In just a short time, from a person who grew up in a poor neighborhood, Chu Chinh Nghia had assets of more than 100 million USD, becoming the richest person in Shanghai at that time.
With strong ambition, Chu Chinh Nghia started investing in stocks and real estate. As of 2000, he owned 4 companies and invested in multiple industries. In 2002, he was ranked 11th among the richest people in China by Forbes, with a net worth of up to 320 million USD.
Desiring to become extremely rich, Chu Chinh Nghia was accused of manipulating the stock market and falsifying charter capital. He was sentenced to 3 years in prison.
Even though he is in prison, he still enjoys his luxurious life. Because he could not stand the summer heat, he bribed and spent a huge amount of money to install air conditioning in all the cells.
He also uses computers to manage the company and hold board meetings. During his days in prison, he kept up to date with the situation outside, knowing it clearly in the palm of his hand.
In 2007, Chu Chinh Nghia was once again arrested for bribery and fake value-added tax and sentenced to 16 years in prison. In the misfortune, there was luck. Thanks to being in prison for a long time, he avoided the financial crisis in 2008. His assets were frozen so they remained intact.
Before going to prison, Chu Chinh Nghia invested most of his money in real estate. After a long time, this investment brought him huge profits.
He became the richest man in Shanghai
Of the two villas in Hong Kong he bought for 150 million yuan previously, one was later sold for 1.5 billion yuan (more than 5 trillion VND) in 2015. With only 2 villas, Even though he was in prison, he still earned 3 billion yuan (more than 10 trillion VND). He still did not spend this amount of money in his entire life.
Although Chu Chinh Nghia broke the law and was imprisoned, his business vision cannot be denied.
After 16 years in prison, Chu Chinh Nghia returned. At a party, he affirmed that he no longer cared about money and no longer wanted to flaunt his wealth.
