Billionaire Profile
You Xiaoping & family
Global Rank
#346

Image: Unknown authorUnknown author | Public domain | via Wikimedia Commons

You Xiaoping & family

CEO, Polyurethanes
CHINA
Real-Time Net Worth
$9.682B
Estimated based on Polyurethanes stock value as of March 6, 2026
+1.87% (24h)
Age
68
Source
Polyurethanes
Industry
Manufacturing
Citizenship
CHINA

Biography

You Xiaoping, at 68 years old, is the chairman of Huafon Group, a major player in the polyurethane industry. His estimated net worth is 10.3 billion. The source of his wealth is the manufacturing of polyurethane products. You Xiaoping's career began on the factory floor, rising through the ranks to become a leader in the chemical industry. His achievements include guiding Huafon Group to become a leading global producer of polyurethane and spandex fibers, supplying international apparel brands. Huafon Group's focus on innovation and expansion into related sectors have solidified his position as a billionaire and a prominent figure in China's business landscape.

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

Wealth Over Time

In-Depth Profile

Early Life and Career

You Xiaoping's career journey began in the entrepreneurial Wenzhou region of China. He started on the factory floor, gaining hands-on experience in the plastics industry. In the 1990s, he identified a significant opportunity in the rapidly growing polyurethane and spandex materials market, which was beginning to drive the global textiles industry. This early experience laid the foundation for his future success.

Rise to Success

Leveraging his understanding of the industry, You Xiaoping built the Huafon Group into one of the world's largest producers of polyurethane and spandex fibers. This involved aggressive scaling, substantial investments in research and development, and a commitment to controlling the supply chain from end-to-end. Huafon Group's success is a testament to You Xiaoping's strategic vision and operational expertise. The company achieved a turnover of 38.28 billion Yuan in 2019.

Key Business Strategies

Under You Xiaoping's leadership, Huafon Group has implemented several key strategies: strengthening its core business, diversifying into related sectors, and integrating industry with finance. These strategies have enabled Huafon Group to maintain its competitive edge in the market and to explore new opportunities. The company also emphasizes innovation and sustainable development, aligning with You Xiaoping's vision for long-term growth.

Philanthropy

Details on You Xiaoping's philanthropy are unavailable from the search results. Further research may be needed to uncover the exact amounts and initiatives.

Career Milestones

1984-1991

Vice Director

Served as the vice director of Ruian No. 7 Plastic factory.

1991-1995

Director

Served as the director of Ruian No. 10 Plastic factory.

1995

Chairman of the Board

Became Chairman of the Board of Huafon Group Co. Ltd.

1999

Chairman of the Board

Became Chairman of the Board of Huafon Spandex Corp. Ltd

2006

Chairman of the Board and President

Has held the position of Chairman of the Board and President of Huafon Group since December 2006.

Philanthropy & Social Impact

Unknown

Unknown

Undisclosed

Details unavailable

Business Philosophy & Leadership

Leadership Principles

Strengthening Main Business

Focus on core polyurethane business operations.

Optimizing Business Diversification

Expansion into metals, finance, logistics, and trade.

Integrating Industry and Finance

Combining industry practices with financial strategies for growth.

Innovation

Commitment to research and development.

People First

Civilization construction policies centered on people.