Doing It Himself: Du Shuanghua
Du Shuanghua is a self-made Chinese billionaire in the steel industry. He has made a name for himself as the founder of a company called Rizhao Steel. Now he is worth more than one point two billion dollars and has moved on to other interests. This is the story of Du Shuanghua and how he survived the ups and downs of the steel industry.
DuShuanghua founded RizhaoSteel in 2003. Over the next six years, the company took off and he was acelebrity. Then the company started to hit some bumps in the road. He had tosell two thirds of the company to Shandong Steel. Later in 2009 Shandong wouldacquire the rest of the company and Du had to sell his share of the company.Now he had to sit back and watch his company go through some difficult times.Over the next few years, the company had to ride the wave of consolidations andnew ownership. Now the company is back on it’s feet and Su Shuanghua can beproud of of what he has accomplished in the industry.
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As the saying goes “all work and noplay make Jack a dull boy.”. DuShuanghua is a philanthropist and wants to see the next generation ofChinese business leaders succeed. He gives his time to many children’scharities all over China and wants to see them have the best life possible. Hecurrently lives in Hengshui, China and is fifty seven years old. He wants thenext wave of business leaders to learn from his example. Even though difficulttimes may come there is always a light at the end of the tunnel. He knows whatit is like to go through tough business times and he has been able to come outon top.


