Wang Chuanfu

Wang Chuanfu (Chinese: 王传福; born 1966) is a Chinese chemist, billionaire businessman, and founder of BYD Company.

In this Chinese name, the family name is Wang.
Wang Chuanfu
Born (1966-04-08) April 8, 1966
Wuwei County, Anhui, China
NationalityChinese
EducationCentral South University
Beijing Non-Ferrous Research Institute
Occupationchemist, businessman
Known forfounder of BYD Company
Net worthUS$21 billion (2021)[1]
Spouse(s)married

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.[2] After high school he studied chemistry at the Central South University, and went on to earn a master's degree in 1990 from the Beijing Non-Ferrous Research Institute.[3]

Career

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.[3] 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.[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 worth grew to $5.1 billion and was crowned China's richest man on the Hurun Report. This was due largely to a fivefold increase in his company's value after Berkshire Hathaway bought 225 million new shares of BYD in 2008.[6]

Personal life

He is married and lives in Shenzhen.[1]

References
  1. "Forbes profile: Wang Chuanfu". Forbes. Retrieved 26 January 2021.
  2. Gunther, Marc (2009-04-13). "Warren Buffett takes charge". Fortune After. Retrieved 2009-04-13.
  3. "The Stars of Asia: Wang Chuanfu". BusinessWeek. 2003-06-09. Retrieved 2009-04-13.
  4. "Wang Chuanfu: Building electric dreams in China". CNN. 2009-09-29. Retrieved 2009-09-29.
  5. "Wang Chuanfu". Hurun. Retrieved 2009-04-13.
  6. "BYD's Wang Chuanfu Tops China Rich List After Buffett Backing". Bloomberg. 2009-09-29. Retrieved 2009-09-29.
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