A tycoon in prison still makes billions, installing air conditioners in all prison cells

Zhou Chinh Nghia was once considered the richest man in Shanghai (China). Coming from nothing but with rare business ability, he made a lot of money even though he was in prison.

Born into an ordinary family in Shanghai, witnessing his parents struggling to make money to raise five children, Chu Chinh Nghia soon dropped out of school to work. His father had to scramble to get him a job in a factory.

In his parents’ thoughts, it was enough for their son to live a peaceful life. However, he did not want to be poor all his life, so he was determined to get rich at any cost.

Chu Chinh Nghia understands that without capital, nothing can be done. When he worked in the factory, he volunteered to do every job. After a few years of trying, he also saved some money.

He opened a wonton shop like his mother, the business prospered, and many customers came to eat. Business went well and he began to move into many other fields.

Chu Chinh Nghia’s success would not have been possible without the efforts of his wife – Mrs. Mao Ngoc Binh. She developed her career in Hong Kong, so she has a very wide network. With his wife’s help, his business expanded, and he even founded his own company.

In just a short time, from a person who grew up in a poor neighborhood, Chu Chinh Nghia had assets of more than 100 million USD, becoming the richest person in Shanghai at that time.

With strong ambition, Chu Chinh Nghia started investing in stocks and real estate. As of 2000, he owned 4 companies and invested in multiple industries. In 2002, he was ranked 11th among the richest people in China by Forbes, with a net worth of up to 320 million USD.

Desiring to become extremely rich, Chu Chinh Nghia was accused of manipulating the stock market and falsifying charter capital. He was sentenced to 3 years in prison.

Even though he is in prison, he still enjoys his luxurious life. Because he could not stand the summer heat, he bribed and spent a huge amount of money to install air conditioning in all the cells.

He also uses computers to manage the company and hold board meetings. During his days in prison, he kept up to date with the situation outside, knowing it clearly in the palm of his hand.

In 2007, Chu Chinh Nghia was once again arrested for bribery and fake value-added tax and sentenced to 16 years in prison. In the midst of misfortune, there was luck. Thanks to being in prison for a long time, he avoided the financial crisis in 2008. His assets were frozen so they remained intact.

Before going to prison, Chu Chinh Nghia invested most of his money in real estate. After a long time, this investment brought him huge profits.

Of the two villas in Hong Kong he bought for 150 million yuan previously, one was later sold for 1.5 billion yuan (more than 5 trillion VND) in 2015. With only 2 villas, Even though he was in prison, he still earned 3 billion yuan (more than 10 trillion VND). He still did not spend this amount of money in his entire life.

Although Chu Chinh Nghia broke the law and was imprisoned, his business vision cannot be denied.

After 16 years in prison, Chu Chinh Nghia returned. At a party, he affirmed that he no longer cared about money and no longer wanted to flaunt his wealth.

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