Yao Zhenhua

Yao Zhenhua
Residence Shenzhen, China
Nationality Chinese
Occupation Businessman
Net worth US$8.9 billion (July 2017)[1]
Title Chairman, Baoneng Group

Yao Zhenhua is a Chinese billionaire businessman, and the chairman of Baoneng Group.[1]

Career

In 1992, Yao founded Baoneng Group, which now has over 40 shopping malls in China.[1]

In February 2017, Yao was banned from China's insurance industry for ten years after a failed takeover bid for Vanke by a Baoneng company, Foresea Life Insurance.[2]

Personal life

Yao lives in Shenzhen, China.[1]

References


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