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Ex-Fisheries Clerk Amasses $9 Billion As His Gold Jewelry Brand Soars

Xu Gaoming, a former fisheries clerk in China, has amassed a staggering $9 billion fortune as his gold jewelry brand, Laopu Gold, has seen its shares soar almost 1,500% following an initial public offering (IPO) less than a year ago.

Source: https://www.forbes.com/sites/ywang/2025/03/13/ex-fisheries-clerk-amasses-9-billion-as-his-gold-jewelry-brand-soars/