Zhang Yong (Chinese: 张勇; pinyin: Zhāng Yǒng) is a Chinese-born Singaporean restaurateur. He is the founder of the Haidilao restaurant group, best known for its chain of hot pot restaurants. At the end of 2018, Haidilao Hot Pot had 466 direct-operated stores in operation in more than a hundred cities. Zhang also holds majority stake in Haidilao Catering, Haidilao International Holding and Yihai International.[2]
Zhang Yong | |
|---|---|
| 张勇 | |
| Born | 1969 or 1970 (age 54–55)[1] |
| Nationality | Singaporean |
| Occupation | Restaurateur |
| Years active | 1994–present |
| Known for | Being the founder of Haidilao |
| Title | Founder and CEO of Haidilao |
| Spouse | Shu Ping (舒萍) |
| Children | 1 |
Life and career
editZhang Yong was born and grew up in Jianyang, Sichuan, China.[3][1] He started his humble career beginnings as a welder by profession, and did not eat in a restaurant until he was 19.[4]
In 1994, he quit his job in a tractor factory and opened a restaurant with 4 tables to seat customers, [5] the first Haidilao, which was cofounded by two couples, Zhang Yong and his wife Shu Ping, and fellow business partners Shi Yonghong and his wife Li Haiyan.[6]
Zhang's restaurant soon became the largest hot pot restaurant in town. A second restaurant, Lou Wai Lou, opened in 1998. In 2010, the company opened its own restaurant management training school.[6][7] Zhang has stated that his business philosophy revolves around using hot pot as a medium through which qi (器) and Dao (道) can be reunited.
Personal life
editFamily
editZhang is married to Shu Ping, a co-founder and non-executive director of Sichuan Haidilao Catering and have a son.[8] In 2018, Zhang and his family emigrated to Singapore,[9] where he later became a naturalised citizen.[10][11]
Wealth
editAs of July 2021, Forbes estimated his net worth at US$15.8 billion, making him China's richest restaurateur.[9] Forbes estimated in the same year that his fortune had fallen by US$2.4 billion after his company's stock value fell by 17%.[12] He ranked #126 on Forbes' 2019 Billionaires list, making him the 3rd richest man in Singapore.[13]
Published work
edit- Learn from Hai Di Lao, 2011[1]
References
edit- ^ a b c Burkitt, Laurie (24 May 2013). "Star Entrepreneur's Business Advice: Don't Listen to Me". wsj.com. Retrieved 13 September 2018.
- ^ Salim, Zafirah (27 March 2019). "How Haidilao Founder Hit Jackpot With His US$21B Hotpot Chain - Now S'pore's Third Richest". Vulcan Post. Retrieved 18 May 2020.
- ^ Huddleston, Tom Jr. (9 October 2018). "How one man went from welding in a tractor factory to building a multi-billion dollar Chinese hotpot business". CNBC.
- ^ Dexter Roberts (7 August 2017). "China's Spicy Hotpot Billionaire Is Ready to Take on the World". Bloomberg. Retrieved 14 September 2018.
- ^ Tom Huddleston Jr. (9 October 2018). "How one man went from welding in a tractor factory to building a multi-billion dollar Chinese hotpot business". Cnbc.com. Retrieved 17 June 2019.
- ^ a b Zafirah Salim (27 March 2019). "How Haidilao Founder Hit Jackpot With His US$21B Hotpot Chain - Now S'pore's Third Richest". Vulcanpost.com. Retrieved 17 June 2019.
- ^ Li Xiang, Yu Nan (26 May 2011). "Interview with Zhang Yong: The Secret of Haidilao's Success". Eeo.com.cn. Retrieved 17 June 2019.
- ^ Lay, Belmont (16 April 2019). "Haidilao naturalised S'porean founders increase wealth by S$7.6 billion in 3 months". Mothership. Retrieved 29 September 2019.
- ^ a b "Forbes profile: Zhang Yong". Forbes. Retrieved 9 July 2021.
- ^ "Hotpot billionaire Zhang Yong ousts Far East's Ng brothers to top Forbes list of Singapore's richest". The Jakarta Post. 30 August 2019. Retrieved 29 September 2019.
- ^ Chia, Rachel Genevieve. "How Singapore's richest man went from welding in a factory for $14 per hour to owning a $17 billion hotpot restaurant chain". Insider. Retrieved 24 January 2022.
- ^ Lee, Zinnia. "Hotpot Tycoon Sees Fortune Drop $2.4 Billion After Earnings Outlook Disappoints". Forbes. Retrieved 15 December 2021.
- ^ Zafira Salim (6 March 2019). "The Real Crazy Rich Asians: 22 S'pore Individuals Who Made It To Forbes' 2019 Billionaires List". Vulcanpost.com. Retrieved 17 June 2019.