two children. He is also an avid collector of Chinese art and antiques and has a vast collection that is worth millions of dollars.

Chen is a philanthropist who has donated millions of dollars to various causes, including education, healthcare, and disaster relief. He has also set up several charitable foundations to help disadvantaged communities in China.


Name: Chen Fashu
Born: 1961
Country: China
Sector: Real estate, finance, healthcare
Companies: Newhuadu Group, Huaxia Bank, Fujian Grand Chip Investment Fund
Net Worth: US $9.1 billion
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