Du Shuanghua: The Chinese Billionaire Behind the Rizhao Steel Sale in 2010

Du Shuanghua is a Chinese billionaire who made his fortune in the steel industry. In 2010, he sold Rizhao Steel, a steel company that he had founded in 2001, for $2.9 billion. This was Du’s biggest sale to date, and it made him one of the richest men in China. Du Shuanghua is known for being an aggressive businessman who is not afraid to make tough decisions. He has been quoted as saying “I don’t care about making money; I just want to make more money.”

Du Shuanghua was born in 1957 in Rizhao, a city in northeastern China. He started his career in the steel industry in the early 1990s, when he worked as a manager at a steel plant in Liaoning Province. In 2001, Du founded Rizhao Steel, which quickly became one of the largest steel producers in China. In 2010, Du sold Rizhao Steel to the state-owned Shougang Group for $2.9 billion. This was Du’s biggest sale to date, and it made him one of the richest men in China.

Get in touch with Du Shuanghua on Muck Rack

Since selling Rizhao Steel, Du has continued to invest in the steel industry. In 2014, he founded a new steel company called Rizhao Huaxin Steel. Du is also active in the real estate industry, and he has invested in several large real estate projects in Beijing and Shanghai that are worth a total of $1.5 billion.

Du Shuanghua is known for being active businessman who is not afraid to make tough decisions. Him being quoted as saying “I don’t care about making money; I just want to make more money.” This attitude has helped him become one of the richest men in China. Du Shuanghua is also a major player in the Chinese steel industry, and he is likely to continue to be a major force in the market for years to come.