Wang Chuanfu Explained
Wang Chuanfu (; born 8 April 1966) is a Chinese chemist, billionaire entrepreneur, and the founder, chairman and CEO of 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 and has served as a delegate to the National People's Congress.[8] [9] [10]
Personal life
Wang is married and lives in Shenzhen.[11]
Notes and References
- News: Marc . Gunther . Warren Buffett takes charge . Fortune After . 2009-04-13 . 2009-04-13 . 2009-04-14 . https://web.archive.org/web/20090414174301/http://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/index.htm . live .
- Web site: 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 . zh . 2024-05-06.
- News: The Stars of Asia: Wang Chuanfu . https://web.archive.org/web/20030619043936/http://businessweek.com/magazine/content/03_23/b3836610.htm . dead . June 19, 2003 . BusinessWeek . 2003-06-09 . 2009-04-13.
- Web site: Wang Chuanfu: Building electric dreams in China. 2009-09-29. CNN. 2009-09-29. 2009-08-28. https://web.archive.org/web/20090828130750/http://www.cnn.com/2009/WORLD/asiapcf/04/20/byd.wangchuanfu/index.html. live.
- Web site: Wang Chuanfu. Hurun. 2009-04-13. 2017-05-14. https://web.archive.org/web/20170514231017/http://www.hurun.net/en/HuList.aspx?nid=26. live.
- Web site: BYD's Wang Chuanfu Tops China Rich List After Buffett Backing. 2009-09-29. Bloomberg. 2009-09-29.
- Web site: Flannery. Russell. Stock, Sales Surge Lifts Wealth Of China EV Maker BYD's CEO. 2021-11-08. Forbes. en. 2021-11-07. https://web.archive.org/web/20211107103929/https://www.forbes.com/sites/russellflannery/2021/11/03/stock-sales-surge-lifts-wealth-of-china-ev-maker-byds-ceo/. live.
- Web site: He . Laura . 2020-07-17 . A US travel ban would bar China's top billionaire entrepreneurs from America . 2024-01-25 . . en . 2021-06-17 . https://web.archive.org/web/20210617101422/https://www.cnn.com/2020/07/17/business/us-travel-ban-chinese-entrepreneurs-intl-hnk/index.html . live .
- Xia . Jun . Yao . Fiona Kun . Yin . Xiaoli . Wang . Xinran . Lin . Zhouyu . 2023-12-27 . How Do Political and Nonpolitical Ties Affect Corporate Regulatory Participation? A Regulatory Capture Perspective . . en . 10.1177/00076503231219687 . 0007-6503 . free.
- News: Brendan . Scott . 2017-03-07 . The Pomp and Politics of China's Annual Congress . 2024-01-25 . . en . 2020-11-11 . https://web.archive.org/web/20201111223429/https://www.bloomberg.com/news/features/2017-03-07/pomp-and-politics-china-s-annual-congress-in-photos . live .
- Web site: Forbes profile: Wang Chuanfu . Forbes . 26 January 2021 . 27 October 2022 . https://web.archive.org/web/20221027082549/https://www.forbes.com/profile/wang-chuanfu/ . live .
