Billionaire Profile
Shi Yonghong & family
Global Rank
#1408

Image: Public domain | via Wikimedia Commons

Shi Yonghong & family

CEO, Haidilao International Holding
CN
Real-Time Net Worth
$2.2B
As of December 2025
Age
56
Source
Restaurants
Industry
food-beverage
Citizenship
CN

Biography

Shi Yonghong, at 56 years old, is a Chinese billionaire known for co-founding the renowned hot pot restaurant chain, Haidilao, in 1994. His source of wealth primarily stems from his stake in the restaurant business. Shi Yonghong, along with his wife Li Haiyan, played a crucial role in Haidilao's growth, contributing to its expansion into a global brand with numerous locations. His achievements include building a successful restaurant empire with an emphasis on exceptional customer service, which includes providing free services like manicures for waiting customers. His current net worth is estimated at $2.2 billion.

Wealth Over Time

In-Depth Profile

Early Life

Details regarding Shi Yonghong's early life and education are limited in publicly available information. However, it is known that he co-founded Haidilao in 1994 with Zhang Yong and two other co-founders.

Rise to Success

Shi Yonghong, along with Zhang Yong, and Li Haiyan, co-founded Haidilao, a hot pot restaurant chain. Haidilao's focus on exceptional customer service quickly set it apart, contributing to its rapid growth. The company expanded from a small restaurant with four tables to a global brand with approximately 1,300 locations in 2020. The company went public in Hong Kong in September 2018. Haidilao's success propelled its co-founders into billionaire status.

Key Business Strategies

Key to Haidilao's success was its focus on customer service, offering free services, such as manicures, for waiting customers. This focus on customer experience led to strong brand loyalty and contributed to the company's rapid expansion.

Philanthropy

Information about Shi Yonghong's specific philanthropic initiatives is not readily available in the search results.

Career Milestones

1994

Co-founded Haidilao

Shi Yonghong co-founded the Haidilao hot pot restaurant chain with Zhang Yong and Li Haiyan, which would later become a global brand.

2018

Haidilao IPO

Haidilao went public on the Hong Kong Stock Exchange

Philanthropy & Social Impact

Unknown

Not Available

Undisclosed

Specific philanthropic initiatives are not detailed in the search results.

Business Philosophy & Leadership

Notable Quotes

"Not Available"

Leadership Principles

Focus on Customer Service

Haidilao is renowned for its exceptional customer service, which has been a key driver of its success.

Controversies & Challenges

2021

Resignation from Haidilao

Shi Yonghong, along with other co-founders, resigned from Haidilao due to internal structural adjustments and to focus on other businesses.