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SEVENTY-FOUR-YEAR-OLD Lu Dianqing, a Chinese fertilizer
expert, went immediately from retirement several years ago to
employment by a private enterprise, using his expertise to
become a millionaire.
Retired from the Northwest China Agricultural and
Forestry Science and Technology University, Lu now owns
100,000 technical shares at his new firm and earns more than
30,000 yuan (US$3,614) in annual wages.
Many Chinese scientists before Lu have become rich with
their knowledge.
Yuan Longping, “father of the world’s hybrid rice,” is
one of them. The Yuan Longping Agricultural High-tech Co.,
Ltd., named after him, was listed on the Shenzhen Stock
Exchange in 2000. Yuan owns 5 percent of the company’s total
shares.
As China’s first listed company named after a scientist,
the company issued 105 million shares, with each share valued
at 12.98 yuan, closing at 40.37 yuan at the end of the first
trading day. This means Yuan, who got 2.5 million founder’s
shares, earned 100 million yuan in a single day.
Following in Yuan’s footsteps, many widely known Chinese
scientists such as the president of Legend Group Corp., Liu
Chuanzhi, the chairman of Tsinghua Tongfang Co. Ltd., Sun
Jiaguang and the inventor of the Chinese typesetting system
Wang Xuan became wealthy through their knowledge. At the same
time, they have also made great efforts to promote more
scientist millionaires in China.
Liu Chuanzhi vowed to create 100 millionaires. Sun
Jiaguang, who is also an academician with the Chinese Academy
of Engineering, pledged to make 100 multimillionaires and
1,000 millionaires within three to five years.
Among the top 100 wealthy men in China listed by Forbes
magazine last year, 10 are scientists and technicians who
successfully operate their own businesses.
In the 1980s, many people became well-off through running
businesses. But scientists and technicians were rarely seen
among this group.
The situation has changed fundamentally, especially since
the late 1990s.
(Xinhua)
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