Truong Vinh Hoa - Female billionaire known as "Tay Thi tofu", helping her husband make a billion-dollar property

From a young lady to becoming the wife of a tofu seller, this businesswoman has never given up in the face of difficulty or failure, always keeping her faith in her husband. That is the story of female billionaire Truong Vinh Hoa.

In 2014, the richest man in Tianjin province (China) Truong Tuong Thanh suddenly died of a heart attack. He left behind the billion-dollar Rongcheng Xiangtai Group, with more than 8,000 employees, bewildered.

When the public was busy discussing the fate of this business, a 45-year-old woman stood up to shoulder it all. She is Truong Vinh Hoa - wife of billionaire Truong Tuong Thanh.

7 years have passed, Truong Vinh Hoa has not disappointed her husband. The business that the two built together has become the number 1 enterprise in Tianjin province. However, few people know that before being dubbed the "iron queen" of China, this woman made a career from selling tofu.

Lady Thien Kim married him a piece of junk

At the age of 19, Truong Vinh Hoa was matched by his father with an unsightly man with a scar on his eyebrow.

The father immediately explained: looking at people can't just stop at looks. The other scar was caused by a small slag splash; At that time, he didn't even make a sound. Hearing that, she immediately had feelings for this person. That man is Truong Tuong Thanh.

Truong Tuong Thanh lost his parents after an earthquake, and his family was poor. To e.arn m.oney, he and his brother had to go pick up scraps and sell ice cream to make ends meet. In high school, this man couldn't afford to pay the tuition fee. So he decided to drop out of school and work as a hired hand.

Meanwhile, Truong Vinh Hoa's childhood is somewhat more peaceful. Her father was a production captain, so the family was very well off, able to buy a sewing machine, a refrigerator, and a bicycle.

At the age of 16, Truong Tuong Thanh became the youngest worker in the steel factory. Thanks to enduring hardship and constantly striving, he was loved by Truong Vinh Hoa's father and wanted to be his son-in-law.

Two years later, the steel mill closed. Not wanting to suffer unemployment, Truong Tuong Thanh immediately looked for another way out. He went to Shijiazhuang to learn how to make tofu, then returned to his hometown of Tangshan to start a business.

Not long after, Truong Vinh Hoa and Truong Tuong Thanh got married. Before selling the price, many people dissuaded her, saying that marrying such a poor person needed to think carefully.

"I'm not afraid he's poor. I'll help him have a better life!", she said firmly.

After the wedding, the couple were empty-handed, the house only had a single wall. Truong Vinh Hoa did not complain, suffered and worked hard to stay up late and get up early with her husband to sell tofu.

You are poor, I will build a career with you

Every day, the couple wakes up at 3-4 am, selling tofu in a small alley in Tangshan. At first, Truong Tuong Thanh also thought that his wife was Thien Kim Miss, not willing to let her work.

However, Truong Vinh Hoa, who is very strong, is not afraid of difficulties. To increase her income, she took up sewing jobs in her spare time. The work was so busy that the two did not have time to take care of their children, had to hold back their tears to put their daughter in the washing machine.

After 3 years of hardship, they became one of the first "thousands of gold" (family with over 10,000 yuan) in Tangshan. In the 1980s, such families were fewer than millionaires today.

Once, Truong Tuong Thanh asked: "If I still sell tofu, will you still follow me?". Truong Vinh Hoa smiled and replied: "You originally sold tofu, if I don't follow you, who will follow?".

Selling tofu is too hard and difficult to develop. Therefore, Truong Tuong Thanh decided to switch to scrap metal. Truong Vinh Hoa did not think about it, fully supported her husband. She withdrew 10,000 yuan from her family's savings, borrowed another 8,000 yuan to help her husband trade scraps in Beijing, while she stayed in her hometown to continue selling tofu.

Iron and steel industry is not simple, but Truong Tuong Thanh only knows how to import goods, not know how to view goods. Most of the collected scraps cannot be sold; The initial 18,000 yuan was lost.

At that time, Truong Vinh Hoa was still silently cheering and comforting her husband. Truong Tuong Thanh learned more about material assessment and decided to start a business again. In 1993, the couple made 3 million yuan (equivalent to $45 million today), 300 times what they made from selling tofu.

While doing well, the iron and steel industry was in crisis again, causing many factories to close, leaving no place to sell. Losing 10,000 yuan is normal, but losing 3 million yuan is a family bankruptcy.

However, Truong Vinh Hoa still diligently encouraged her husband to move forward. This time, they changed their tactic: If others don't buy scrap, we recycle the iron ourselves.

"Just do it, or at best go back to selling tofu," she said firmly. Fortunately, they finally succeeded, smoothly building a metallurgical plant. Start a business with empty hands, have m.oney and then lose it, then own a factory. How bitter and sweet in the world, Truong Vinh Hoa has tasted it all. She was always a solid rear, a way back for her husband.

Perhaps, this woman also did not expect to become a billionaire in the future.

You are rich, I help you manage

Truong Vinh Hoa continued to b.et on her husband and won again.

After 2 years of establishment, the steel factory has made a profit of hundreds of thousands of yuan. Every factory closed, the couple came to buy it back. By 2000, they had dozens of large and small steel mills, with more than 2,000 employees.

Truong Tuong Thanh said: "I know how to fight, despite everything. However, managing the rear must rely on her."

After purchasing a series of factories, the two realized: Without professional knowledge in the field of management, it would be very difficult to operate this property. To help her husband, Zhang Ronghua went to Beijing to study an MBA in 2003. After completing the program, she reviewed the type of factories, standardized and perfected the management.

That year, Rongcheng Xiangtai Iron and Steel Corporation was founded, inspired by the couple's name. Right in the first year, the group's revenue surpassed the billion USD mark, gradually compensating the capital to buy the original factories.

"I don't have patience. The person who protects this corporation is my wife. The person who protects me is also her," Truong Tuong Thanh once said.

If Truong Tuong Thanh is the founder, then Truong Vinh Hoa is both a co-founder, a CEO, an owner, and a professional manager. The b.ig and small things in the corporation are managed by one hand.

Truong Vinh Hoa is also very good at pampering her husband. Knowing Truong Tuong Thanh liked basketball, she often accompanied him to watch games. In 2006, they spent 20 million yuan (about 3 million USD) to establish the Tianjin Ronggang Men's Basketball Club.

High class is not about crossing the ocean with your husband to watch the ball, but it is about setting up a football team for your husband yourself.

In 2008, at a fundraising party to support the victims of the Sichuan earthquake, the couple donated up to 100 million yuan (about 15 million USD). While the first 500 businesses only donated 10 million yuan, the fact that an anonymous boss donated such a large amount of m.oney moved the audience.

From life to career, Truong Vinh Hoa accompanies her husband. In 2010, they became the richest billionaire in Tianjin. When he got married, Truong Vinh Hoa said he wanted to marry this poor man to make his life better. After 22 years, she delivered on her promise.

God gave her a poor man, and she turned him into a rich man.

You go, I will fulfill your will

In 2014, Truong Tuong Thanh passed away after a sudden heart attack. In one day, Truong Vinh Hoa's sky collapsed. Married for 26 years, the couple do b.ig and small things together. Now, her billion-dollar fortune and more than 8,000 employees are all solely responsible for her.

After 30 days of her husband's d.eath, she wrote: "You in the upper world, I will become your hope. The dream you sow, I will do it for you". However, this is not an easy task.

In 2015, the iron and steel market went downhill, the business faced a l.ot of pressure. She has to take care of the corporation's finances, and has to ensure the salaries of employees, but cannot get a bank loan.

Others advised Truong Vinh Hoa to reduce workers' wages, then pay them back later. However, she refused to listen. She could not because of the temporary difficult situation that she broke down the property her husband had worked so hard to build a lifetime.

The couple considers the corporation as family, and cannot let employees - their loved ones - feel unsafe.

However, understanding the corporation's difficulties, the employees voluntarily save. They save from printing paper to materials, helping the hostess save m.oney. While his colleagues all went bankrupt or lost, Truong Vinh Hoa and his employees made 180 million yuan (about 27 million USD), bringing the group up.

During his lifetime, Truong Tuong Thanh always sought to contribute to society. After her husband's d.eath, Truong Vinh Hoa continued his mission. She used the m.oney earned to build a free heating system for people, donating to Wuhan to fight the Covid-19 epidemic.

This businesswoman also followed her husband's reclusive life, almost absent from the mass media. So far, her family has donated about 650 million yuan (more than 98 million USD), but few people know.

Withdrawing after having achieved great success

In 2019, Truong Vinh Hoa became the richest woman in Tianjin, owning a fortune of 10.5 billion yuan (more than 1.5 billion USD). She not only maintained her husband's business, but also expanded and developed it, bringing the revenue to 70 billion yuan (more than 10 billion USD).

In 2020, she was awarded the "Best Chinese Businesswoman" award.

At the age of 50, Truong Vinh Hoa was looking for his successor. She handed over the company to her daughter Truong Tich Quan, and let her son manage her husband's favorite basketball team. Now, she feels relieved to have fulfilled her partner's wish.

Since getting married at the age of 19, Truong Vinh Hoa has ceased to be a golden lady. Early in the morning making tofu and cooking, in the afternoon checking scraps and wandering around with her husband, every day with her was extremely hard. However, when speaking or being interviewed, Truong Vinh Hoa does not like to talk much about the hardships he has gone through.

Possessing a kind face, elegant dress style, and more business talent, no wonder this "iron queen" is praised as "Tay Thi tofu". It is true that no matter how harsh the circumstances, it is impossible to hide a person's peak aura.

Ten years have passed, Truong Vinh Hoa still retains the house to live with her husband when he was young. She thought: "Only by not forgetting the old man, can we not forget the original intention". Truong Tuong Thanh once said that marrying her was the luckiest thing in the world.

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