Luo Liguo’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $2.8 billion | Forbes World's Billionaires List 2019 |
| 2020 | $2.1 billion | Forbes World's Billionaires List 2020 |
| 2021 | $4.2 billion | Forbes World's Billionaires List 2021 |
| 2022 | $17 billion | Forbes World's Billionaires List 2022 |
| 2023 | $9.6 billion | Forbes World's Billionaires List 2023 |
| 2024 | $5 billion | Forbes World's Billionaires List 2024 |
| 2025 | $5.2 billion | Forbes World's Billionaires List 2025 |
| 2026 | $5.1 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $2.8 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Luo Liguo’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Luo Liguo has an estimated net worth of $2.8 billion, according to Forbes Real-Time Billionaires, Luo Liguo profile (figures as of October 20, 2026). That is down from a peak of $17 billion.
Luo Liguo is a Chinese businessman and the chairman of Hoshine Silicon Industry, a supplier of silicon metals used in electronics, solar power and chemical products. He was born in March 1956, and Forbes describes him as self-made.
He comes from a township famous for making straw hats, and he learned the craft as a child. After graduating from university, he borrowed 20,000 yuan and founded the Cixi Shenyi Handicraft Factory, a straw hat business that became his first success.
His family now helps run Hoshine. His daughter, Luo Yi, is vice chairman, her husband, Hao Han, is a director, and his son, Luo Yedong, has been CEO since 2021.
Luo is known for moving early into businesses before they took off. From handicrafts to real estate to industrial materials, he has kept shifting his money toward new opportunities, and his family now carries the business forward. His children hold the top jobs at Hoshine today.
How Luo Liguo made his money
Luo used the profits from straw hats to branch out. In the 1990s he set up an investment company and several real estate firms. In the late 1990s he started investing in silicon production in Xinjiang, Shihezi, Heihe and other places, betting on a material that was still far from the spotlight.
That bet paid off as demand for silicon soared. Silicon metal is a key raw material for solar panels, chips and many chemicals, and Hoshine grew into a major supplier. The company went public on the Shanghai Stock Exchange in 2017, which made Luo's stake easy to value.
The jump from straw hats to silicon is one of the more unusual paths to a fortune in China. It reflects a habit of moving early into industries that later boomed.
Spreading production across several regions, from Xinjiang to Heihe in the far northeast, also helped Hoshine grow into one of the larger suppliers in its field.
How Forbes has valued Luo Liguo
Forbes valued Luo at $2.8 billion in 2019 and $2.1 billion in 2020. His figure rose to $4.2 billion in 2021, then soared to $17 billion in 2022.
It fell to $9.6 billion in 2023 and $5 billion in 2024, then held around $5.2 billion in 2025 and $5.1 billion on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed $2.8 billion.
Career and money timeline
- 1956
Born in China.
- 2017
Hoshine went public on the Shanghai Stock Exchange.
- 2021
His son Luo Yedong became CEO of Hoshine.
- 2022
Forbes valued him at $17 billion.
- 2026
Forbes valued him at $5.1 billion.
Luo Liguo net worth FAQ
What is Luo Liguo's net worth?
Luo Liguo's net worth is an estimated $2.8 billion, according to Forbes Real-Time Billionaires, Luo Liguo profile (October 20, 2026). It is an estimate, not an official figure.
How did Luo Liguo get so rich?
The main sources named in the reporting we cite are: Chemicals.
Is Luo Liguo a billionaire?
Yes. Forbes Real-Time Billionaires estimates Luo Liguo is worth $2.8 billion.
How has Luo Liguo's net worth changed?
The earliest published estimate we track is $2.8 billion (2019, Forbes World's Billionaires List 2019). The latest is $2.8 billion (October 20, 2026).
How did Luo Liguo start in business?
He borrowed 20,000 yuan after university and founded a straw hat factory, the Cixi Shenyi Handicraft Factory.
Sources
- Forbes Real-Time Billionaires, Luo Liguo profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Luo Liguo profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Luo Liguo profile (April 8, 2020)
- Forbes World's Billionaires List 2021, Luo Liguo profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Luo Liguo profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Luo Liguo profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Luo Liguo profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Luo Liguo profile (April 2025)
- Forbes World's Billionaires List 2026, Luo Liguo profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Luo Liguo (accessed October 31, 2026). Used for career facts only, never for figures.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.