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Billionaire Profile
Li Guoqing
Global Rank
#2812

Image: Unsplash Contributor | Unsplash License | via Unsplash

Li Guoqing

CEO, Petro Fibre
CHINA
Real-Time Net Worth
$1.371B
Estimated based on Petro Fibre stock value as of May 3, 2026
0% (24h)
Age
56
Source
Petro Fibre
Industry
Manufacturing
Citizenship
CHINA

Biography

Li Guoqing, a self-made billionaire, is a prominent figure in China's business landscape, primarily known for his wealth derived from Petro Fibre. Born in 1968, Li, at 56 years old, has a reported net worth of $1.6 billion as of March 2024. His career began with the co-founding of Dangdang, one of China's first and most well-known online book retailers in 1999, which he later left. Li is now a supervisor of Rongsheng Petrochemical, a company that specializes in the production and marketing of petrochemical and chemical fiber. Li's entrepreneurial journey includes controversies, such as his public dispute with his ex-wife over Dangdang's control, which has kept him in the public eye.

Fact Checked
Verified by Editorial Team
Live Data
Updated 5/3/2026

Wealth Over Time

In-Depth Profile

Early Life

Born in China, Li Guoqing's early life laid the foundation for his future entrepreneurial endeavors. Information regarding his early life and education is limited, but he has a degree from Peking University.

Rise to Success

Li Guoqing co-founded Dangdang.com in 1999 with his wife Peggy Yu. Dangdang was a pioneer in China's e-commerce sector, initially focusing on online book sales before expanding to other product categories. The company's success made Li a prominent figure in the business world. Later, he was the co-founder and former CEO of Dangdang.

Key Business Strategies

Li's career at Dangdang focused on establishing a strong online presence and building a robust e-commerce platform. After leaving Dangdang, he is now a supervisor of Rongsheng Petrochemical. Although details are sparse, his success comes from Rongsheng Petrochemical which focuses on petrochemical and chemical fiber.

Philanthropy

While the details of Li Guoqing's philanthropy are not widely publicized, recent reports show that Li Guoqing has donated 1 million yuan to Li Yapeng. Additionally, in 2025, Li Guoqing invested 50 million yuan to establish a public welfare foundation to address the major medical expenses of children from low-income families.

Career Milestones

1999

Co-founded Dangdang.com

Co-founded Dangdang, one of China's first e-commerce platforms.

2019

Left Dangdang

Announced his departure from Dangdang.

2025

Remarried

Remarried Peking University Alumnus Zhang Danhong.

Philanthropy & Social Impact

General

Donation to Li Yapeng

$0.14M

Donated 1 million yuan to Li Yapeng.

Children's Health

Public Welfare Foundation

$7M

Invested 50 million yuan to establish a public welfare foundation.

Controversies & Challenges

2018

Controversial Remarks

Made controversial remarks about extramarital sex and apologized.

2020

Seizing of Company Seals

Forcibly entered Dangdang's office and took company seals.

2019-2025

Divorce Saga

Engaged in a public and bitter divorce battle with his former wife, Peggy Yu.

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