Larry Yung Chi Kin

Infobox_Celebrity


image_size = 150px
name = Larry Yung Chi Kin
荣智健
Rong Zhijian
caption = Rong Zhijian
birth_date = birth date and age|1942|1|31|
birth_place = flagicon|ROC Shanghai, Republic of China
occupation = chairman of the board, CITIC Pacific
salary = N/A
networth = profitUS$2.2 billion (See below for reference)

Larry Yung Chi Kin (Simplified Chinese: 荣智健) (born January, 1942), also often called Rong Zhijian in mainland China, is the chairman of CITIC Pacific, a Hong Kong-based conglomerate. According to Forbes Magazine, he is one of the wealthiest people in mainland China, with a personal net worth of $2.2 billion US dollars as of March, 2007.ref|forbes

Rong was born in Shanghai to a business man Rong Yiren, who later became the vice president of China during the 1990s. He graduated from Shanghai Nan Yang Model High School in 1959 and attended the Tianjin University majoring in electronic engineering.

When the Cultural Revolution started, because of his "capitalist" background, he was exiled to Liangshan in Sichuan in 1966. After the turbulent years, he moved to Hongkong and started his own business, which turned out to be very successful and he subsequently became one of the richest people in China.

His family's tie to the Communist Party of China earned his nickname "the Red Capitalist."ref|capitalist Rong is on the board of directors of the Hong Kong Jockey Club. He is also the owner of a Bombardier Global Express.ref|activities

Rong was recently reported to have joined the rank of speculating the real estate business in Shanghai with an investment more than one billion RMB.ref|shanghai

References

* [http://www.forbes.com/lists/2007/10/07billionaires_Larry-Yung_JFGY.html Forbes World's Richest] . Forbes Magazine. March 8, 2007.

* [http://finance.sina.com.cn/o/20020302/176235.html Rong: Red Capitalist] . Sina News. March 2, 2002.

* [http://zh.wikipedia.org/wiki/%E6%A6%AE%E6%99%BA%E5%81%A5 Chinese Wikipedia Page on Rong Zhijian]

* [http://news.sina.com.cn/o/2007-03-06/110711350155s.shtml Rong: Betting One Billion on Shanghai Real Estate] Sina News. March 6, 2007.

External links

* [http://chinavitae.com/biography_display.php?id=1692 chinavitae.com: Biography]
* [http://www.forbes.com/lists/2005/74/JFGY.html Forbes China Rich List] (November 1, 2005)
* [http://finance.sina.com.cn/wealthperson/2004-04-28/172.html Sina's Page On Rong Zhijian] ]