The Ledger / Liu Yonghao
Liu Yonghao
◼ Origin
Liu Yonghao (born 1951, rural Sichuan) grew up in poverty and earned roughly 2 cents a day doing farm labor during the Cultural Revolution. In 1982 he and his three brothers pooled approximately $500 — raised by selling bicycles and watches — to raise quails and chickens; by 1992 the brothers had pivoted into animal feed and founded Hope Group. Liu Yonghao spun off New Hope Group in 1996 and built it into China's largest animal feed producer, with listed subsidiary New Hope Liuhe generating over 100 billion yuan in annual revenue.
◼ Self-Made Verdict — YES
Built entirely from roughly $500 in pooled family savings with no inherited capital, growing from livestock farming into China's dominant agri-conglomerate.
◼ Documented marks
01
Founder and chairman of New Hope Group, a privately held conglomerate with over 260 billion yuan (~$35 billion) in annual sales.
02
Holds approximately 55% of publicly traded New Hope Liuhe Co. (SZ: 000876), China's largest animal feed and pork production company.
03
Serves as a delegate to the Chinese People's Political Consultative Conference (CPPCC), the national political advisory body.
04
New Hope Group controls subsidiaries spanning animal feed, dairy (Xin Xin Dairy), banking (Minsheng Bank shareholding), and real estate.
05
In 2013 transferred operational control of New Hope Liuhe to daughter Liu Chang, retaining ownership while installing family succession management.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
More ledger entries