Biography of Billionaire Yangyong Luo & Family

Overview

Yangyong Luo is a Chinese billionaire and the Executive Chairman of the Shenzhen-listed Shenzhen Yumei Integrative Technology Co Ltd. He also serves as the Chairman of Guangdong Haid Group Co Ltd, Guangdong Guangxin Holdings Group Ltd, and several other companies. The Forbes Real Time Billionaires List estimated his net worth to be $3.3 billion as of August 2021.

Early Life and Education

Yangyong Luo was born in 1965 in Guangdong Province, China. He grew up in a poor family and had to work at a very young age to support his family. Luo attended the Guangdong Institute of Finance and Economics, where he earned a degree in accounting.

Career and Achievements

After completing his education, Yangyong Luo began working as a government official in Guangdong Province. He soon realized that he wanted to pursue a career in business and started his own company, Guangdong Haid Group Co Ltd, in 1993.

Under Luo’s leadership, the Haid Group expanded rapidly and became one of China’s largest animal feed producers. The company went public in 2000, and its shares now trade on the Shenzhen Stock Exchange. Luo also founded Guangdong Guangxin Holdings Group Ltd, which specializes in dairy products and has become one of the largest dairy producers in China.

In addition to his work in the animal feed and dairy industries, Luo has also been involved in real estate development and investment. He serves as the Chairman of Shenzhen Yumei Integrative Technology Co Ltd, which provides investment and financing services to companies in various sectors.

Luo’s business acumen and success have earned him numerous accolades and honors. In 2013, he was named “Businessman of the Year” by Forbes China. He has also been recognized with the “Outstanding Private Entrepreneurs Award” by the Guangdong Provincial Government and the “Top 10 Figures in China’s Dairy Industry” award by the China Dairy Industry Association.

Personal Life

Yangyong Luo is married and has two children. He is known for his philanthropy and has donated millions of dollars to various charitable causes in Guangdong Province. In 2016, he donated RMB 50 million (approximately $7.5 million) to the Guangdong Science and Technology Innovation Service Platform to support innovation and entrepreneurship.

Profile