Chen Fashu

CEO, New Huada Group

Real-Time Net Worth

$3.17B

As of December 2025

Age

Source

Investments

Industry

finance-investments

Citizenship

Biography

Chen Fashu, a prominent Chinese billionaire, is the Chairman of the New Huada Group, a major player in the finance and investment industry. With a current net worth of $3.17 billion, Chen has risen to prominence through strategic investments and a diversified business empire. Born in Fujian province, China, in 1960, Chen's career began with ventures in timber trading and retail before evolving into significant investments in mining, pharmaceuticals, and breweries. Chen's journey from humble beginnings to a globally recognized billionaire exemplifies his business acumen and commitment to success. He is known for his strategic acquisitions, including a stake in Tsingtao Brewery. Chen is married and has four children and resides in Fuzhou, China.

In-Depth Profile

Early Life

Chen Fashu was born in 1960 in the Fujian province of China. Details about his early life and childhood are undisclosed. He was born into impoverished conditions and did not complete his primary education. However, these hardships shaped his future and instilled in him a strong drive to succeed.

Rise to Success

Chen's entrepreneurial journey began at the age of 21 with timber trading. He later transitioned to the retail sector, opening the New Huada Departmental Stores in 1995 and the New Huada Supercentre in Fuzhou within four years. These ventures laid the foundation for the New Huada Group, a diversified conglomerate that has expanded into various sectors, including investment management, mining, real estate, and pharmaceuticals. Chen is known for his savvy investments, including a 7% stake in Tsingtao Brewery acquired in 2009.

Key Business Strategies

Chen's key business strategies include strategic investments and diversification. He has successfully identified and invested in promising sectors, leading to significant wealth accumulation. The acquisition of a stake in Tsingtao Brewery and his leadership at New Huada Group showcase his strategic approach to business. He is also noted for his investments in Zijin Mining Group.

Philanthropy

Chen established the New Huadu Charitable Foundation in 2009, demonstrating his commitment to giving back to society. Though exact figures are not available, his contributions reflect his dedication to philanthropy.

Career Milestones

1983

Entered the retail sector

Opened New Huada Departmental Stores.

1995

Founded New Huada Group

Established a diversified conglomerate.

2009

Acquired Tsingtao Brewery stake

Purchased a 7% stake in Tsingtao Brewery.

2009

Established the New Huadu Charitable Foundation

Focused on education issues.

2018

Chairman of Yunnan Baiyao Holdings

Elected Chairman

Philanthropy & Social Impact

Education

New Huadu Charitable Foundation

$XB

Focuses on educational causes.

Controversies & Challenges

2009

Yunnan Baiyao Stake Acquisition

Chen's attempt to acquire a stake in Yunnan Baiyao Group faced regulatory hurdles and legal challenges.