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Billionaire Profile
Li Liufa & family
Global Rank
#3354

Li Liufa & family

CEO, Steel
Ruzhou, China
Real-Time Net Worth
$1.02B
Estimated based on Steel stock value as of September 10, 2026
0% (24h)
Age
68
Source
steel, diversified
Industry
Metals & Mining
Citizenship
China

Biography

Li Liufa, a self-made billionaire and industrialist, chairs the Tianrui Group of China. Born in 1957, Li's source of wealth stems from his diversified interests in steel, cement, minerals, aluminum, and tourism. Starting in the late 1970s with a modest role in a fertilizer factory, Li transitioned to entrepreneurship, establishing a small steel casting factory. He later pursued an Executive MBA from Peking University in 2006. Through strategic diversification and a deep understanding of China's industrial needs, he built a multi-billion dollar empire. As of April 2024, his net worth is estimated at $2.1 billion, ranking him among the world's wealthiest individuals. He is married and resides in Ruzhou, China.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.02B
2024$2.10B
2020$1.00B

Portfolio Holdings

China Tianrui Group Cement Co Ltd

China Tianrui Group Cement Co Ltd

Cement
Ownership
39.6%

In-Depth Profile

Early Life and Career

Li Liufa's journey began in the late 1970s when he worked in a fertilizer factory in Henan Province. Dissatisfied with working for others, he ventured into entrepreneurship. His initial step was establishing a steel casting factory, recognizing the burgeoning demand for steel in China's infrastructure boom.

Rise to Success

In 1993, Li founded Tianrui Group, which initially focused on steel but strategically expanded into cement, minerals, aluminum, and tourism. He further enhanced his business acumen by earning an Executive MBA from Peking University in 2006. The Tianrui Group's revenue reached over $1.7 billion in 2013, with significant clients, including China's railway ministry, demonstrating the company's integral role in national development.

Key Business Strategies

Li Liufa's success is marked by strategic diversification and a keen understanding of market needs. His group's expansion into various sectors, like cement, complemented his steel operations. Diversification allowed Tianrui Group to mitigate risks and capitalize on growth trends within the Chinese economy.

Philanthropy

Information regarding specific philanthropic initiatives and amounts is unavailable in the provided search results.

Career Milestones

1970s

Early Career

Began working at a fertilizer factory in Henan Province.

1993

Founded Tianrui Group

Established Tianrui Group, initially focused on steel production.

1999, 2002

Modal Worker of Henan Province

Awarded the prestigious Modal Worker of Henan Province.

2003

National People's Congress

Elected as a member of the 10th National People's Congress.

2006

Executive MBA

Earned an Executive MBA from Peking University.

2011

Director of China Tianrui Group Cement

Became a non-executive director.

2024

Forbes Ranking

Ranked #1623 on Forbes' Billionaires list.

Business Philosophy & Leadership

Leadership Principles

Strategic Diversification

Expanding into complementary industries to mitigate risks and capitalize on growth trends.

Continuous Learning

Recognizing the value of formal education and continuous learning.

Hands-on Experience

Combining practical experience with business acumen.

Billionaires Connected to Li Liufa & family

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Richest in China

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Adjacent Global Ranks

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Frequently Asked Questions

What is Li Liufa & family's net worth in 2026?
As of 2026, Li Liufa & family's estimated net worth is $1.024 billion, ranking #3354 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Li Liufa & family make their money?
Li Liufa & family's wealth primarily comes from steel, diversified, most notably through Steel.
Where is Li Liufa & family from?
Li Liufa & family is from China.
How old is Li Liufa & family?
Li Liufa & family is 68 years old.

Sources & References

  1. Li Liufa & family — Forbes profile — Forbes