The once heroic "Shanxi's richest man" Li Zhaohui
Li Zhaohui, who was born in 1981, was previously known to the public, mainly based on the following several things that have attracted much attention: First, the 22-year-old "distressed", took over his father "steel king" Li Haicang became the marshal of the Haixin Iron and Steel Group; second, after taking office, he faded out of the steel industry and played capital, which made him controversial; third, at the age of 26, he became 78th on the Hurun Report. Shanxi’s youngest and richest man"; fourth, he spent a lot of money to marry actress Che Xiao in 2010. He divorced two years later and fell into a "300 million breakup fee" rumors.
The old days are in full swing, but now 36-year-old Li Zhaohui is in a financial debt crisis and is restricted from leaving the country because he refuses to fulfill the judgment. The above constituted the first half of Li Zhaohui's ups and downs.
The outside world gave him the label of "stocking loser", and some people even regarded it as a case of "rich second-generation succession". It is undeniable that a hasty succession is really a kind of pressure for a 22-year-old young man with no actual experience in shopping malls. As Li Zhaohui said before, "Wealth is a kind of pressure for me. I understand that Haixin has more than 9,000 people waiting for me to eat. If I make a mistake in decision-making, many people will lose their jobs. This pressure is too great for me."
22 In ordinary people’s perception, life is more exciting due to various uncertainties and unknown experiences. But for Li Zhaohui, this may be a different experience from ordinary people. The unexpected succession at the age of 22 made him enter an indescribable stage from the natural growth of his life. Perhaps it can be glimpsed from his image: before the age of 22, he had long punk-like hair; after the age of 22, he was neat and straight with a serious expression.
All this has changed because in January 2003, his father Li Haicang suffered a sudden shooting at the company. Strangely, the murderer Feng Yinliang committed suicide by drinking a bomb at the scene, leaving a mystery. So far, there is still a cloud of doubt behind the shooting. In addition to shock and regret, it also left a problem for the Haixin Iron and Steel Group at the time-"What about Haixin?"
, as the well-known Haixin Iron and Steel Group in Shanxi and even the whole country at the time, its position in the industry Pivotal. In 1987, 42-year-old Li Haicang raised 400,000 yuan to build the first joint-stock coal washing and coking plant in Wenxi County, Yuncheng, Shanxi. After that, he set up a number of enterprises such as Haixin Steel Co., Ltd., Haixin Investment Co., Ltd. and Haixin Steel Rolling Co., Ltd. on the loess land almost at the speed of setting up a new factory in a year, and established total assets in 1992. Shanxi Haixin Iron and Steel Group Co., Ltd., a large private enterprise group with a value of 3 billion yuan.
After the establishment of Haixin Iron and Steel Group, Li Haicang continued to attract investment and expand production, and in 1996 successfully built the company into a large-scale enterprise with various technologies such as steelmaking and rolling, and achieved rapid development in the steel industry through cooperation with other enterprises. development of. Public information shows that in 2001, the total assets of Haixin Group doubled 13 times in 14 years, and profits and taxes increased 5000 times; in 2002, the total assets of Haixin Group reached 4 billion yuan, becoming the second largest steel in Shanxi Province. The enterprise is also the largest private enterprise in Shanxi Province. And Li Haicang himself is called the "Shanxi Iron and Steel King" by the industry because of his management.
For Wenxi County, Haixin Iron and Steel Group has been the largest economic pillar of the county since its birth. It not only solved the employment problem of nearly 10,000 people, but also contributed more than half of the local fiscal revenue. Especially in Dongzhen where Haixin is located, 80% of the population of about 60,000 in the town depend on Haixin for food. According to some locals, "Hai Xin sneezed and the whole Wenxi caught a cold."
When Li Haicang was shot and killed, it coincided with the tenth anniversary of the founding of Haixin Iron and Steel Group. Li Haicang once confidently declared, "To build China's largest private steel enterprise." After the shooting incident, the situation changed for a while, with the suspension of production, bank debt collection, and employees asking for wages... Haixin Iron and Steel Group fell into an unprecedented crisis.
For Haixin people, Li Haicang's sudden death is almost equivalent to "the sky has fallen." Dong Pengxiang, then secretary of the Wenxi County Party Committee, jumped out and said, "Handling Li Haicang's funeral is not a simple burial." He learned that "who will succeed" is the biggest problem Li Haicang left for Haixin.
At that time, 22-year-old Li Zhaohui was studying in Australia, focusing on business management. He received a call from his hometown mother in Australia,The family said, "Grandma is sick, let him come back soon." He didn't know what he would face.
In 2003, when Li Zhaohui was interviewed by this magazine, he confessed his status at the time: After putting down the phone, he had a premonition from an Australian aunt that the father had an accident, but the aunt concealed it. Until the transfer in Hong Kong, Li Zhaohui would see two girls After reading the headline of the Hong Kong "Chinese Business Daily", "A big headline on the front page, "The Vice Chairman of the All-China Federation of Industry and Commerce, Li Haicang was killed by a gangster" jumped into my eyes," and confirmed his father's death.
learned of his father’s sudden death through media reports. Li Zhaohui was a little bit disbelieved. “At that time, my mind was blank and I thought it was impossible. But that was the headline of the Hong Kong "Chinese Business Daily". The stewardess came over and asked me what happened. Put it away, dry your tears, and say, "It's okay, give me a cup of coffee."" After getting off the plane and on the way home in the car, Li Zhaohui felt mixed, "The feeling of sitting in the car may be difficult for adults. I understand, suddenly my father is gone, what should I do in the future? I have no idea."
father is gone, who will take over? Soon, Li Zhaohui thought of these questions, "My father is gone, what should we do in this family? Company? So big, what should we do?" Li Zhaohui once said in an interview with "Chinese Entrepreneur".
Although Li Zhaohui considered these issues one by one, in a company like Haixin with family members as its core, it was Li Chunyuan, the patriarch of Li's family and Li Haicang's father, who had the final say. Since Haixin was founded by Li Haicang with his own efforts, he holds more than 90% of the shares, and without any dispute, most of them were given to the eldest son Li Zhaohui. But on the issue of the choice of the new chairman of the board, there were great differences within the Li family.
In order to confirm the final successor, the Li family convened three family meetings to discuss inheritance rights and the new chairman. According to the "Business" report, Li Zhaohui's fifth uncle Li Tianhu was originally the most popular chairman candidate. He has been the general manager of Haixin Iron and Steel Group for eight years. He is the best candidate for the chairman of the board in terms of experience, ability and network resources, but this proposal was rejected by Li Chunyuan. Then someone suggested that Li Tianjie, the sixth uncle of Li Zhaohui, should be the chairman, and Li Tianhu would continue to be the general manager, but he still failed to pass the Li Chunyuan pass.
In the end, Li Chunyuan rejected all the arguments and decided that Li Zhaohui would be the chairman of the board, and everyone in the Li family was shocked. And in order to let Li Zhaohui get started quickly, the Li Jia specially created a team for him: Wushu Li Tianhu served as general manager, sixth Uncle Li Tianjie served as executive deputy general manager, responsible for internal affairs; Xin Cunhai, who had worked with Li Haicang, served as executive deputy The chairman of the board is responsible for daily work; the remaining 10 "Tuogu" veterans hold important positions in various departments and assist the "Young Master" Li Zhaohui wholeheartedly.
So far, a Chinese-style inheritance-"the succession of the young master and the assistance of the old ministers" was born within the Haixin Iron and Steel Group.
's sudden "dragon robes add body", Li Zhaohui behaved a little "lack of confidence", he said at the time he felt that he did not have the ability to become the chairman of the board, "I don't think I have this ability, there are too many people suitable for this. Role. I was very weak at the time and didn’t want to suffer this pain and wanted to escape.” He even proposed a candidate he thought was more suitable than him-“My fifth uncle, sixth uncle, and Mr. Xin, although they are far from my father, But at least not at the same level as me." And Li Zhaohui told the magazine that the wealth left by Li Haicang was a "burden" for him.
has also reported in the media that Li Zhaohui even confided one of his thoughts at the time, "do it for two years. If it doesn't work, leave it to his uncles." But Li Zhaohui, who was pushed up, said when he took over, “The company belongs to my father, and I can’t let it lose.” Behind the bankruptcy of
, as a corporate strategy maker, strategy executor and supervisor, leader Whether to participate in the operation of the enterprise will directly affect the future survival and development of the enterprise. A Haixin employee said that Li Zhaohui spends 90% of his energy outside, and has not regarded steel as his main business in recent years.
To some extent, Li Zhaohui's indifferent and negligence towards Haixin directly led to Haixin's bankruptcy crisis. Li Zhao’s attitude towards Haixin can be seen from the “expensive wedding” circulating at the time.
According to reports, in 2010, Li Zhaohui's wedding arrangement was extremely luxurious to marry the movie star Che Xiao. There are rumors that at that time, every ordinary employee of Haixin received a red envelope of 500 yuan, and the number of employees of Haixin reached more than 9,000.The invited wedding company arranged the entire county town more lively than the Spring Festival, and the total cost of the wedding was 5 million yuan. However, this luxurious marriage came to an end in less than two years. It is rumored that Li Zhaohui eventually paid up to 300 million yuan in divorce fees.
"Not to mention the huge amount of capital investment, even when they get married, they are extravagant and hold extremely luxurious weddings, but it is difficult to see large-scale investment in their old business." The above-mentioned Haixin employee said.
Soon after the divorce, Li Zhaohui cashed out Shanxi Securities 40 million and was investigated for violation of regulations. In 2013, a rumor that “a steel mill in Shanxi halted production due to a break in the capital chain, and the bank would not allow it to lend”, which caused the three major varieties of iron ore, coal and coke futures to fall to the limit that day. The "a steel mill in Shanxi" in the rumor refers to Haixin Iron and Steel Group.
On March 19, 2014, the former “China Steel No. 1 Private Enterprise” Haixin Iron and Steel Group was forced to suspend production. From then on, Li Zhaohui, whose aura faded, began to frequently deal with the court and the gathered debt collectors.
The industry believes that it is inevitable that Haixin will fall here. The long-term family fighting and Li Zhaohui's "departure" are the reasons for Haixin now. According to our 2014 investigation report, “the middle-level leaders are controlled by the relatives of the Li family, and Li Zhaohui is not in Haixin all the time, so he has very little control over the company.” A Haixin employee revealed that Haixin’s biggest problem is "A group of dragons has no leader" and there is no system guarantee, so corruption is rife.
playing with ancestral business? After the loss of assets
, Li Zhaohui, like many rich second generations, lost interest in doing business. His interest is more in capital operation. He has established N investment companies in Shanghai, Beijing and other places, and he is also interested in the secondary market. More enthusiastic, so in and out, once became the tenth largest shareholder of Minsheng Bank.
, of course, was a sensational time for his wedding with actor Che Xiao. It is said that more than 200 luxury cars were used at that time, more than 600 tables were set up, and 500 yuan red envelopes were given to more than 9,000 employees. This was a good move. Of course, this marriage didn't last long, about two years later, he and Che Xiao broke up amicably.
may depend on good fortune and misfortune. At this time, he also started to go downhill. Many investments were questioned. He was also investigated and punished due to violations of Shanxi Securities' holdings, including the following investments which were not ideal. .
Once the richest man now Cheng Lai
This time the Shanghai court restricted him from leaving the country because he guaranteed his sister’s company and the debt was about 200 million yuan, which is equivalent to a backlash.
Of course, we don’t know whether Haibo Xinhui is really his sister or his sister is holding it for him. Because he owes more than 200 million yuan in debt, he is on the executive list. This process of Li Zhaohui is still very emotional.
was acquired by Hebei Jianlong in 2014 because of Haixin shares. This was related to the prospects of the steel industry at that time. On the other hand, it was also related to Li Zhaohui's unwillingness to inherit his father's business. This is not right or wrong. Many rich second generations are unwilling to follow the path of their parents to develop. They have their own ideas.
often walks by the river, it is inevitable not to wet your shoes, the capital goes in and out, there are times of gains and losses. This time Li Zhaohui was actually met by Waterloo. From the youngest and richest man in Shanxi to the edge of bankruptcy, he really fulfilled that sentence, three generations rich and three poor, no one can say which generation it is.
