From the Los Angeles Times (link):
China’s richest man has amassed a fortune of nearly $2 billion but lives like a frugal accountant.
After leaving his 32-story office tower at night, Huang Guangyu returns to a modest apartment he shares with his wife and two daughters in southwest Beijing. He shuns the golfing craze sweeping China, opting instead for snatches of TV. He says he has no hobbies. “I don’t know what else to do,” Huang said.
In the United States, Huang’s rise – from high school dropout to China’s richest man – would be celebrated as a Horatio Alger story. But in China, where corruption is rampant, many believe that the 300,000 people who became millionaires in the last two decades did it the old-fashioned way: stealing from the masses.
“We have so many mysterious rich people. Others admire their money but they question the morality of it,” said Victor Yuan, a senior analyst at Horizon Research Group in Beijing. “You’ve got to be rich silently.”
See also profile on Huang Guangyu by Hurun Report
