Qiu Guanghe Net Worth

Qiu Guanghe has an estimated net worth of $3.2 billion, according to Forbes Real-Time Billionaires, Qiu Guanghe profile (figures as of October 20, 2026). That is down from a peak of $4 billion.

Qiu Guanghe is a Chinese entrepreneur and the founder and chairman of Semir Group, the parent of Zhejiang Semir Garment, one of China's largest clothing retailers. He was born in 1951, and Forbes describes him as self-made.

His formal education ended with high school. Before going into fashion he worked in the home appliance industry, and he started his clothing business relatively late, in his forties.

He is married with two children and lives in Wenzhou, his hometown, a trading center in Zhejiang province known for producing entrepreneurs. His family shares in his fortune and helps run the business. His son, Qiu Jianqiang, chairs Zhejiang Semir Garment, and his son-in-law, Zhou Pingfan, is a senior executive at Semir.

Qiu's success is part of a broader Wenzhou story, in which local traders built national businesses from small beginnings.

How Qiu Guanghe made his money

Qiu founded his fashion retailing group in 1996 in Wenzhou. Semir opened its first store in 1997 in Jiangsu province, selling leisurewear, and the chain grew from there.

Zhejiang Semir Garment was founded in 2002 and focuses on casual wear and children's clothing. Forbes says it now has nearly 8,000 stores across China, including franchises. Semir also owns Balabala, which is China's leading children's clothing brand, and that label has become one of the most important parts of the business.

Qiu built Semir into a household name in China by selling affordable, everyday clothes for adults and kids through a huge network of stores. His family's growing role suggests the business will stay in their hands for the next generation.

Building such a large network took decades of steady expansion, store by store and franchise by franchise, across the country.

How Forbes has valued Qiu Guanghe

Forbes valued Qiu at $3.6 billion in 2019. His figure dropped to $2.8 billion in 2020, then rose to $4 billion in 2021, his highest in the period.

It then eased to $3.4 billion in 2022, $3 billion in 2023 and $2.8 billion in 2024, before recovering to $3.1 billion in both 2025 and on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed $3.2 billion. His fortune has been fairly steady over the years, staying between about $3 billion and $4 billion in most years.