Image: Public domain | via Wikimedia Commons
Hu Baifan, a 63-year-old Chinese citizen, is a prominent figure in the pharmaceutical industry. His wealth stems from his role as the chairman of Zhejiang NHU, a major producer of vitamins A and E. After teaching chemistry early in his career, he founded a company that initially produced industrial ethanol, later expanding into ingredients for vitamins. As of 2024, his estimated net worth is $4.4 billion, reflecting his successful career in pharmaceuticals.
Hu Baifan was born in October 1962. After graduating from college in 1982, Hu Baifan began his career teaching chemistry at a remote vocational school in China. He later pursued further education, earning an MBA from Zhejiang University.
In 1988, Hu Baifan started a small factory to make industrial ethanol, with funding from his fellow teachers. This factory evolved into a significant enterprise, producing ingredients for vitamins. The company, Zhejiang NHU, has since become one of the world's largest producers of vitamins A and E. His younger brother, Hu Baishan, serves as the company's vice chairman and chief executive.
Hu Baifan's success is attributed to a focus on innovation and expansion in the fine chemicals sector. Under his leadership, NHU has adopted the mission of "innovate fine chemicals and improve the quality of life". The company emphasizes innovation-driven development and has established a Human Nutrition Business Unit. NHU has also developed several world-leading products and expanded globally.
Information regarding Hu Baifan's specific philanthropic initiatives and amounts is not readily available in the search results.
Began career teaching chemistry at a vocational school.
Started a small factory producing industrial ethanol which later expanded into vitamin ingredients.
Information regarding specific philanthropic efforts is unavailable.
NHU focuses on innovation-driven development and growth in market competition.
Hu Baifan is committed to providing quality products and solutions that enhance safety, health, and nutrition.
