Wang Chuanfu Net Worth is1,220 $Million
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Birth Date: 1966/4/8
Birth Place: China People's Republic of China
Residence: People's Republic of China
Nationality: Chinese people
Networth: United States dollar5.8 1,000,000,000 (number) (2009)
Wang Chuanfu (Chinese: c??a 1/4 c??) is a Chinese chemist and businessman. Founder of BYD Company, he is the wealthiest man in China as of late 2009.
Wang was born in China 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. After high school he studied chemistry at the Central South Industrial University of Technology, and went on to earn a master's degree in 1990 from the Beijing Non-Ferrous Research Institute. He spent several years as a government researcher, but in 1995 he entered the private sector and founded his own company, BYD Company, outside of Shenzhen. Founded with his cousin Lu Xiangyang when he was just 29 years old, BYD Company is currently the world's biggest mobile phone batteries manufacturer. In early 2009, he was reportedly worth US$1.3 billion, placing him #559 on Forbes magazine's list of billionaires. In late 2009, his worth grew to $5.1 billion and was crowned China's richest man on the Hurun Rich List. This was due largely to a fivefold increase in his company's value after Warren Buffett bought 225 million new shares of BYD in 2008.

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Wang Chuanfu Latest News

China's BYD to build car factory in Morocco

The agreement was inked in Casablanca by BYD Chairman Wang Chuanfu, Morocco's Minister for Industry and Investment Moulay Hafid El Alamy, and Financial Minister Mohamed Boussaid. The factory will be built in the new Mohamed VI Tangier Tech City ...
Posted: December 10, 2017, 1:45 am

Who is the Chinese manufacturer BYD who is about to settle in Morocco?

However, when Wang Chuanfu created BYD in 1995, the company’s purpose was solely to try to compete with foreigners in the making of rechargeable batteries for mobile phones, with the government’s consent. Now BYD is the first Chinese and the world ...
Posted: December 9, 2017, 8:25 am

How Warren Buffett's Chinese Tesla Plans to Grow Sales 10 Times Over By 2025

BYD chairman Wang Chuanfu has drawn up an ambitious plan for the Chinese carmaker, envisioning the creation of a new-energy corporate giant with sales of a trillion yuan (US$151 billion) by 2025, nearly 10 times its revenue last year. "We want different ...
Posted: November 21, 2017, 3:22 am
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