Zhang Shiping

Zhang Shiping (Chinese: 张士平; 25 November 1946[2] – 23 May 2019)[3] was a Chinese entrepreneur. He oversaw the rise of China Hongqiao Group to become the world's biggest aluminum producer[4] and was dubbed China's "Aluminum King"[5]. On May 23, 2019, Zhang died of an unspecified illuness according to the official announcement of his hometown Zouping county in Shandong province.[5]

This is a Chinese name; the family name is Zhang.
Zhang Shiping
Born(1946-11-25)25 November 1946
China
Died23 May 2019(2019-05-23) (aged 72)
NationalityChinese
EducationAnhui University of Finance and Economics
OccupationCEO, China Hongqiao Group
Known forFounder, Weiqiao Textile
Net worth$5.9 billion (July 2017)[1]
Spouse(s)married
Children3

Early life

Zhang Shiping was born in 1946.[6] He received a degree in cotton testing from Anhui University of Finance and Economics.[7]

Career

Zhang Shiping founded Weiqiao Textile, the world's largest cotton-textile maker, which is now headed by his daughter Zhang Hongxia.[1]

In 1981 when Zhang was 35, he was promoted to general manager of Zuoping's No. 5 Cotton Ginning plant. In 1994, he and other managers established their own cotton -processing business called Weiqiao Textile Co..[7] It later became the world's largest cotton-yarn and denim maker and listed in Hong Kong in 2003.[7] Zhang decided to move to aluminum industry. The move led to an aggressive expansion of the company, and the company was later renamed China Hongqiao Group Ltd.[7] Hongqiao surpassed Russian titan United Co. Rusal and China's SOE Aluminum Corp. of China Ltd. to become the largest producer in the world[7][4] and was listed in Hong Kong in 2011.[4] According to Forbes estimates, Zhang's net worth is $4.7 billion, ranking 484th in Forbes Billionaires 2019 list.[4]

Personal life

He was married with three children and lived in Binzhou, China.[1]

References
  1. "Zhang Shiping". Forbes. Retrieved 28 July 2017.
  2. "*ST鲁丰：于荣强拟19.95亿元出让控股权 张士平成新实控人-公告解读-上市公司-上海证券报·中国证券网". ggjd.cnstock.com. Retrieved 26 May 2019.
  3. "山东魏桥创业集团创始人张士平逝世，享年73岁". 3w.huanqiu.com. Retrieved 26 May 2019.
  4. "China aluminum magnate Zhang Shiping dies aged 73". Reuters. 24 May 2019. Retrieved 26 May 2019.
  5. "China's 'Aluminum King' Dies at 72 - Caixin Global". www.caixinglobal.com. Retrieved 26 May 2019.
  6. "China Rich List 2014". Hurun. Retrieved 23 February 2015.
  7. Cang, Alfred (23 May 2019). "Bloomberg: Chinese Tycoon Who Shook Up Global Aluminum Industry Dies at 73".
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