July 17, 2025
Gold Investing

Chairman Of Chinese Gold Jeweler Zhou Liu Fu Becomes A Billionaire After Stock Surge

Getty Li Weizhu, the chairman of Zhou Liu Fu Jewellery, joined the billionaire ranks after shares of his Shenzhen-based gold jewelry retailer soared 67% over their first two trading days on the Hong Kong stock exchange on Friday. Li, 47, is Zhou Liu Fu’s largest shareholder with a 57% stake through wholly-owned investment vehicles. Based

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Gold Investing

Ex-Fisheries Clerk Amasses $9 Billion As His Gold Jewelry Brand Soars

Customers wait in a queue to enter a Laopu Gold store, known for its “traditional craftsmanship” gold jewelry, in Shanghai in February. VCG/VCG via Getty Images Xu Gaoming, an ex-fisheries clerk in China who started jewelry brand Laopu Gold in 2016, has amassed a $9 billion fortune after company shares soared almost 1,500% following an

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