Guangchang Guo
#1150

Guangchang Guo

China 59 years old Self-Made

Overview

Source of Wealth
Conglomerate
Industry
Diversified
Residence
Shanghai
Education
Fudan University (Bachelor of Arts/Science)
Fudan University (Master of Business Administration)
Marital Status
Married
Children
3

Assets

  • Fosun International
    5,155,138,000 shares @ -
    -
    656-HK
  • Shanghai Ganglian E-Commerce Holdings Co., Ltd.
    68,964,000 shares @ -
    -
    300226-CN
  • Sichuan Zhongguang Lightning Protection Technologies
    20,200,000 shares @ -
    -
    300414-CN
  • Sichuan Zhongguang Lightning Protection Technologies
    -840,000 shares @ -
    -
    300414-CN

Biography

Guo Guangchang chairs Fosun International. He transformed the conglomerate into an insurance-focused investment group.

In December 2016, Fosun agreed to sell U.S. insurer Ironshore to Liberty Mutual for about $3 billion to help raise cash.

Fosun purchased a 74% stake in Indian pharmaceuticals company Gland Pharma in 2017.

Fosun's investments range from steelmaking to mining, tourism and pharmaceuticals.

Fosun cofounder Liang Xinjun is also a billionaire.