He is considered to be the Chairman of Hongda Group which is currently based in Sichuan Province. The group holds interests in finance, minerals and property. Now, the group hires more than 18,000 employees. His son, Liu Jun, currently serves as the president of Hongda Group. Li Canglong earned his Master’s of Business Administration degree fromArizona State University. Forbes reports that he’s married and has three children. It was in 1979 when Forbes established aphosphate fertilizer plant. In 1992, the business was renamed to “Sichuan Province HTC Joint Chemical Factory”. In June 1999, Forbes was named as the Chairman of the organization.