Guo Guangchang

Guo Guangchang chairs Fosun International. He transformed the conglomerate into an insurance-focused investment group.In December 2016, Fosun agreed to sell U.S. insurer Ironshore to Liberty Mutual for about $3 billion to help raise cash.Fosun purchased a 74% stake in Indian pharmaceuticals company Gland Pharma in 2017.Fosun's investments range from steelmaking to mining, tourism and pharmaceuticals.Fosun cofounder Liang Xinjun is also a billionaire.