Midea’s billionaire founder He Xiangjian rescued after kidnappers armed with explosives broke into his luxury villa in Foshan, China - ShareIsValue
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Monday, June 15, 2020

Midea’s billionaire founder He Xiangjian rescued after kidnappers armed with explosives broke into his luxury villa in Foshan, China

The Chinese billionaire founder of Midea Group, one of the world’s largest home appliance makers, has been rescued from kidnappers who broke into his luxury villa in southern China over the weekend.He Xiangjian, 77, estimated to be worth US$25 billion and ranked the 6th richest person in China by Forbes, was abducted by kidnappers carrying explosives at his home in Foshan, in Guangdong province, local Chinese media reported.His only son, 55-year-old He Jianfeng, was reported to have sneaked out…

from South China Morning Post https://www.scmp.com/business/china-business/article/3089069/mideas-billionaire-founder-he-xiangjian-rescued-after

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