Liu Yiqian

This is a Chinese name; the family name is Liu.
Liu Yiqian
Born 1963/1964 (age 51–52)[1]
Residence Shanghai, China
Nationality Chinese
Occupation investor
Known for Chairman of Sunline Group
Net worth US$1.38 billion (November 2015)[1]
Spouse(s) Wang Wei
Liu Yiqian
Simplified Chinese 刘益谦
Traditional Chinese 刘益谦

Liu Yiqian (Chinese: 刘益谦; pinyin: Liú Yìqiān, pronounced [li̯ǒu̯ îtɕʰi̯ɛ́n], born 1963/1964) is a Chinese businessman and art collector who built his fortune by investing in stock trading, real estate[2] and pharmaceuticals.[1]

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 (USD $1,613,970,528.90) 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 23, 2015, Liu has a net worth of USD$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 (USD$36.3 million) for a 500-year-old Ming dynasty cup.[6][7]

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

On April 7, 2015, he paid USD$14.7 million for a Southern Song-era vase.[10]

In November 2015, he bought Italian painter Amedeo Modigliani’s Nu couché, a widely-known painting of a reclining nude woman, for $170.4 million, the second-highest price for an artwork at auction, in a volatile sale at Christie’s in New York.[11] He paid for the painting with his American Express card.[12]

References

  1. 1 2 3 "Liu Yiqian". Forbes. 1970-01-01. Retrieved 2015-11-11.
  2. ↑ NRC Handelsblad, Oscar Garschagen on Chinese museums and collectors of art. Page C4 10 juli 2014
  3. 1 2 "Liu Yiqian" (in Japanese). Forbes. 1970-01-01. Retrieved 2015-11-11.
  4. ↑ "Top 10 figures influencing the stock market". Chinadaily.com.cn. Retrieved 2015-11-11.
  5. ↑ Xu Donghuan (2014-04-22). "‘Uncultured’ multi-billionaire is China’s biggest fine-art collector | South China Morning Post". Scmp.com.
  6. ↑ Kun, Zhang (2014-07-25). "Collector pays $36 million for tea cupLife Style". China Daily Asia. Retrieved 2015-11-11.
  7. ↑ "‘Uncultured’ multi-billionaire is China’s biggest fine-art collector | Times of News from China". China.timesofnews.com. 2014-04-22. Retrieved 2015-11-11.
  8. 1 2 Frederik Balfour (2015-04-16). "The Expensive Antics of China's Gaudiest Billionaire - Bloomberg Business". Bloomberg.com. Retrieved 2015-11-11.
  9. ↑ "Chinese Billionaire Liu Yiqian Adds $45 million Thangka To His Art Collection". Forbes.com. 2014-11-26. Retrieved 2015-11-11.
  10. ↑ Napolitano, Dean (2015-04-07). "Southern Song Dynasty-Era Vase Sells for $14.7 Million at Sotheby’s Auction". WSJ. Retrieved 2015-11-11.
  11. ↑ Connor, Neil (November 10, 2015). "Meet the Chinese billionaire behind the record Amedeo Modigliani purchase". Daily Telegraph. Retrieved November 10, 2015.
  12. ↑ http://www.thestar.com/business/2015/11/23/billionaire-buys-170m-painting-with-credit-card.html
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