China S Newest Billionaire Made His Fortune Breeding Chickens
Lihua’s headquarters are in the eastern China city of Changzhou. Shares rose by 44% to close at 42.26 yuan. This made Cheng’s 48% stake in the chicken business with 8.2 billion yuan, or $1.2 billion at the close of trading on Monday. Over the course of the next few days, stock in Jiangsu Lihua Animal Husbandry continued to rise, making Cheng’s fortune grow right alongside it. China is, of course, the second-largest economy in the world....