What is Song Zuowen's Net Worth?
Song Zuowen is a Chinese businessman who has a net worth of $1.8 billion. Song Zuowen is the president of Nanshan Group, which holds interest in aluminum, apparel, jets, education and tourism. Recently, he has seen a decline in his net worth due to the slower economic growth in China, which has mostly affected his aluminum business.
Thus, the net profit of the group's Shandong Nanshan Aluminum has fallen by 22% to $98.4 million. In 2013, the company was also said to have invested $6.5 million (40 million yuan) for an 80% stake in a joint venture with Zhongguancun Development Group to set up the Beijing Nanshan Aerial Material Research Institute. The deal is seen as an attempt by the aluminum company to expand into aviation-related materials.
