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LeaderPortfolio
Billionaire Profile
Qiu Guanghe & family
Global Rank
#1321

Image: Public domain | via Wikimedia Commons

Qiu Guanghe & family

CEO, Semir
CN
Real-Time Net Worth
$3.17B
As of December 2025
Age
74
Source
Fashion retail
Industry
fashion-retail
Citizenship
CN

Biography

Qiu Guanghe, born in 1951, is a prominent Chinese entrepreneur and the founder of Semir, one of China's largest apparel retailers. His wealth stems from the fashion retail industry. Qiu's career began in the home-appliance industry before he founded Semir in 1996 in Wenzhou, China. Semir has grown to over 7,500 stores, including the children's clothing brand Balabala. His net worth is currently estimated at $3.1 Billion as of December 5, 2025. He is married and has two children who are also involved in the success of Semir.

Wealth Over Time

In-Depth Profile

Early Life

Qiu Guanghe was born in Wenzhou, China, in 1951. He has a high school education. Before entering the fashion industry, Qiu gained experience in the home appliance sector, which provided him with valuable business insights.

Rise to Success

In 1996, Qiu Guanghe founded Semir in Wenzhou, his hometown. The first Semir store opened in Jiangsu Province in 1997, specializing in leisurewear. Under his leadership, Semir grew rapidly and became one of China's largest clothing retailers, with over 7,500 stores. Semir also owns Balabala, a leading children's clothing brand.

Key Business Strategies

Qiu Guanghe's success is attributed to his vision and strategic decisions. He has focused on quality, innovation, and customer satisfaction, which propelled Semir to become a household name in China. Qiu involves his family in the business; his son, Qiu Jianqiang, serves as vice chairman, and his son-in-law, Zhou Pingfan, holds a senior executive position.

Philanthropy

Specific philanthropy amounts could not be found with the current search.

Career Milestones

1996

Founded Semir

Established Semir in Wenzhou, China.

1997

Opened First Store

Opened the first Semir store in Jiangsu Province.