Bloomberg Billionaires Index

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# 422 Zhang Hejun $5.67B

Random fact: Born to a family of farmers in Ningbo city, Zhejiang province.


Zhang is the chairman of Ningbo Deye Technology, a manufacturer of heat exchangers for refrigerators and air conditioners. The Ningbo, China-based company also makes solar inverters and dehumidifiers. The company began trading publicly in Shanghai in 2021 and reported revenue of 4.2 billion yuan ($646 million) in the same year.

As of :
Last change +$22.5M ( +0.4%)
YTD change -$1.56B ( -21.6%)
Biggest asset 605117 CH Equity
Country / Region China
Age 71
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhang Hejun's net worth of $5.67B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Zhang's fortune is derived from his stake in Ningbo Deye Technology, a manufacturer of electronic parts including solar inverters and heat exchangers. He owns about 63% of the company, according to its 2022 third-quarter report.

Zhang inherited his stake from his late mother, Mao Guqing, in 2017. He holds the shares directly and through three holding companies, including Aisrui Investment, Hengli Investment and Depai Investment. He's also credited with the shares held by his wife to reflect his status as chairman. Less than 1% of his stake is pledged and removed from the net worth calculation.

A spokesperson for the company didn't respond to a request for comment on the net worth calculation.


Family: Married, 2 children

Zhang was born in 1952 in Ningbo city of Zhejiang province. He co-founded a mould factory with fellow locals in 1971 after graduating from high school. He became the director of an electronic appliances factory in 1984.

Ningbo Deye was founded by Zhang's late father, Zhang Daoyi, in 2000. Zhang became a director of Ningbo Deye in the same year.

The company was transferred to his mother, Mao Guqing, in 2014. He inherited it in 2017 after his mother's death.

Ningbo Deye began trading publicly in Shanghai through an initial public offering in April 2021.

  • 1952 Born in Ningbo, Zhejiang, China.
  • 1971 Founds a mould factory in Ningbo.
  • 2017 Inherits Ningbo Deye Technology from his late mother.
  • 2021 Company begins trading publicly in Shanghai.