Wong Kwong Yu
Fashion & Retail

Wong Kwong Yu Net Worth

He was born on June 24, 1969 in Beijing, China and is the founder and shareholder of Gome Electrical Appliances Holding, a Hong Kong-listed appliance retailer. He is one of the wealthiest people in China and has been listed on the Forbes list of billionaires.
Wong Kwong Yu is a member of Fashion & Retail

Age, Biography and Wiki

Birth Day June 24, 1969
Birth Place Beijing, China, China
Age 54 YEARS OLD
Birth Sign Cancer
Other names Huang Junlie
Alma mater Renmin University of China
Occupation Former Chairman of GOME Group
Title Chairman of Gome
Term 1987-18 January 2009
Criminal penalty 14 years in prison $600,000,000 fine Confiscation of $200,000,000
Criminal status in prison
Spouse(s) Du Juan
Conviction(s) stock market manipulation (18 May 2010)

💰 Net worth: $1.3 Billion (2024)

Wong Kwong Yu, a prominent figure in the fashion and retail industry in China, is projected to have a net worth of $1.3 billion in 2024. Best known for his contributions to the fashion and retail sector, Wong has achieved great success through his business endeavors. With a keen eye for trends and an understanding of the evolving Chinese market, he has built a robust empire and garnered substantial wealth. His net worth not only reflects his entrepreneurial acumen but also highlights the significant influence he holds within the fashion and retail landscape in China.

2012 $2 Billion
2013 $1.15 Billion
2014 $1.55 Billion
2015 $1.45 Billion
2016 $1.4 Billion
2017 $1.6 Billion
2018 $1.61 Billion

Biography/Timeline

2006

In 2006, he was forced by regulations to sell off 25% of GOME Group, as listed in Hong Kong, making his net worth US$2.5 billion, according to some sources. His ambitious goals include "making Gome one of the 500 largest companies in the world by 2008". Huang was listed as the richest person in Mainland China in 2007, with a net worth estimated at $6.3 billion, according to the 2008 China Rich List, which is compiled by the Hurun Institute. He was surpassed by Yang Huiyan in 2009, with a net worth of $7.1 billion.

2009

On November 24, 2008 the Hong Kong Stock Exchange indefinitely halted trading in shares in GOME, amid reports of a police investigation of Huang Guang Yu, the company's Chairman, Executive Director and Controlling Shareholder. Furthermore, Huang was reported to be charged with alleged stock market manipulation, on which police declined to comment, according to the state-run China Daily newspaper. He resigned from the post of Chairman on 16 January 2009.

2011

On July 12, 2011, Eagle Vantage Asset Management, controlled by Huang, bid on his behalf for the decommissioned British Royal Navy aircraft carrier, HMS Ark Royal. According to reports, the plan is to create the world’s largest buoyant luxury shopping mall.

Some Wong Kwong Yu 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.