The Life and Legacy of Zhang Li

Zhang Li 1

Biography of Billionaire Zhang Li


Zhang Li is a Chinese business magnate who founded the luxury mall developer and operator, Grand Joy Holdings Group Ltd. Forbes has estimated his net worth to be around $1.7 billion, as of May 2021.

Early Life and Education

Zhang Li was born in China in 1972. He grew up in a family of entrepreneurs and was exposed to business operations at a young age. He attended Yiwu Industrial and Commercial College and obtained a degree in commercial management.

Career and Achievements

After graduation, Zhang Li worked for several companies in China before founding Grand Joy Holdings in 2003. The company focuses on developing and operating high-end retail malls in China, targeting wealthy consumers.

Grand Joy Holdings has built a reputation for designing malls that offer a unique shopping experience with luxury and high-end brands. Some of the malls developed by the company include the Bailian Outlets Plaza in Hangzhou, Zhejiang, and the Nanjing Asia-Pacific Digital Trade Center in Nanjing, Jiangsu.

Under Zhang Li’s leadership, Grand Joy Holdings has expanded rapidly in China and is now one of the leading retail mall developers in the country. The company has formed partnerships with international luxury brands such as Gucci, Prada, and Louis Vuitton.

In addition to his role at Grand Joy Holdings, Zhang Li has also served as a standing committee member of the eighth session of the Yiwu Municipal People’s Congress.

Personal Life

Zhang Li is known for his low profile and prefers to focus on his work rather than his personal life. He is married and has two children.


Name Zhang Li
Born 1972
Country China
Sector Real Estate
Companies Grand Joy Holdings Group Ltd
Net Worth $1.7 billion (as of May 2021)
Forbes URL
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