Du Shuanghua is the founder and former CEO of Rizhao Steel, which was sold in 2010 for $3.8 billion. This made him one of the richest men in China at the time. However, his road to riches was not easy. He started as a poor peasant in rural China and worked his way up through the ranks of the steel industry. This article will discuss his life and career and how he became one of the richest men in China.
Du Shuanghua was born in 1958 in a small village in rural China. He grew up in poverty and had to work hard to support his family. At the age of 18, he started working at a steel plant in Rizhao and slowly worked his way up through the ranks. In 1990, he became the general manager of Rizhao Steel, and in 2000, he became the CEO.
Under Du Shuanghua’s leadership, Rizhao Steel became one of the largest steel producers in China. In 2010, it was sold to a consortium led by Hong Kong-based investment firm Pacific Century Premium Capital for $3.8 billion. This made Du Shuanghua one of the richest men in China.
Despite his success, Du Shuanghua has remained humble and down-to-earth. He has said that his greatest achievement is not becoming rich but helping to create jobs and improve the lives of his employees. He also donates generously to charity and has set up a foundation to help underprivileged children in rural China.
Du Shuanghua is a true rags-to-riches story, and his life provides a lesson for anyone willing to work hard and persevere. He is a testament to the saying that “the sky is the limit” for those who are willing to put in the effort. Thanks to his hard work and determination, Du Shuanghua has become one of the richest men in China, and his story is an inspiration to us all. View source on Bloomberg