CEO Books European Vacation for 6,400 of His Employees

The Chinese billionaire spent millions booking 5,000 rooms in Cannes and Monaco.

— -- It helps to have a boss who's a billionaire.

Billionaire Li Jinyuan paid for the vacation for about half of his staff, which French media outlets estimated to have cost as much as $22.3 million, the Associated Press reported.

The trip commemorated the company's 20th anniversary. The tour group also reportedly marked a world record for spelling out a phrase with human bodies.

France's foreign affairs minister Laurent Fabius met Li on Wednesday in Paris. The group made a stop in Nice the next two days.

The conglomerate works in biotechnology, e-commerce, tourism and health management, the Tiens website states.

The visit preceded the annual Cannes Film Festival, which starts this week in the resort town.

The trip ended on Friday with a parade on France's Cote d'Azur. With the employees wearing matching blue or white t-shirts and hats, the tour group spelled out "Tiens' Dream is nice in the Cote d'Azur."