Core Insights - The article discusses the life and achievements of Wu Qingliang, the founder of Wu Denan Holdings Group and a prominent figure in the paint industry, who passed away at the age of 98 [1][2]. Group 1: Business Achievements - Wu Qingliang founded the Nippon Paint brand, which has become a household name in China, and his company is now the fourth largest paint manufacturer globally and the largest in the Asia-Pacific region [2][14]. - Wu Qingliang's personal wealth was estimated at $13 billion, ranking him as the wealthiest individual in Singapore and 182nd on the Forbes global billionaire list [3]. - Wu Qingliang's company, Wu Denan Holdings, acquired nearly 60% of Nippon Paint Holdings, marking a significant milestone in his business career [15]. Group 2: Early Life and Career - Born in 1927 in Singapore to a poor family, Wu Qingliang faced numerous challenges, including dropping out of school due to World War II and working various jobs before starting his own business [5][6]. - He began his entrepreneurial journey by selling recycled paint, which led to the establishment of his first paint store in Singapore in 1955 [6][7]. Group 3: Investment in China - Wu Qingliang was one of the first overseas Chinese investors in mainland China, starting discussions for partnerships as early as 1978, and officially entering the market in 1992 with the Nippon brand [12][13]. - As of now, Nippon has invested in over 74 production bases in mainland China, employing more than 11,000 people, and is recognized as the leading paint brand in the country with sales revenue projected to reach 25.84 billion yuan in 2024 [14]. Group 4: Management Philosophy - Wu Qingliang believed in the principle of giving before receiving, often helping others without expecting immediate returns, which he viewed as a long-term investment in relationships [16][17]. - He emphasized the importance of employee loyalty and well-being, refusing to lay off staff unless absolutely necessary, and fostering a culture of care within his companies [19][20]. Group 5: Philanthropy and Personal Life - Wu Qingliang was dedicated to philanthropy, particularly in medical research and education, contributing over 100 million yuan to various causes, including infrastructure in his hometown [22]. - He enjoyed a rich personal life, engaging in hobbies such as boating and travel, and valued spending time with family [21].