Guo Guangchang
Guo Guangchang is a Chinese businessman and investor. He is the chairman and co-founder of Fosun International Limited, and a representative of the 12th Chinese People’s Political Consultative Conference. According to Hurun Report’s 2013 China Rich List he was the 41st richest person in China.
- Guo Guangchang chairs Fosun International. He transformed the conglomerate into an insurance-focused investment group.
- In December 2016, Fosun agreed to sell U.S. insurer Ironshore to Liberty Mutual for about $3 billion to help raise cash.
- Fosun purchased a 74% stake in Indian pharmaceuticals company Gland Pharma in 2017.
- Fosun’s investments range from steelmaking to mining, tourism and pharmaceuticals.
- Fosun cofounder Liang Xinjun is also a billionaire.
