LeaderPortfolio
family
L
Rank #3314
CHINAMetals & Miningsteel, diversified

Li Liufa & family

Net Worth
$1.02B
-0.12% (24h)
Li Liufa, a self-made billionaire and industrialist, chairs the Tianrui Group of China. Born in 1957, Li's source of wealth stems from his diversified interests in steel, cement, minerals, aluminum, and tourism. Starting in the late 1970s with a modest role in a fertilizer factory, Li transitioned to entrepreneurship, establishing a small steel casting factory. He later pursued an Executive MBA from Peking University in 2006. Through strategic diversification and a deep understanding of China's industrial needs, he built a multi-billion dollar empire. As of April 2024, his net worth is estimated at $2.1 billion, ranking him among the world's wealthiest individuals. He is married and resides in Ruzhou, China.

How to read Li Liufa & family's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Li Liufa & family, we anchor the narrative to Steel and steel, diversified, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.02B alongside global rank #3314, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CHINA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life and Career

Li Liufa's journey began in the late 1970s when he worked in a fertilizer factory in Henan Province. Dissatisfied with working for others, he ventured into entrepreneurship. His initial step was establishing a steel casting factory, recognizing the burgeoning demand for steel in China's infrastructure boom.

Rise to Success

In 1993, Li founded Tianrui Group, which initially focused on steel but strategically expanded into cement, minerals, aluminum, and tourism. He further enhanced his business acumen by earning an Executive MBA from Peking University in 2006. The Tianrui Group's revenue reached over $1.7 billion in 2013, with significant clients, including China's railway ministry, demonstrating the company's integral role in national development.

Key Business Strategies

Li Liufa's success is marked by strategic diversification and a keen understanding of market needs. His group's expansion into various sectors, like cement, complemented his steel operations. Diversification allowed Tianrui Group to mitigate risks and capitalize on growth trends within the Chinese economy.

Philanthropy

Information regarding specific philanthropic initiatives and amounts is unavailable in the provided search results.

Career Timeline

2024

Forbes Ranking

Ranked #1623 on Forbes' Billionaires list.

2011

Director of China Tianrui Group Cement

Became a non-executive director.

2006

Executive MBA

Earned an Executive MBA from Peking University.

2003

National People's Congress

Elected as a member of the 10th National People's Congress.

1999, 2002

Modal Worker of Henan Province

Awarded the prestigious Modal Worker of Henan Province.

1993

Founded Tianrui Group

Established Tianrui Group, initially focused on steel production.

1970s

Early Career

Began working at a fertilizer factory in Henan Province.

Philanthropic Impact

Information not foundUndisclosed

Information not found

Information regarding specific philanthropic initiatives and amounts is unavailable in the provided search results.

Key Business Ventures & Holdings

CompanyStakeValue
China Tianrui Group Cement Co Ltd39.60%

Net Worth History

In-Depth Analysis

Early Life and Career

Li Liufa's journey began in the late 1970s when he worked in a fertilizer factory in Henan Province. Dissatisfied with working for others, he ventured into entrepreneurship. His initial step was establishing a steel casting factory, recognizing the burgeoning demand for steel in China's infrastructure boom.

Rise to Success

In 1993, Li founded Tianrui Group, which initially focused on steel but strategically expanded into cement, minerals, aluminum, and tourism. He further enhanced his business acumen by earning an Executive MBA from Peking University in 2006. The Tianrui Group's revenue reached over $1.7 billion in 2013, with significant clients, including China's railway ministry, demonstrating the company's integral role in national development.

Key Business Strategies

Li Liufa's success is marked by strategic diversification and a keen understanding of market needs. His group's expansion into various sectors, like cement, complemented his steel operations. Diversification allowed Tianrui Group to mitigate risks and capitalize on growth trends within the Chinese economy.

Philanthropy

Information regarding specific philanthropic initiatives and amounts is unavailable in the provided search results.

Data Sources & Methodology

Figures for Li Liufa & family are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.