Billionaire Profile
Sun Mengquan & family
Global Rank
#2119

Image: Unsplash Contributor | Unsplash License | via Unsplash

Sun Mengquan & family

CEO, Edible oil
CHINA
Real-Time Net Worth
$1.906B
Estimated based on Edible oil stock value as of March 6, 2026
0% (24h)
Age
75
Source
Edible oil
Industry
Food & Beverage
Citizenship
CHINA

Biography

Sun Mengquan, at 75 years old, is the chairman of Luhua Group, a major player in China's edible oil industry, specifically known for its peanut oil. He began his career in 1983 with the predecessor of Luhua, which was then a struggling collective. Through strategic shifts in the business, he transformed the company into a leading edible oil producer. The company's main products include "5S Luhua peanut oil" and various other cooking oils and related products. His career spans decades in the edible oil sector, and he is a well-known figure within the industry.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Sun Mengquan's career began in 1983 when he joined the predecessor of what would become Luhua Group. At that time, it was a small collective with fewer than ten workers, on the verge of bankruptcy.

Rise to Success

Sun Mengquan spearheaded the transformation of the company. He shifted the business focus to processing and exporting peanuts, and later, to peanut oil production. This strategic move was crucial to the company's growth. Luhua Group now employs nearly twenty thousand people with 26 production bases across cooking oil, seasoning, and vegetable processing industries. In 2002, Luhua peanut oil won the "national assured oil" honorary title.

Key Business Strategies

The success of Luhua Group is rooted in its focus on the edible oil market. The company produces a variety of edible oils and related products, with a strong emphasis on "5S Luhua peanut oil." Luhua has established more than 200 sales branches, creating a nationwide marketing network. The group's success is also demonstrated by its large-scale production capacity, with an edible oil production capacity of 1 million tons annually.

Philanthropy

While specific amounts are not readily available, Luhua Group has been awarded the "China Charity award", indicating a commitment to philanthropy.

Career Milestones

1983

Began Career at Luhua's Predecessor

Joined a struggling collective, marking the start of his journey in the edible oil industry.

Early Career

Shifting Business Focus

Sun shifted the company's focus to processing and exporting peanuts, and later, into peanut oil.

2002

Luhua Peanut Oil Recognition

Luhua peanut oil won the "national assured oil" honorary title.

2013

5S Luhua physical crushing technology

Won the "National Prize for progress in science and technology".

Philanthropy & Social Impact

Corporate Philanthropy

China Charity Award

Not available

Luhua Group has been awarded the China Charity award