Xu Ming

For the figure skater, see Xu Ming (figure skater).

In this Chinese name, the family name is Xu.
Xu Ming
徐明
Xu Ming took the witness stand at Bo Xilai's trial on 22 August 2013
BornApril 1971
Dalian, Liaoning, China
Died4 December 2015(2015-12-04) (aged 44)
Wuhan, Hubei, China
EducationMaster's degree
Alma materShenyang Aerospace University
Dongbei University of Finance and Economics
OccupationEntrepreneur
EmployerDalian Shide Group
OrganizationDalian Shide F.C.
Political partyChina Zhi Gong Party[1]
RelativesXu Bin (brother)

Xu Ming (Chinese: 徐明; pinyin: Xú Míng; April 1971 – 4 December 2015)[1] was a Chinese entrepreneur and billionaire. He was the founder of the conglomerate Dalian Shide Group, and the chairman of Dalian Shide F.C., China's top football club in the 2000s. In 2005, Forbes ranked him the eighth-richest person in China, with an estimated net worth of US$1.05 billion,[2][3] but his net worth declined to $690 million in 2011.[4] The 2013 Hurun Report estimated his wealth to be around US$490 million, ranking 676th in China.[5]

Xu had close relationships with several high-ranking government officials and their families, especially the former Politburo member Bo Xilai. After Bo was implicated in a political scandal and fell from power in 2012, Xu was taken into custody,[2] and testified in August 2013 at the trial of Bo,[6] who was convicted and sentenced to life in prison. Xu was also sent to prison, where he died in December 2015, less than a year before his scheduled release.[7]

  1. ^ a b 徐明 [Xu Ming] (in Chinese). Dalian Shide Group. Retrieved 23 August 2013.
  2. ^ a b David Barboza (21 August 2013). "China Boss's Fall Puts Focus on a Business Ally". New York Times. Retrieved 22 August 2013.
  3. ^ "#8 Xu Ming". Forbes. Retrieved 23 August 2013.
  4. ^ Simon Montlake (22 August 2013). "China's Political Show Trial Exposes Dalian Tycoon. Can His Company Survive?". Forbes. Retrieved 22 August 2013.
  5. ^ "China Rich List 2013". Hurun Report. Retrieved 4 September 2014.
  6. ^ Edward Wong (22 August 2013). "Fallen Official Is Defiant as Trial Begins in China". New York Times. Retrieved 22 August 2013.
  7. ^ Cite error: The named reference Forsythe was invoked but never defined (see the help page).