Reported 9 months ago
Foxconn's stock price surged to 200 yuan today, reaching a market value of 2.77 trillion yuan, meeting founder Terry Gou's previously set 'retirement target price.' Gou's net worth has also increased to 348.4 billion yuan, with a rise of over a trillion yuan this year. Despite previously vowing not to retire unless the stock price hit 200 yuan, Gou stepped down as chairman in June 2019, handing over to semiconductor expert Liu Yangwei. The recent spike in Foxconn's stock price sees Gou's 'retirement target price' officially achieved, with Liu's net worth also rising to 130 million yuan this year.
Source: YAHOO