Chen Guangbiao

At 55 years old, Chen Guangbiao physical status not available right now. We will update Chen Guangbiao's height, weight, eye color, hair color, build, and measurements.

Chen's first fortune was attained after graduating from Nanjing University of Chinese Medicine in the 1990s, as he patented and sold his invention: a "low-radiation ear acupuncture point illness probing and curing apparatus". Chen received the patent in 1994 and claims that the device can detect diseases and determine the sex of a fetus; however, one of Cheng's assistants informed a journalist in 2011 that Cheng is the only person capable of operating the machine.

Chen then became involved with a building demolishment project in 2003 and, after discovering that he could resell the iron from the project, gained a considerable financial profit. His success with the 2003 project led to the establishment of Jiangsu Huangpu Renewable Resources Co. Ltd., Chen's privately owned recycling company that works with construction waste. Chen explained in 2009 that building material, such as red brick and building blocks, could be produced with the use of additives. In October 2009, the Beijing Review stated that the company employed 4,000 people, had expanded to seven other locations and generated annual sales worth 13.3 billion yuan (US$1.95 billion). In March 2011, the company's headquarters was in the city of Nanjing.

Chen's business card was highlighted in a January 2014 Quartz article, which labelled the card as "ridiculous". The article features an image of the card, on which a photograph of Chen is accompanied by a list of titles, including: "Most Influential Person of China", "China Moral Leader", "China Top Ten Most Honorable Volunteer" and "Most Charismatic Philanthropist of China."

Following his unsuccessful New York Times bid, Chen expressed interest in the San Francisco–Oakland Bay Bridge demolition project in January 2014, as two remaining contracts will be advertised in late 2014. The total value of the contracts for the demolition is US$240 million and Chen was informed that he could bid for a contract if his company is insured and becomes a licensed contractor in California, United States (US).

On 30 December 2013, Chen disclosed his plan to buy The New York Times at a ceremony in Shenzhen, China. His announcement caused a sharp rise in the stock of the Times Company, but also attracted widespread criticism and ridicule. A few days later, Chen travelled to New York City to pursue the deal, but The New York Times management declined his request for a meeting. Arthur Sulzberger Jr., publisher of The New York Times, stated in 2013 that the business is not for sale.

Chen explained to The Wall Street Journal that he sought to purchase a globally influential media company and that his Times bid was an attempt to attain a deeper understanding of the way in which Americans perceive the Chinese. Soon afterwards, he announced that he would consider purchasing The Wall Street Journal instead.

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