The Chinese businessman started out as a merchant and grew to be one of the country’s top billionaires.
Francis Choi Chee-ming He was born in Jieyang, Guangdong, China in 1945, but in his childhood he moved to Hong Kong. He worked as a salesman until at the age of 25, in 1972, he was able to found your toy manufacturing companywhich started out small but soon had 300 employees.
Currently, he is married and has 3 children. He and his family live in Hong Kong and he likes to collect watches, horses and cars. Furthermore, it is part of the Chinese People’s Political Consultative Conferencea political consultant to the Chinese Communist Party.
Francis Choi
How Francis Choi made his fortune
Francis Choi He began his working life as a merchantbut he was a skilled toy maker. At first he went house to house offering them and thus managed to sell a considerable amount that, at the age of 25, in 1972, allowed him to open his own company in Hong Kong.
Although at first it was a simple store, In just 5 years it grew so much as to have 300 employees. Francis Choi’s training work was exhaustive. It is said that he went floor by floor, office by office teaching his employees how to make toys for further improvement.
Today, his company Early Light has more than 80,000 employees and is considered the largest manufacturer of children’s toys in the world.
How much is Francis Choi’s fortune today?
According to Forbes Magazine, Francis Choi currently owns a fortune of 8.2 billion dollars and ranks 312th among the richest men in the world. While in Hong Kong, he is in 10th place among the 50 most millionaires.
Source: Ambito
