Zhu Yicai

Zhu Yicai

Zhu Yicai, born in 1964 in Tongcheng City, Anhui Province, graduated from Hefei University of technology in 1989 and went into business.

He is now the chairman of Yurun holding group.

Character experience

In 1989, he graduated from Hefei University of technology and joined the shipping company under the Anhui Department of communications. However, he was not content to "eat imperial food". After he resigned, he used 200 yuan to save money and resell "shrimp soldiers and crab generals" by riding a tricycle. After a year, he earned 4.8 million yuan as the first bucket of gold in his life.

In March 1991, he focused on the low-temperature meat food market and set up China Resources meat food factory in Hefei. The next year, he moved to Nanjing and founded Yurun.

In 1996, Zhu Yicai "unimaginably" acquired Nanjing Cannery, and 5 million private enterprises acquired 70 million state-owned enterprises with total assets, which caused a sensation in the whole country at that time. Therefore, he became the first private entrepreneur in Jiangsu and even the whole country to acquire state-owned enterprises.

From April 2002 to the end of 2003, Zhu Yicai acquired 20 state-owned enterprises.

In 2001, Zhu Yicai, who made his fortune in the food industry, got involved in the real estate industry and was listed in Forbes magazine's list of China's richest people for the first time, ranking 53rd. At that time, he was worth 880 million yuan.

Main achievements

In 2001, he was first selected into Forbes magazine's China 100 rich list, ranking 53rd.

In 2004, in the "2004 Forbes mainland rich list", Zhu Yicai ranked 41st with a value of 230 million US dollars, ranking first in Jiangsu.

Family situation

Wife: Wu Xueqin

Brother: Zhu Yiliang

Son: Zhu Jun

Daughter: Zhu Yuan

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