Mao Zhongwu Net Worth is$700 Million
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Mao Zhongwu Net Worth: Mao Zhongwu is a Chinese businessman who has a net worth of $700 million. One of the four executives of equipment manufacturer Sany Group, Mao Zhongwu entered the billionaire circles in 2013. But since, he has witnessed a slight decline in his wealth following a dip in the stock prices of flagship Sany Heavy Industry and coal equipment maker Sany Heavy Equipment International. In October, Mao left his position as the company's chairman, but remained a member of the board. In an attempt to speed its overseas expansion, Sany moved its headquarters to Beijing in December while still keeping most of the operations in its original home in Changsha. Still, in September, the group suffered a setback after the U.S. rejected a Sany-backed application to build a wind farm next to a U.S. military base in Oregon. The above contrasts with Sany's successful union with China's CITIC Private Equity Advisors to purchase Putzmeister of Germany, one of the largest concrete pump manufacturers worldwide, in a contract worth $475 million earlier last year.

Mao Zhongwu Latest News

Some fearful China billionaires steer clear of rich

Along with Liang, three other entrepreneurs associated with Sany are on the rich list: Tang Xiuguo, Mao Zhongwu of Xiang Wenbo. Liang, Mao and Tang were all founders of the company. Other members of the Forbes top-ten included Liu Yonghao, an agribusiness ...
Posted: September 7, 2011, 10:30 pm

A New No. 1 on the Forbes China Rich List

Besides Liang, the three to make the billionaire ranks were Tang Xiuguo with wealth of $1.43 billion, Mao Zhongwu at $1.29 billion and Xiang ... Li ranked as the no.1 among billionaires from China on our 2011 Forbes Billionaires List published in March ...
Posted: September 6, 2011, 5:00 pm

China's Sany Heavy Equipment CEO, chairman resign

Mao Zhongwu has also resigned as chairman of the board, the strategic investment committee and nomination committee. The company said this was to spend more time attending to the company's off-highway mining truck business. Zhao Xiangzhang, a director of ...
Posted: October 12, 2012, 5:34 am
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