Shi Yonghong & family

Net worth over time

Biography

• Shi Yonghong cofounded Sichuan hot pot chain Haidilao in 1994 with Zhang Yong, also a billionaire, and two friends who became their wives.
• The company, which had about $4.4 billion in sales from almost 1,300 locations in 2020, went public in Hong Kong in September 2018.
• Known for offering special services such as free manicures for waiting customers, Haidilao has expanded to the U.S., Japan, South Korea and Singapore.
• Shi, who owns his stake in Haidilao with wife Li Haiyan, has a stake in Yihai International, hot pot condiment maker that was spun off from Haidilao.
• Shi sits on the board of both companies.

Financial assets