Bloomberg Billionaires Index

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# 135 Zhang Bo $12.9B

Random fact: Zhang's mother, Zheng Shuliang, is the vice chairman of China Hongqiao.

Overview

Zhang is the chairman of China Hongqiao Group, the country's largest privately held aluminum smelter. The Shandong, China-based group reported revenue of 111.5 billion yuan ($17.8 billion) in 2021. Zhang Hongxia, Bo's sister, is the chairman of Weiqiao Textile. Their father and family patriarch, Zhang Shiping, died in 2019.

As of :
Last change +$74.7M ( +0.6%)
YTD change -$617M ( -4.6%)
Biggest asset 1378 HK Equity
Country / Region China
Age 52
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhang Bo's net worth of $12.9B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of the Zhang's fortune is derived from a majority stake in China Hongqiao Group, China's largest private aluminum smelter.

Zhang is the chairman of China Hongqiao and owns about 67% of the company through a family trust, according to the company's 2021 annual report.

The family also controls Weiqiao Textile, a Chinese cotton-textiles manufacturer. Zhang Hongxia, Bo's sister, is the chairman of Weiqiao Textile and owns about 1.5% of the company directly, according to the its 2021 annual report. Shares held by the parent company are excluded to avoid double counting.

They hold a 54% stake in closely-held parent Shandong Weiqiao Pioneering Group, a textile maker with revenue of $41.9 billion in 2020, based on Fortune's top 500 biggest global companies list. The valuation is based on the average price-to-earnings multiple of three publicly traded peers: Weiqiao Textile Co, Anhui Huamao Textile Co and Jiangsu Lianfa Textile Co. It was updated on Aug. 19, 2021 to reflect the latest financials results and this led to an increase in the calculation of about $1.2 billion.

Zhang Bo & family are credited with the fortune following the death of family patriarch Zhang Shiping in 2019.

Cash holdings are valued based on an analysis of dividends, insider transactions, market performance and taxes.

Christine Wong, a spokesman for China Hongqiao, declined to comment on Zhang's net worth.

Biography

Birthdate: 1970
Family: Unmarried, No children
Education: Shandong TV & Broadcast University, Wuhan University

Born in 1970 in Shandong, China, Zhang Bo is the son of Zhang Shiping, the late founder of China Hongqiao Group, an aluminum products maker in China.

Bo studied at Shandong Broadcast and Television University majoring in financial accounting and obtained a bachelor's degree in economics in 1996. He later obtained a master's degree in software engineering from Wuhan University in 2005, according to a company filing.

He has held various roles at Hongqiao's subsidiaries since 2006 and became an executive director and chief executive officer of China Hongqiao in 2011.

Bo was appointed chairman of the group in May 2019.

Milestones
  • 1996 Graduated from Shandong Boadcast and Television University.
  • 2002 Weiqiao Textile started trading in Hong Kong.
  • 2011 China Hongqiao started publicly trading in Hong Kong.
  • 2019 Zhang Shiping, Zhang Bo's father and patriarch of the family, died at 73.