By Sammy S. on April 13, 2011
Net worth: $2.8 billion
Source: Flavorings, self-made
Net Worth Calculated: March 2011
Chairs Huabao International, one of China’s largest producers of flavorings. The company’s Hong Kong-trade shares — and Chu’s wealth — are up from a year ago as investors favor stock in businesses that benefit from growing consumer demand in China.
However, that rosy year-on-year picture camouflages some bad news: Huabao’s stock has tanked by 30% since October, a plunge that Chu didn’t help by selling off 6.3% at the end of January.
Source: Forbes Billionaires List
