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Chan Laiwa Net Worth

Chan Laiwa Net Worth

Chan Laiwa is a Chinese businesswoman and is the founder and chair of Fuwah International Group. The organization is one of China’s biggest commercial real estate property developers, and it is located in Beijing, China. Laiwa and her family have a collective net worth of around $5.6 billion.

Early Life

Chen Lihua was born in 1941 in the Summer Palace of Beijing, China. She is a descendant of a noble Manchu family of the Yellow Banner. At the time of her birth, the Manchu Qing dynasty had collapsed and her family became poor.\

Rise From Poverty

Poverty forced Chen to leave high school and started her own furniture repair business. In the early 1980s, Chen moved to Hong Kong and continue her business of buying and re-selling furniture. Her business in Hong Kong was successful enough that she accumulated enough money to buy 12 villas.

In late 1980s, she moved back to Beijing to expand her real estate business. She founded Fuwah International Group in the early 1990s. Though its predominant business is real estate, the company also has a diverse portfolio in the fields of agriculture, tourism, electronics, hospitality and red sandalwood art production, etc.

In recent years, Chen has handed over daily management of her ventures to her son, preferring to concentrate on her museum instead.

Chan Laiwa Bio Info

Born: 1941 (age 77 years), Beijing, China
Spouse: Zhongrui Chi (m. 1990)
Other name: Chen Laiwa

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