Xu Shihui Net Worth, Age, Family & Biography $7.50 B Real Time Net Worth #419 in the world today

Avan Parvadiya — Fri, 14 Jul 2023 12:13:57 +0000

About Xu Shihui

Xu Shihui is a very rich money manager. Dali Foods Group, a Chinese manufacturer of bread, cakes, and pastries, is led by Xu, who also holds the largest stake in the company. In 2022, the publicly traded business reported revenue of $3 billion, or 20 billion yuan. Dalian Foods operates 30 manufacturing facilities for food and beverage in 18 provinces across mainland China.

Xu Shihui Family

Xu Shihui was born in China’s Fujian region in 1958. In 1989, Xu founded the food business Hui’an Meili Minzheng Food Factory. Three years later, he was elected to serve as the legal representative of Meili Food, which he and members of his family purchased in 2000. Pastries, herbal teas, and energy drinks are just a few of the six products that Xu added to the business. Dali is the biggest maker of bread, cakes and baked goods in China, as per its Initial public offering plan. The business started trading on the Hong Kong stock exchange in November 2015.

Xu’s girl, Xu Yangyang, is a VP and chief at Dali Food Sources Gathering. Xu Liangliang, his 27-year-old son, was killed in a car accident in 2012. Most of Xu’s fortune is gotten from his stake in Dali Food Sources Gathering, a public food and refreshment creator. According to the company’s 2022 annual report, Xu and his family trust own 85% of the business. According to its website, Dalian Foods has 30 food and beverage production bases in 18 provinces across China.

Xu Shihui Facts

Through Divine Foods 1, a holding company based in the British Virgin Islands, and through Xu’s family trust, Xu owns 42.5% of Dali. Xu’s attributed with the whole 85% stake to mirror his functional control and status as a founder.