Huang Guangyu net worth
Huang Guangyu Net Worth: Huang Guangyu is a Chinese businessman with a net worth of US$3.25 billion. Huang Guangyu is best known as the former chairman, executive director and controlling shareholder of Gome Group, China’s largest consumer electronics retailer. In 2008, Mr. Huang built Gome into China’s largest electronics retailer, worth an estimated $6.3 billion.
But that same year, the company experienced a rapid decline amid widespread complaints of misconduct by Chinese billionaire entrepreneurs. On November 24, 2008, Huang Guangyu’s stock was frozen by the Hong Kong Stock Exchange due to an ongoing investigation. He was charged with bribery, tax evasion and similar conduct and was sentenced to 14 years in prison in what was seen as a warning to Chinese corporate executives. On January 16, 2009, he resigned as Chairman of the Group. But Guangyu, who is now imprisoned, is not the entire wealth of Gome. He also concentrated his wealth in real estate. In addition, he owns a company in Beijing called Pengrun Investment.
