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ByCat Wang,
Forbes Staff.
This story is part of Forbes’ coverage of China’s Richest 2025. See the full list here.
Amid rising gold prices, shares of jewelry maker Laopu Gold have skyrocketed nearly fivefold from a year ago, propelling its founder Xu Gaoming into the ranks of the country’s richest for the first time with an $11 billion fortune. Called the “Hermès of gold jewelry,” it features elaborate Chinese designs and traditional craftsmanship.
