What is Zhou Chengjian's Net Worth?
Zhou Chengjian is a Chinese textile industrialist who has a net worth of $1.4 billion. Zhou Chengjian made his career beginnings as a tailor in Zhejiang Province before establishing one of China's largest home-grown apparel chains, Shanghai Metersbonwe Fashion & Accessories. But in recent years, the performance of the chain was poor due to fierce competition from e-commerce rivals.
Thus, Zhou witnessed a significant decline in his wealth as it dropped from $2.1 billion to $1.6 billion, on the back of a double-digit fall in Metersbonwe shares because of a big plunge in profits. Aside from putting hid money in the retail business, Zhou also invests in Chinese real estate through Shanghai Huafu Investment. The latter is entirely owned by Zhou and his daughter Hu Jiajia.
