Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 227 Wu Jianshu $8.91B

Random fact: Built research and development bases in Detroit and Gothenburg, Sweden.

Overview

Wu is the chairman of Ningbo Tuopu Group, a manufacturer of car parts including suspension equipment and electronic brakes. The Ningbo, China-based company supplies parts to car makers including Audi, Fiat Chrysler, Ford and General Motors. It reported revenue of 6.5 billion yuan ($944.6 million) in 2020.

As of :
Last change -$40.5M ( -0.5%)
YTD change +$2.87B ( +47.5%)
Biggest asset 601689 CH Equity
Country / Region Hong Kong
Age 58
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wu Jianshu's net worth of $8.91B 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 Wu's fortune is derived from publicly traded Ningbo Tuopu Group. The Ningbo, China-based auto part manufacturer and counts Audi, Fiat Chrysler, Ford and General Motors among its partners, according to the company website.

He controls 64% of the business directly and through holding company Mike International, according to the company's third-quarter report for 2021. 

The value of his cash investments is based on an analysis of these proceeds, as well as taxes and market performance. 

Wang Mingzhen and Gong Yuchao, representatives for Ningbo Tuopu Group, didn't respond to requests for comment on the net worth calculation.

Biography

Birthdate: 1964
Family: Unmarried, No children

Jianshu Wu was born in Ninghai, Zhejiang in 1964. He began his career producing rubber car shock absorbers in Zhejiang, along with his elder brother Jianjun.

He founded Ningbo Tuopo in 1983, and developed partnerships with a number of global car manufacturers including Audi, Fiat Chrysler, Ford and General Motors.

He became a resident of Hong Kong in November 2006 and took Ningbo Tuopu public in March 2015.

Milestones
  • 1983 Ningbo Tuopo is established.
  • 2012 Opens a North American R&D center in Detroit.
  • 2015 Ningbo Tuopu is listed on the Shanghai stock exchange.
  • 2016 Opens a manufacturing plant in Sao Paolo, Brazil