Du Shuanghua: From Steelmaker to Billionaire
In 2010, Du Shuanghua made headlines when he sold Rizhao Steel for a whopping $5.4 billion. This made him one of the richest men in China and cemented his status as a steelmaking mogul. But how did Du achieve such success? And what is he doing now? We’ll take a look at the life and career of Du Shuanghua, from his early days making steel to his recent sale of Rizhao Steel.
Born in Shandong province in China, Du Shuanghua started his career in the steel industry. He worked his way up through the ranks, eventually becoming general manager of Shandong Steel. Under Du’s leadership, Shandong Steel became one of the largest steelmakers in China.
In 2006, Du left Shandong Steel to start his own company, Rizhao Steel. Du quickly turned Rizhao into a major player in the steel industry, with an annual output of over 20 million tons of steel.
In 2010, Du made headlines when he sold Rizhao Steel for $5400 million. This made him one of the richest men in China and cemented his status as a steelmaking mogul.
Since the sale of Rizhao Steel, Du has been focusing on new business ventures. He is now involved in real estate, energy, and other industrial businesses.
Du Shuanghua is a self-made man and a true pioneer in the steelmaking industry. He has achieved great success in both business and life, and his story is an inspiration to all.
He grew up in Shandong province in China and started his working career in the steel industry. He worked his way up to eventually become the general manager of one of China’s largest steelmakers. In 2006 he decided to start his own company and within a few years had made it into a major player in the industry with an annual output of over 20 million tons of steel. More on Forbes: https://www.forbes.com/profile/du-shuanghua/