Fortune: $2.61 billion
Company: Fosun Group
Guo Guangchang, a member of the NPC since 2003, is co-founder and chairman of China's largest private conglomerate, the Fosun Group.
Guo and three fellow university graduates founded the Shanghai-based pharmaceutical company in 1992 with only $4,000. The business has gone on to have operations in property development, steel, mining, finance and retail to name a few.
Known as the "Chinese Hutchison" after the sprawling Hutchison Whampoa conglomerate controlled by Hong Kong billionaire Li Ka-shing, Fosun works like a private equity fund, buying assets on the cheap and selling them via public listings. To date it has invested in more than 100 companies. Foshan International, listed in Hong Kong since 2007, is the holding company of the Fosun Group.
In 2010, Fosun bought a 7 percent stake in resort operator Club Med - the first time a listed Chinese company bought a direct stake in a listed French firm. Last year, the Fosun Group also marked another first when it won approval along with the U.S. financial group Prudential to set up a joint life insurance venture in China, which will be the only one of its kind in the country between a nonstate owned company and a foreign firm.
Guo, who has been an admirer of U.S. investment tycoon Warren Buffet, is often referred to as "China's Buffet." During this year's March NPC meeting, he made headlines advocating issues like legalizing private lending and banning the consumption of shark fin soup at government events.