Li Shuirong Net Worth

Li Shuirong has an estimated net worth of $13.8 billion, according to Forbes Real-Time Billionaires, Li Shuirong profile (figures as of October 20, 2026). That is up from $4.9 billion in 2019.

Li Shuirong is a Chinese businessman and the chairman of Zhejiang Rongsheng Holding Group, which has interests in petrochemicals, logistics and real estate. He was born in 1956, and Forbes describes him as self-made.

Before going into business he tried to make a living as a carpenter. His life changed when he spotted an opportunity in the market for polyester fiber cloth and decided to start a factory of his own.

He is also chairman of the group's Shenzhen-listed arm, Rongsheng Petrochemical, where his son-in-law, Xiang Jiongjiong, serves as general manager.

Li's journey from carpenter to refining tycoon took about three decades. He moved up the supply chain step by step, from weaving cloth to making the fiber itself and then to refining the oil that fiber is made from. Each step made the business bigger and gave him more control over his raw materials.

How Li Shuirong made his money

In 1989 Li founded the Yinong Network Chemical Fiber Factory, which made polyester fiber cloth. As the polyester industry moved upstream into the chemicals used to make fiber, he followed it and founded Zhejiang Rongsheng Holding Group. In 2020 the group became the first private oil refiner allowed by the Chinese government to export refined oil products.

Rongsheng's biggest partner is Saudi Aramco. In 2023 the energy giant bought a 10% stake in Rongsheng Petrochemical for $3.4 billion as part of a strategic partnership. In April 2024 the two companies agreed to each buy a 50% stake in the other's subsidiary, ZhongJin Petrochemical and SASREF, to develop projects in China and the Middle East.

His rise from carpentry and textiles to refining and petrochemicals is one of the larger leaps in Chinese industry. Rongsheng now sits at the center of the supply chain that turns crude oil into plastics and fibers.

How Forbes has valued Li Shuirong

Forbes valued Li at $4.9 billion in 2019. His figure fell to $2.5 billion in 2020 and $2.2 billion in 2021, then jumped to $10.3 billion in 2022.

It dipped to $7.8 billion in 2023, rose to $10.5 billion in 2024 and eased to $9.7 billion in 2025, before jumping to $16.9 billion on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed $13.8 billion.