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.

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CrossRef Cited By Search Results

This article [doi:10.1038/35006081] has been cited in the following papers, taken from those publishers and societies that are participating in CrossRef's Cited-by Linking service. The number of citations from this service is usually lower than citation ...
Posted: May 31, 2008, 5:00 pm

Earth-moving magnate tops yet another China rich list

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. But Flannery said growing numbers of China's newly rich asked to be kept ...
Posted: September 7, 2011, 7:16 pm

Grave Price Hikes

2012-04-04 16:52:24 Web Editor: Mao claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any ...
Posted: April 4, 2012, 1:25 am
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