Sun Hongbin

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  • Post category:China

Name: Sun Hongbin

Country: China

Date of birth: 1963

Education: Masters’s degree from Tsinghua University. Hongbin has also done six weeks of advanced management program from Harvard Business School.

Type of business: Entrepreneur in the field of Information Technology

Main Achievements: Chairperson and founder, the majority owner of Sunoco Company

Smth interesting about the person: Sun Hongbin was once jailed in his lifetime. After many probing procedures, he was declared clear. He has now gained fame as a billionaire. His income is about $9.1 billion. He was ranked as 147thbillionaire in the whole world and ranked 20th in the richest people’s list of China.

Biography:

Sun Hongbin was born in 1963 in a Shanxi province of China. He had an ordinary childhood. He earned his master’s degree in engineering from Tsinghua University in 1985. Soon then, he attended six weeks of advanced management program from Harvard business school in the year 2000. 

After completing his master’s degree, he joined the computer joint Lenovo, where he was praised by Liu Chuanzhi, founding chairman of Lenovo. After that, Sun Hongbin fell from dignity and respect and faced the music of conviction of embezzling 130,000 Yuan and was sentenced to jail for five years. He was released in March 1994. After a few years, in 2003, he appealed against his conviction, and the judiciary found him innocent and removed all unnecessary allegations which were imposed upon him.

When he came out of prison, Sun founded and built his own property named Sunoco agency in Tianjin, which then enhanced into development property just after a year. He was considered a business tycoon and upgraded his personality from time to time. His business tactics increased by leaps and bounds, and he dealt with his affairs boldly. This made his business more remunerative.

He then entered into a war of words with Wang chi, chairman of China bank. After that, some of the crises met Sunoco Company, and they were forced to sell their stakes and stock in order to build Road King infrastructure in 2006.

He then entered into simple life and tried to manage this business peacefully. Once again, he made a successful back with a bang in the world of entrepreneurship. He tried to successfully launch the Hong Kong stock exchange in 2010. After that, many investors, including Bain Capital, became part of the Sunoco Company. He was considered as the most rising business star of China due to his ultimate talent and spirits in business. 

He took the company to the apex of glory by investing in indefatigable efforts. Now the company is inviting 300 different investors for new shares in order to increase the growth and income. The more will be the shares from the investors; higher will be the yield of the company.

Sun believes that whether the company progresses fast or not, he wanted to become a workaholic and justify his passion for work. He is goal-oriented and open-minded, and he tries to build optimism in his thoughts for better development of the company in the future. He has also analyzed the long term outlook on the China property sector as the population has been incredibly increasing, and the demand for houses has also been escalating. The property market will flourish in the upcoming days. He believes strongly in grabbing the fruitful opportunities and is a man who has learned well from the follies of the past.

If we talk about his personal life, he is happily married and is a father of two children living in Tianjin, China. He is considered as business developer and enhancer and has a total income of about $9.1 billion.

Links

https://amp.scmp.com/business/china-business/article/1173838/sun-hongbin-sunac-jailbird-billionaire
https://www.forbes.com/profile/sun-hongbin/#1d356b953073
https://www.forbes.com/profile/sun-hongbin/#1b891d843073