Today’s news, Meet the Taiwanese shoemaker who built an $11.7 billion fortune.
On a pig farm, he began his first shoe business.
Zhang Congyuan is Taiwan’s richest man, with a fortune of $11.7 billion earned through designing shoes for some of the world’s most recognizable companies.
The 74-year-old is also the wealthiest self-made newbie on Forbes’ World Billionaires list, which ranks the world’s wealthiest people every year.
Zhang’s company, Huali Industrial Group, manufactures shoes for brands including Nike, Ugg, and Vans.
According to Bloomberg, Huali produces more than 1.2 billion pairs of shoes each year.
Despite his success, he keeps a modest profile, giving only a few interviews and rarely attending public events.
He’s dubbed the “mystery shoe king” in Taiwanese media.
According to Taiwan’s Business Weekly, Zhang was born into a farming community in the Taiwanese countryside of Yunlin.
She worked at a women’s shoe factory after graduation from an agricultural college.
In the 1980s, he was able to accumulate enough money to open his own shoe factory, despite his disabilities.
“Because I didn’t have any money at home, I would have to live within my means.
People purchase suitable parcels of land on which to build their homes.
I own a pig farm and a cottage in the countryside. “Last year, he told the magazine in a rare interview.
Despite its drab exteriors, the pig farm in western Taiwan produced decent shoes,
According to the magazine, quoting Chiang Wei-Lun, an executive of shoebox maker Goodbox.
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