Xiao Jianhua
| Xiao Jianhua | |
|---|---|
| Born | c. 1972 Feicheng, Shandong, China |
| Residence | Four Seasons Hotel Hong Kong, Hong Kong |
| Nationality | Chinese, Canadian & Antigua and Barbuda |
| Alma mater | Peking University |
| Occupation | Businessman |
| Net worth | $6 billion (2016) |
| Political party | Communist Party of China |
Xiao Jianhua (Chinese: 肖建华, born c. 1972) is a Hong Kong-based Chinese-Canadian billionaire businessman and philanthropist. According to news reports, he is the true owner of Tomorrow Holding (trading as Tomorrow Group), a diversified investment company with concerns in banking, insurance, real estate development, coal, cement and rare earth minerals. On January 28, 2017, in an abduction that was highly publicized, he was illegally seized from his residence at the Four Seasons Hotel Hong Kong and taken to mainland China.
Xiao Jianhua was born circa 1972 and grew up in Feicheng, Shandong, China. His father was a schoolteacher. He had five siblings.
Xiao attended Peking University at age 14 on a scholarship, and he was a leader for the Communist Party of China on campus. He was opposed to the Tiananmen Square protests of 1989. He received a law degree from Peking University.
Xiao began his career in business by selling IBM and Dell personal computers near the campus of his alma mater in the 1990s. He also worked with Microsoft. Within a few years, he was worth an estimated $150 million.
Xiao is the owner the Tomorrow Holding (trading as Tomorrow Group), a diversified investment company with concerns in banking, insurance, real estate development, coal, cement and rare earth mineral. According to New York Times, through a series of other investment vehicles, he owns non-controlling stakes in Ping An Insurance, Harbin Bank, the Huaxia Bank and the Industrial Bank. According to New York Times, He is also the major shareholder in Baotou Tomorrow Technology.
According to the Financial Times, he "has worked on behalf of a number of powerful families" in China over the course of his career, and The New York Times called him "a banker for the ruling class". By 2016, he was worth an estimated $6 billion.
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