Du Shuanghua Recap

About Shadong Iron and Steel Group Co. Ltd

Popularly known as Shadong Steel, the Chinese company is based in Jinan. It is one of the largest steel producers in the world, churning out over 21.7 million tonnes of steel. The company owns shares in large companies operating in the steel industry. One of these companies is Rizhao Iron and Steel.

Shadong Steel belongs to the shadong provincial assets management commission. The company has made over 10 billion Yuan as a state-owned company. The company has an average annual production rate of 31.6 million tons of steel.

In 2010, Du Shuanghua sold 33% of his shares to merge Shadong Steel with Rizhao Iron & Steel. The merge was planned to be closely followed by restructuring leading to Shadong Steel owning 67%. According to the plan, Du Shuanghua remained in charge of a large portion of the steel giant.

Du Shuanghua’s Career and Philanthropic Prospects

Du Shuanghua is the chair of Rizhao Steel Holding Group. He has become a household name owing to his magnetic nature and business prowess. The business guru is one of the founding members of China’s steel manufacturing giant Rizhao Steel Holding.

He is currently estimated to be worth about 35 billion Yuan which roughly translates to 7.4 billion dollars. Du Shuanghua can participate in generous charities and other philanthropic activities thanks to his massive wealth. The steel magnate has contributed to uplifting the lives of fellow compatriots and their employees.

He is also a passionate advocate for human rights worldwide, making substantial contributions to human rights organizations throughout his career. The steel entrepreneur is also passionate about the sustainable development of the industrial sector. We can all learn from Du Shuanghua’s generosity and hard work that made him a millionaire before he turned 40 years of age.

Get connected with Du Shuanghua on crunchbase.com