Cao Longxiang & family
$2.9B
Born
Sep 05, 1957
Age
68
Source of Wealth
Pharmaceuticals
Residence
Taixing, Jiangsu
Citizenship
China
Marital Status
Married
Children
0
Education
- Cao Longxiang chairs Hubei Jumpcan Pharmaceutical, one of China's largest drug companies, specializing in both western and traditional Chinese medicine.
- Cao's son, Cao Fei, serves as the company's vice chairman.
- The company went public in 2001 as Hubei Hongcheng General Machinery, before Cao took control in 2013; he now owns more than 60% of the company.
- Cao was a manager at a cement factory before taking a job with Hubei and served in the Chinese military before entering the pharma business.
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