Chinese gold jewelry retailer Zhou Liu Fu Jewellery’s stock surged 67% over its first two trading days, turning its chairman Li Weizhu into a billionaire with a net worth of US$1.2 billion.

The new chairman of the Joint Chiefs of Staff has won over the president following last weekend’s Iran strikes.

Li Weizhu, the 47-year-old chairman of Zhou Liu Fu Jewellery, joins the billionaire ranks following his company’s $165 million IPO in Hong Kong.

Liu, who pleaded guilty to defrauding students, failed to appear at sentencing a few months after a previous hearing where ICE agents were present.

Even some of his supporters say Andrew M. Cuomo ran an aloof campaign for mayor that underestimated his chief rival, Zohran Mamdani.