This post was originally published on South China Morning Post.
Cheng Xue of soy sauce producer Haitian is China’s top earner with US$10 billion wealth, displacing tech executives from Hurun list
Cheng Xue, the vice-chairwoman of Foshan Haitian Flavouring, has displaced dozens of technology executives as China’s highest-paid corporate chieftain, according to the inaugural Hurun China Richest Professional Managers 2021 report.The personal wealth of Cheng, 50, is estimated at 65 billion yuan (US$10 billion), due to her 9 per cent stake in Haitian according to Forbes, which quadrupled in value since its 2014 initial public offering in Shanghai. Cheng is also at the apex of a growing legion…