"Business empires in decline often start to crack when mansions change hands. Many experts believe that the emergence and disappearance of luxury homes often heralds the rise and fall of businesses. Wang Guoan, the founder of Hanhou, was once worth hundreds of millions of dollars and enjoyed 3 sets of top mansions. However, in the past few years alone, his fortune has plummeted, and now he only has one parking space left. Wang Guoan's personal experience reflects the profound changes in the entire domestic beauty industry.
1. 3 sets of luxury houses have shrunk to 1 parking space: Wang Guoan's road to wealth
Wang Guoan is the founder of Hanhou, a well-known domestic cosmetics brand in China. In the heyday of the Han Dynasty, Wang Guoan once owned 3 luxury houses, with a unit price of more than 60 million.