Liu Yiqian

Liu Yiqian (Chinese: 刘益谦; pinyin: Liú Yìqiān, pronounced [ljǒu îtɕʰjɛ́n], born 1963) is a billionaire investor. He built his fortune by investing in stock trading, real estate[2] and pharmaceuticals.[1]

In this Chinese name, the family name is Liu.
Liu Yiqian
Born1963 (age 57–58)[1]
NationalityChinese
Occupationinvestor
Known forChairman of Sunline Group
Net worthUS$1.38 billion (November 2015)[1]
Spouse(s)Wang Wei
Chinese name
Simplified Chinese刘益谦
Traditional Chinese劉益謙

Business

Liu is chairman of Sunline Group, a Shanghai-based investment company[3] As of 2010, the value of his real estate properties have increased to 10 billion yuan (US$1.6 billion) over the past 19 years.[4]

In 2004, Liu established the companies Tianping Auto Insurance and Guohua Life Insurance. In April 2013, Tianping formed a joint venture with AXA.[5]

According to Forbes, as of July 2015, Liu has a net worth of US $1.37 billion. He ranked as the 163rd wealthiest individual in China and 1,533rd wealthiest in the world.[3]

Art collecting

In April 2014, Liu paid HK$281.24 million (US$36.3 million) for a 500-year-old Ming dynasty doucai chicken cup.[6][7]

In March 2015, he paid HK$348 million (US$45 million) for a 600-year-old embroidered silk thangka (tapestry) that was commissioned by the Yongle Emperor of the Ming dynasty.[8] It was a record high price for a Chinese work of art sold by an international auction house.[9][10] Later that month, he bought an antique Tibetan bronze yogi sitting in the lotus position at an auction at Sotheby's in New York.[9]

In April 2015, he paid US$14.7 million for a Guan ware vase from the Southern Song dynasty.[11]

In November 2015, he bought Italian painter Amedeo Modigliani’s Nu couché (1917–18), a widely known painting of a reclining nude woman, for US$170.4 million, the second-highest price for an artwork at auction, in a volatile sale at Christie's in New York.[12] He paid for the painting with his American Express credit card.[13]

Long Museum
Main article: Long Museum

Liu and his wife Wang Wei founded the Long Museum, with two locations in Shanghai.[14] In 2016, a third location was opened in Chongqing and a Wuhan branch is scheduled for 2018.[15]

References
  1. "Liu Yiqian". Forbes. 1 January 1970. Retrieved 11 November 2015.
  2. NRC Handelsblad, Oscar Garschagen on Chinese museums and collectors of art. Page C4 10 juli 2014
  3. "Liu Yiqian". Forbes (in Japanese). 1 January 1970. Retrieved 11 November 2015.
  4. "Top 10 figures influencing the stock market". Chinadaily.com.cn. Retrieved 11 November 2015.
  5. Xu Donghuan (22 April 2014). "'Uncultured' multi-billionaire is China's biggest fine-art collector | South China Morning Post". Scmp.com.
  6. Kun, Zhang (25 July 2014). "Collector pays $36 million for tea cupLife Style". China Daily Asia. Retrieved 11 November 2015.
  7. "'Uncultured' multi-billionaire is China's biggest fine-art collector | Times of News from China". China.timesofnews.com. 22 April 2014. Retrieved 11 November 2015.
  9. Frederik Balfour (16 April 2015). "The Expensive Antics of China's Gaudiest Billionaire – Bloomberg Business". Bloomberg.com. Retrieved 11 November 2015.
  10. "Chinese Billionaire Liu Yiqian Adds $45 million Thangka To His Art Collection". Forbes.com. 26 November 2014. Retrieved 11 November 2015.
  11. Napolitano, Dean (7 April 2015). "Southern Song Dynasty-Era Vase Sells for $14.7 Million at Sotheby's Auction". WSJ. Retrieved 11 November 2015.
  12. Connor, Neil (10 November 2015). "Meet the Chinese billionaire behind the record Amedeo Modigliani purchase". Daily Telegraph. Retrieved 10 November 2015.
  13. "Billionaire buys $170M painting with credit card". 23 November 2015.
  14. Long Museum website: About Long Museum
  15. Jiayang, Fan (7 November 2016). "THE EMPEROR'S NEW MUSEUM". Newyorker.com. New Yorker. Retrieved 7 November 2016.
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