60 new billionaires, all but 1 of whom is self-made, debut among China’s 400 richest this year, many thanks to businesses catering to the citizens of the world’s most populous nation
, who took his online tutoring firm GSX Techedu public on the New York Stock Exchange the same month. , who founded Asymchem Laboratories in North Carolina in 1995 after completing postgraduate research at the University of Georgia, returned to China three years later to expand his company.
Today Asymchem conducts research and chemical production for pharmaceutical companies such as Merck, Pfizer and Bristol-Myers Squibb. Another pharma entrepreneur,, started Poly Pharm in the island province of Hainan in 1992. The publicly traded firm, which makes generic drugs, is now worth over $2.3 billion. Fan is one of just four women among the newcomers, and one of just three who are self-made.
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