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]
Zhang Shiping | |
---|---|
Born | China | 25 November 1946
Died | 23 May 2019 72) | (aged
Nationality | Chinese |
Education | Anhui University of Finance and Economics |
Occupation | CEO, China Hongqiao Group |
Known for | Founder, Weiqiao Textile |
Net worth | $5.9 billion (July 2017)[1] |
Spouse(s) | married |
Children | 3 |
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
- "Zhang Shiping". Forbes. Retrieved 28 July 2017.
- "*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.
- "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.
- "China aluminum magnate Zhang Shiping dies aged 73". Reuters. 24 May 2019. Retrieved 26 May 2019.
- "China's 'Aluminum King' Dies at 72 - Caixin Global". www.caixinglobal.com. Retrieved 26 May 2019.
- "China Rich List 2014". Hurun. Retrieved 23 February 2015.
- Cang, Alfred (23 May 2019). "Bloomberg: Chinese Tycoon Who Shook Up Global Aluminum Industry Dies at 73".