Huang Guangyu’s rise from his impoverished childhood to great wealth was swift. He dropped out of school and left home when he was 16. Two decades later, he was a billionaire entrepreneur and the richest man in China. His fall from grace was even faster. In 2010, he was sentenced to 14 years in prison after he was convicted on charges of bribery, insider trading and illegal foreign exchange dealings.

Huang Guangyu was born in Chaoshan, southern China in 1969 to a poor family. In 1985 he dropped out of school and went into business with his brother. The duo borrowed 4,000 yuan from friends and family to fund their enterprise. Huang and his brother realized that cheap products from southern China could be sold for a handsome profit in the north.

It wasn’t always easy going. For instance, Huang tried to trade fabric but had no concept of seasons, color, or fashion and no one wanted his fabric. That’s when the brothers realized that everyone uses electrical appliances, so there was less risk there. Still, they didn’t always have the money for inventory. One time they stacked empty boxes at their stall and if a customer came along, one of them would run off and buy it from another vendor in the market.

By the late 1980s, Huang had founded Gome Electrical Appliances, a retail chain selling home appliances. It was a revolutionary idea at the time. Back then,

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So whats the use of his wealth

from your story all i see is A Chinese drop shippin to fellow Chinese. Anyways his problem is his problem. . . . . . meanwhile, check my signature