Rank #860
Shen Guojun
Net worth $5.0B
Retail · China
- Born
- Jul 31, 1962
- Age
- 63
- Source
- Retail
- Residence
- Beijing, Beijing
- Citizenship
- China
- Marital status
- Married
- Children
- 1
- Education
- Master of Arts, Zhongnan University of Economics and Law
Net worth over time
Biography
- Shen Guojun is the founder and chairman of Yintai Group, whose interests cover retail, real estate and investment.
- Yintai's department store chain Intime was taken private from the Hong Kong Stock Exchange by Shen and Alibaba in 2017, in a deal that valued it at $2.6 billion.
- Shen worked in a state-run bank before he started his own business.
- The tycoon has divested sizable stakes in gold, property and other businesses amid China's slower growth.
- In 2024, Alibaba sold its 99% stake in Intime to a consortium led by China's textile heavyweight Youngor Group for $1 billion, registering $1.3 billion loss.
Financial assets
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