What is Zhou Chengjian's Net Worth?
Zhou Chengjian is a renowned Chinese textile industrialist with a net worth of $1.4 billion. His journey began in Zhejiang Province where he worked as a tailor, which paved the way for him to establish one of China's most prominent home-grown apparel chains, Shanghai Metersbonwe Fashion & Accessories.
In recent years, however, the chain's performance has suffered due to intense competition from e-commerce rivals, leading to a significant decline in his wealth. Zhou's net worth dropped from $2.1 billion to $1.6 billion, mainly due to a substantial decrease in Metersbonwe’s share prices caused by a sharp drop in profits.
Apart from the retail sector, Zhou also invests in real estate through Shanghai Huafu Investment. This investment firm is wholly owned by Zhou and his daughter, Hu Jiajia.
