Chinese Entrepreneurs, Biography, Wu Xiaohui, Anbang Insurance Group, Born in 1966

Wu Xiaohui (born 1966) is a Chinese entrepreneur and the former chairman of Anbang Insurance Group.

He is credited with turning a small, privately owned insurance company into a multinational conglomerate worth hundreds of billions of dollars.

In 2004, Wu founded Anbang Insurance Group and served as chairman for more than a decade.

During his tenure, he grew the company from a small, regional insurer to a global financial powerhouse.

Under Wu's leadership, Anbang expanded rapidly into banking, asset management, and real estate.

He was also known for making large investments in high-profile assets such as New York's Waldorf Astoria hotel and the Strategic Hotels & Resorts chain.

In 2018, Wu was sentenced to 18 years in prison for fraud and embezzlement following a lengthy investigation by Chinese authorities.

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