He emerged as a rags-to-riches entrepreneur in the late 1980s , when young Chinese pursued business ideas and turned them into multi-million dollar ventures . Huang Guangyu , once China 's richest man , was sentenced him to 14 years . Huang was charged with stock - market manipulation , insider trading and fraud . He headed [UNK] , a leading retail chain , and was once worth $ 6.3 billion .
Huang Guangyu , once China 's richest man , was sentenced him to 14 years . Huang was charged with stock - market manipulation , insider trading and fraud . He headed [UNK] , a leading retail chain , and was once worth $ 6.3 billion .