Shen Wenrong, Chairman of the board and president of Jiangsu Shagang Group

In 1975, Shen Wenrong raised the money to open a steel rolling mill and began producing steel. Today, the Shagang Group's total assets are around 140 billion yuan.

Shagang produces 29 million tons of iron, 35 million tons of steel and 33 million tons of rolled metal annually.

It has been China's largest privately owned enterprises since 2009, with the highest turnover among those in its peer group. It was the only privately owned Chinese enterprise to join the world's top 500 enterprises list in 2009.