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Billionaire Profile
L
Global Rank
#3380

Image: Unknown Author | Public domain | via Wikimedia Commons

Li Liufa & family

CEO, Steel
CHINA
Real-Time Net Worth
$1.015B
Estimated based on Steel stock value as of April 20, 2026
+0.08% (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.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

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.

Philanthropy & Social Impact

Information not found

Information not found

Undisclosed

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

Business Philosophy & Leadership

Notable Quotes

"Information not found"

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.

Controversies & Challenges

Information not found

Information not found

Information regarding any known controversies is unavailable in the search results.

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