huang guangyu // tagged articles

Business & Technology

A Chinese billionaire behind bars. And his wife, who kept the empire together.

Former trash collector Huang Guangyu became China’s richest man by building an electronic appliance empire. Then he was jailed for 10 years for “illegal business dealings.” He emerged from jail in June with his fortune intact, thanks to his wife, Du Juan, who took the helm and fought off anyone who tried to dilute her husband’s ownership of the company.

Owen Matthews July 10, 2020

graphic representing a woman with a bag of chinese cash and a man in orange jumpsuit in jail

Business & Technology

China’s former richest man released from prison, still smiling

After 12 years in prison for insider trading and bribery, entrepreneur Huáng Guāngyù 黄光裕 (aka Wong Kwong-yu) was released on parole on June 25. Formerly China's richest man, Huang's electrical appliance retailer GOME saw its stock price surge 17.39% on the day of his release.

Owen Matthews

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huang guangyu // tagged articles

A Chinese billionaire behind bars. And his wife, who kept the empire together.

China’s former richest man released from prison, still smiling

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