Ma Hong
Fashion & Retail

Ma Hong Net Worth

He is the founder and chairman of Dongguan Souyute Fashion, a Shenzhen-listed company that sells casual clothing in China. Ma has also made investments in e-commerce related apparel brands such as olrain and ThinMore, which are sold through Alibaba Group's Taobao store.
Ma Hong is a member of Fashion & Retail

Age, Biography and Wiki

Birth Place Dongguan, China, China

💰 Net worth: $1.4 Billion (2024)

Ma Hong, renowned as a prominent figure in the fashion and retail industry in China, is set to amass an impressive net worth of $1.4 billion in 2024. As an entrepreneur and fashion mogul, Ma Hong has made a significant impact on the Chinese fashion scene through her innovative and trendsetting designs. With a keen eye for style and an exceptional business acumen, she has built a successful empire that encompasses both the fashion and retail sectors. As her net worth continues to soar, Ma Hong's influence in the industry is bound to grow, establishing her as a key player in shaping the future of fashion in China.

2015 $1.2 Billion
2016 $1.5 Billion
2017 $1.6 Billion
2018 $1.5 Billion

Biography/Timeline

1936

Ma Hong took part in Ximenghui in 1936, an organization of resistance against the Japanese. The following year he was involved in the organization of the General Trade Union of Tongpu Railroad, and in that same year joined the Communist Party of China. In 1938 he went to Yan'an, then the Communist capital, and won Chen Yun's (Minister of Organization) favour. As a result, he was admitted into the CPC's Central School. After graduation in 1941 Ma Hong was assigned to be a researcher in the CPC's Central Research Institute, laying the foundations of his later economic knowledge. He was transferred the CPC's Northeast Bureau to be the Director of the Policy Research Office in 1949. Through investigation Ma Hong wrote "The Structure and Policy of the Northeastern Economy", and divided it into five sectors. This method was long employed by the Chinese Government. In 1952 Ma Hong was promoted to the post of General Secretary of the National Planning Committee of the Central Government.

1978

In 1978 Ma Hong's career rebounded and he founded the Industrial Economic Institute, becoming its Director. He then became the President of the Chinese Academy of Social Sciences and Deputy General Secretary of the State Consul of the People's Republic of China. In 1984, at his suggestion, "the notion of a socialistic commercial economy was written into the CPC's list of doctrines." Ma Hong founded the State Council Development Research Centre, the first of its kind. Late in his career he warned the government of impending inflation, but the government chose to ignore his advice to its detriment.

2007

Ma Hong has published more than 10 books in Chinese; New Strategy of Chinese Economic Development has been translated and edited by Fengbo Zhang and was published in Japan in 1985. His writings have been widely publicized, and in 2005 he won the Outstanding Economist Prize. On October 28, 2007, he died of Parkinson's disease.

Some Ma Hong images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.