He made his fortune by picking up rags and became the richest man in Henan with a net worth of 1.4 billion. What happened next?

There is no distinction between noble and lowly occupations in the world. God has never treated people in different occupations differently. As long as they work hard in society with their own hands and minds, God will treat them equally. He gave the most fair treatment.

In this regard, successful entrepreneurs walking through high-end banquet halls and cleaners sweeping leaves on the streets are equally respected, because they both rely on their own hands to obtain the fruits of their labor.

What kind of life path you choose is inseparably related to your level of struggle. As long as you have the mentality of "the roc rises with the wind in one day, it can soar ninety thousand miles up" and be good at it. Seize the opportunity and you will succeed one day. Regarding this philosophy of success, Sun Shuhua is the most loyal practitioner.

Sun Shuhua was born in a poor family. To make a living, he once worked as a rag picker and made a fortune. His net worth was once as high as 1.4 billion. However, such a successful person ended up in jail. What has he experienced? And why didn’t it end well in the end?

1. The big boss who came out of the rags

Sun Shuhua is from Huainan County, Henan Province. His family is poor. His parents *** have seven children. Sun Shuhua ranks The third child. When he was twelve years old, his parents had to move the family to live in the countryside because the cost of living in the county was too high. As the elder brother, Sun Shuhua also prematurely assumed the responsibility of taking care of his younger siblings and earning money to support the family.

In order to make a living, Sun Shuhua learned to do a lot of work early at an age when he should have been playing carefree with his friends. Because he was not tall enough, he stepped on a small stool to fry fried dough sticks on the stove. In order to make more money, he also learned to make sesame cakes. After he got a little older, he also started a small business with his friends for a period of time.

But after all, his social experience was too little and he lacked the help of noble people. The business lost a lot of money. When he was nineteen years old, Sun Shuhua started a business of collecting rags. In the eyes of people at that time, collecting rags was dirty and tiring, and was a job for the least promising people. However, Sun Shuhua believed that it was not shameful to earn money through labor without stealing or robbing.

On the contrary, he has great enthusiasm for work every day, riding a half-used bicycle to collect rags from house to house in the village. Later, when the village's rag collection was enough, he expanded his business to several villages in surrounding towns. Over time, Sun Shuhua became the famous "rag king" in that area.

In the years when he was riding a bicycle to collect rags, Sun Shuhua discovered business opportunities. There are many businesses growing cotton in Huainan County, and in order to ensure the normal growth of cotton, plastic mulch is indispensable. Mulch films can be recycled, so Sun Shuhua decided to purchase these films in large quantities and resell them to big cities such as Shanghai and Jinan.

He also used the money he earned to buy cheap phosphate fertilizer in Yunnan and other places, transported the phosphate fertilizer back to his hometown, and sold it at normal prices. The price difference between the several times it changed hands made Sun Shuhua quickly become rich. .

By the end of the 1980s, Sun Shuhua had created a fortune of RMB 500,000 to 600,000. With a forward-looking vision, he was dissatisfied with making a living in such a wandering way, and decided to be his own boss.

2. With flowers blooming and fire cooking oil, Sun Shuhua’s net worth jumped to 1.4 billion

In 1992, Sun Shuhua borrowed money from relatives and friends plus the money he had accumulated over the years by collecting rags. Qian cooperated with the local government and opened a factory. Relying on the strong local market demand for films, the factory mainly produced plastic films.

Due to the targeted setting of the factory and Sun Shuhua’s tenacity and courage in doing things, he made a net profit of 2 million in the first year after the factory was established.

With this money, Sun Shuhua allowed his family to live in a good house, and his reputation in the village became higher and higher. Just as his career was improving, in 1993, Sun Shuhua encountered a car accident. He was in a coma for more than 200 days due to his injuries.

In more than two hundred days, the factory lost its backbone, and its efficiency became increasingly low. Workers also resigned and looked for other jobs, and the factory faced bankruptcy.

But fortunately, Sun Shuhua woke up and returned to his "battlefield" after recovering his health. After suffering from illness, his mentality gradually changed and his career began to grow.

In 1998, during the great flood that swept across the country, Sun Shuhua's factory mass-produced woven bags specifically for flood fighting and rescue operations, so he made a fortune and completed the expansion of two plastic film factories.

In 2001, Sun Shuhua established the Hualin Group with an output value of over 200 million and thousands of employees. The business scope of this group not only includes plastic films, but also covers many fields such as transportation, chemicals, and textiles. of production.

Since 2003, it has also participated in the construction of some provincial or national projects. As the group's business grew, Sun Shuhua's worth also began to rise. By 2004, his worth had reached 1.4 billion.

3. When the water is full, it overflows and the building collapses

As his net worth rose, Sun Shuhua began to pursue maximizing profits, but gradually changed his simple and down-to-earth original intention.

In order to expand his business scope, he began to enter many fields such as building materials, water and electricity, and catering. However, due to his impatience, he acquired a large number of companies that were already on the verge of bankruptcy without conducting a thorough investigation of the actual situation.

As a result, the capital chain within the group began to break. In order to have sufficient capital turnover, Hualin Group embarked on the road of bank loans. However, during the operation process, relevant qualifications were not verified. Without knowing the market conditions, Sun Shuhua's lithium battery project was forced to suspend, resulting in a loss of nearly 30 million yuan.

The sudden outbreak of SARS disrupted the original production plan and many projects came to a standstill, which made the already unprofitable Hualin Group even worse.

In order to save the financial crisis, when bank loans were desperate, Sun Shuhua began to use illegal processing and alteration of land use certificates to obtain bank loans, and also transferred the loan money to his personal in the account.

In 2006, Hualin Group announced the suspension of production across the board. The following year, the group withdrew from the public eye, and Sun Shuhua was imprisoned for his illegal activities.

4. Look up at the stars and keep your feet on the ground

First of all, from a small farmer collecting rags to an entrepreneur worth 1.4 billion, Sun Shuhua has been very determined and down-to-earth in every step he takes. He looks up to the stars, builds his own business empire, has beautiful ideals, and is willing to make corresponding efforts for this.

However, as his career grew bigger and bigger, he gradually lost his most precious down-to-earth nature, and gradually became blinded by materialistic desires, and even violated the red line of the law. This is the most unforgivable thing.

Secondly, when we do things, we must make comprehensive considerations and make corresponding predictions. The principle of making rash decisions without examining the actual situation like Sun Shuhua's is not advisable.

In short, you must have good expectations for the future, but you must also be down-to-earth and take every step toward the future, so that you can reap the most beautiful fruits.