In this Chinese name, the family name is Wang.

Wang Chuanfu (Chinese: 王传福; born 8 April 1966) is a Chinese chemist, billionaire entrepreneur, and the founder, chairman and CEO of the BYD Company.

Early life

Wang was born in Wuwei County, Anhui province to a family of poor farmers. While in high school he was cared for by his elder brother and sister because both of his parents had died.[1]

After high school, he studied metallurgical physical chemistry at the then Central South Industrial University (nowadays the Central South University) and graduated in 1987.[2] He went on to earn a master's degree in 1990 from the Beijing Non-Ferrous Metal General Research Institute (now GRINM Group).[3]

Career

He spent several years as a government-sponsored researcher, but in 1995 he entered the private sector and founded his own company, BYD Company, outside of Shenzhen.[3] Founded with his cousin Lu Xiangyang when he was 29 years old, BYD Company is currently the world's largest mobile phone batteries manufacturer.[4] In early 2009, he was reportedly worth US$3.4 billion, placing him 408th on Hurun Report's Global Rich List 2014.[5] In late 2009, his net worth grew to $5.1 billion and was crowned China's richest man on the Hurun Report. This was due largely to a five-fold increase in his company's value after Berkshire Hathaway bought 225 million new shares of BYD in 2008.[6]

In November 2021, Forbes reported that Wang's wealth had increased to $23.5 billion, making him the 14th richest person in China, this was due to a two-fold increase in BYD's share price over the previous year.[7]

Politics

Wang is a member of the Chinese Communist Party.[8][9]

In February 2025, Wang was among tech sector leaders to meet with Xi Jinping at the Great Hall of the People.[10] Along with Ren Zhengfei, Wang sat directly in front of Xi, in seats honoring their respective company's contributions as national champions.[10]

Personal life

Wang is married and lives in Shenzhen.[11]

References

  1. ^ Gunther, Marc (13 April 2009). "Warren Buffett takes charge". Fortune After. Archived from the original on 14 April 2009. Retrieved 13 April 2009.
  2. ^ "中国首富王传福长沙4年笑与泪 毕业于中南大学-中南大学新闻网门户网站". 中南大学新闻网门户网站 (in Chinese). Retrieved 6 May 2024.
  3. ^ a b "The Stars of Asia: Wang Chuanfu". BusinessWeek. 9 June 2003. Archived from the original on 19 June 2003. Retrieved 13 April 2009.
  4. ^ "Wang Chuanfu: Building electric dreams in China". CNN. 29 September 2009. Archived from the original on 28 August 2009. Retrieved 29 September 2009.
  5. ^ "Wang Chuanfu". Hurun. Archived from the original on 14 May 2017. Retrieved 13 April 2009.
  6. ^ "BYD's Wang Chuanfu Tops China Rich List After Buffett Backing". Bloomberg. 29 September 2009. Retrieved 29 September 2009.
  7. ^ Flannery, Russell. "Stock, Sales Surge Lifts Wealth Of China EV Maker BYD's CEO". Forbes. Archived from the original on 7 November 2021. Retrieved 8 November 2021.
  8. ^ He, Laura (17 July 2020). "A US travel ban would bar China's top billionaire entrepreneurs from America". CNN. Archived from the original on 17 June 2021. Retrieved 25 January 2024.
  9. ^ Brendan, Scott (7 March 2017). "The Pomp and Politics of China's Annual Congress". Bloomberg News. Archived from the original on 11 November 2020. Retrieved 25 January 2024.
  10. ^ a b "China's Xi Holds Rare Meet with Business Leaders amid US Tech Rivalry". Reuters. 17 February 2025.
  11. ^ "Forbes profile: Wang Chuanfu". Forbes. Archived from the original on 27 October 2022. Retrieved 26 January 2021.
Allikas: https://en.wikipedia.org/wiki/Wang_Chuanfu
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