Biography
Xu Guozhong, the 62-year-old chairman of Jiangsu Guomao Reducer, a Chinese motor manufacturer, has built a net worth of $1.1 billion through his entrepreneurial efforts in the motors industry. Xu founded the company in 1993 in Jiangsu Province. His career reflects the growth of China's manufacturing sector. While specific salary information is unavailable, his wealth demonstrates significant success. Xu is married and resides in Changzhou, China. His son, Xu Bin, is the general manager of Guomao.