Li Shuirong & family
Petrochemicals · Hangzhou, Zhejiang
Net worth
$13.9B
Today
−$65M−0.47%Past month
−$779M−5.32%As of Nov 11, 2026, 1:50 PM EST
Li Shuirong is the chairman of Zhejiang Rongsheng Holding Group, which has interests in petrochemicals, logistics and real estate. Li, who previously tried to make a living as a carpenter, started his first business in 1989 after spotting an opportunity in the polyester fiber cloth market. Li is also the chairman of the group's Shenzhen-listed arm Rongsheng Petrochemical, where his son-in-law, Xiang Jiongjiong, serves as general manager. In 2023 Rongsheng Petrochemical inked a strategic partnership with Saudi Aramco, with the energy and chemicals giant acquiring a 10% stake in the former for $3.4 billion. In April 2024, the two companies agreed to each acquire a 50% stake in the other's subsidiary, ZhongJin Petrochemical and SASREF, to jointly develop projects in China and the Middle East.
Net worth over time
Principal holdings
4 positions| Company | Industry | Share | Value |
|---|---|---|---|
Rongsheng Petro Chemical Co Ltd SHENZHEN: 002493-CN | Manufacturing | 80.1% | $11.1B |
Private and other holdings | Manufacturing | 19.2% | $2.7B |
Ningbo United Group Co Ltd SHANGHAI: 600051-CN | Manufacturing | 0.5% | $74M |
Yibin Tianyuan Group Co Ltd SHENZHEN: 002386-CN | Manufacturing | 0.1% | $18M |