Age, Biography and Wiki
Zhang Shuhong was born on 1957, is an A 20th-century Chinese businesspeople. Discover Zhang Shuhong's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 50 years old?
Popular As |
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Age |
50 years old |
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Born |
1957 |
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Date of death |
11 August, 2007 |
Died Place |
Foshan, China |
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We recommend you to check the complete list of Famous People born on .
He is a member of famous with the age 50 years old group.
Zhang Shuhong Height, Weight & Measurements
At 50 years old, Zhang Shuhong height not available right now. We will update Zhang Shuhong's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Zhang Shuhong Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Zhang Shuhong worth at the age of 50 years old? Zhang Shuhong’s income source is mostly from being a successful . He is from . We have estimated Zhang Shuhong's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
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Not Available |
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Zhang Shuhong Social Network
Timeline
He eventually moved to Guangdong province, just across the border from Hong Kong, to work in the toy factories which grew up in the area in the 1980s and 1990s.
Zhang Shuhong worked at the Lee Der Industrial company for over ten years before taking over as head of the company's day-to-day operations.
The Lee Der company, which is based in Foshan, China, and is also known as Lida, was a major supplier of toys and other products for Western companies, including Mattel and its subsidiary, Fisher-Price.
Zhang was described by employees and co-workers as an entrepreneur.
Lee Der Industrial was losing money and suffering financial losses at the time that Zhang took over operations.
Zhang was credited with stopping the money loss.
He invested much of Lee Der's earnings back into the company, investing in new buildings, capital and equipment.
According to Lee Der employees, Zhang was planning to move one of his three factories to a new US$5 million plant that had recently been completed.
Zhang was reportedly devoted to the Lee Der Industrial company.
He resided on the factory grounds in a 25-square-meter room for the 10 years before his death to be close to his
Zhang also owned two subsidiaries, which were named Hengjing
Zhang Shuhong (, 1957 – 11 August 2007) was a Chinese businessman and factory owner.
Zhang committed suicide after toys made at his factory for Fisher-Price (a division of Mattel) were found to contain lead paint.
Zhang Shuhong grew up in Hong Kong.
He first worked as an errand boy for a Hong Kong factory.
On 2 August 2007, the Mattel Corporation recalled hundreds of thousands of toys which were made in China under the Fisher-Price label.
These recalled Fisher-Price toys included figurines of Big Bird, Elmo and Dora the Explorer and related characters, which were manufactured by Lee Der Industrial.
Some of these toys were found to have been coated in paint containing excessive levels of lead.
Lead exposure, particularly from lead paint, has been found to cause vomiting, nausea, diarrhoea, and even death in children.
A million toys were recalled from American stores such as Toys R Us and Walmart.
The Mattel Company sent investigators to China.
Mattel identified Lee Der Industrial company as the main supplier of the lead paint tainted toys.
China immediately suspended the company's export license which had a devastating effect on the company's business.
According to press reports, Lee Der Industrial stood to lose as much as $30 million due to the Fisher-Price toy recall scandal.
Mattel tracked down three paint suppliers who worked for the Lee Der company – Dongxin, Zhongxin and Mingdai.
Each of these three companies had supplied paint to factories which were contracted to make Mattel products, including Fisher-Price.
Mattel believes that specifically, the Mingdai company sold yellow paint pigment containing lead to Dongxin and Zhongxin, which produced the paint.
The paint was then used by Lee Der, operated by Zhang Shuhong, to produce Mattel's line of Fisher-Price products.
It is believed that a personal friend of Zhang's ran the company who supplied the lead paint, which ultimately led to the Mattel recall and the financial ruin of Lee Der Industrial.
It has been speculated that Zhang Shuhong felt demoralised by the scandal
and possibly betrayed by a close friend.
Whether or not Zhang knew of the lead paint before the recall is unknown.
Zhang spent the morning of 11 August 2007, talking to some of Lee Der Industrial's 5,000 employees encouraging them to look for other jobs.
He also told his managers to sell the factory's equipment.
Zhang then apparently hanged himself on the third floor of one of his factories later that day.
According to The New York Times, Zhang was 52 at the time of his death.
A funeral was held for Zhang Shuhong on 17 August in the factory yard of the Lee Der company.