Biography
Wu Zhigang, at the age of 90, is the founder of Shenyang Toly Bread, a Shanghai-listed bakery chain, and the source of his $1.6 billion net worth. Starting his career as a teacher and telegraph operator, Wu co-founded the Toly brand with his son Wu Xuequn in 1995. Wu retired as chairman in 2019 and was succeeded by his son, Wu Xueliang. The family owns a significant stake in the company, with Wu's wife and sons holding shares and serving on the board. Wu Zhigang's career has been marked by the successful development of Toly Bread into a leading bakery chain with tens of thousands of points of sale across China.