A recent media report has shined a spotlight on the fortune of former EXO-M member Tao's father, who reportedly has a net worth reaching into the billions of dollars.
According to Korean news outlet Suho, Tao (Huang Zitao) is set to inherit 20 trillion CNY ($3 billion USD) from his father, the equivalent of over $3 billion USD.
In an interview with Chinese media outlet Sina on Feb. 1, Tao responded to the interviewer's comment about receiving a 20 trillion CNY inheritance from his father.
"When I was young, my father told me that fate helps those who help themselves. At that time I didn't know what it meant, but now I understand," he clarified. "There are no shortcuts to success. Only hard work."
According to an article written by Tao's father in Chinese magazine Renwu, he owns four to five mansions in the city of Qingdao alone. In addition, his Bejing company has capital holdings of over $3 billion USD.
The full extent of Tao's father's fortune is still unknown. However, he was ranked as the seventh richest man in Qingdao in 1997.
But the story doesn't stop there. Tao's father stated that his company went under in 2002, and he was left with only 40,000 yuan ($6,000 USD) to his name. After, he worked his way back up from the bottom to get where he is today.
