On one side, his company lost 2 billion yuan in a year; on the other side, he became the first person to own a private jet, "Premier No. 1" in mainland China. The news reports about Cao Dewei have become the headlines of various news in recent times. "Just like no one expected him to afford a private jet before, it was also out of many people's expectation that Cao Dewei fell into crisis so quickly and deeply."
The weird history of getting rich is still a mystery.
In most people's eyes, Cao Dewei and his Daoyuan Group are still full of mystery.
Since the late 1998 when he entered the chemical fiber industry, Cao Dewei accumulated tens of billions of assets in just a few years, and bought private jets twice in 2005 and 2007. In 2006, Cao Dewei announced to donate 100 million yuan to establish Daoyuan Charity Foundation, and donated 10 million yuan to the Wenchuan disaster area under his personal name in 2008, becoming a top-notch philanthropist who broke several domestic records. However, Daoyuan Group, which claimed to have tens of billions of assets and was widely involved in many fields such as chemical fiber, real estate, and investment, not only never publicized itself, but also did not have a company website or brochure.