He bought his first holding in a company that operated very near his bag stall, so he knew all about them.
The shares cost 100 yuan and within a year their value increased to 10,000 yuan. He eventually sold his stake for more than two million yuan.
His wealth is based on that one transaction. Liu invested the profit in companies across a wide range of industries, all of which grew sharply.
- China's billionaires: Liu Yiqian, China's biggest art collector, BBC.co.uk, June 14, 2011.
About the author:
Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.
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