The lifelong journey of the richest woman in China. The best investment: family relationships
The richest woman in china, lihua Chen just died. she had such an amazing life that i can't hold myself to share her life journey with redditors.
She died with roughly $50 B net worth and that's a very conservative figure . wealth is the least important factor that I think her life is amazing.
she was a decedent of the royal families. ccp deprived everything her family had and her parents died in prison. she was barely 16.
she couldn't afford high school tuition, so she started a furniture repair business by her own. from that small tiny business in Hutong( small neighborhood that has one street) , she earned her first bucket of money.
She decided to sell everything in beijing and moved to Hongkong with 3 children and basically homeless.
in hongkong, she started to flip condos, houses and with her skills in furniture repairs high end furnitures, she gradually became a rich woman.
20 years later, she gave up everything again in hongkong and moved back to mainland China with a huge corporation. She's a deca millionaire for sure but probably not a billionaire yet.
her business now covers three area : real estate, high end rare wood business, and a meseum that collects the artwork made by the rare wood.
here comes the exciting part. She married the golden globe very famous handsome actor that played a lead role in the chinese version of star war. ( Xi you ji).
mr Chi was 12 years younger than Chen and was the dream husband for half of the chinese women At that era. He was handsome, successful and chased by tons of women. He married her for love and that was his only marriage till Chen died. The marriage lasted 40 something years.
at age 75, ms chen showed up at a regular weekly meeting and said all her rights now go to her son, and with a single hand gesture , she's completely off the business.
her son, was forced to start as a trainee and worked all the way to the top. He took over the business with unanimous consent from the board
her daughter, was not interested in the real estate business, is now building the furniture shop and earns a 45% margin.
her adopted daughter, was provided full education opportunities and is the cfo of the entire corporation. She got 11 out of 12 yes vote when earned the cfo position. The 12th no was from ms Chen herself, because she doesn't want her to be so stressed working as a CFO.
their families have to sit together at least once a week and no business allowed at tge family dinner. Only book, charity and art is allowed at this meeting.
they bond tightly together with billions of dollars as a family.
there is absolutely no drama after she passed away.
what a life! Certainly a role model for all single mothers.