3. Chu Lam Yiu – Hong Kong
Net worth: $2.8 billion – As of March 2012
Source: Flavorings, self-made
Age: 41 Marital Status: Married
Chu has steered Huabao International, China’s largest tobacco flavoring company (with more than half the market), through a series of changes. Hong Kong tycoon chairs Huabao International,also makes fragrances and food flavorings for use in detergents, beverages, dairy products and cosmetics. Founded the company a decade ago and took it public through a reverse takeover. Sold chunk of shares in 2008 and again in October 2009; still owns big stake.
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