Bloomberg Billionaires Index

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# 305 Wang Liping $7.17B

Random fact: Hengli built the world's largest cylinder production base in Wujin in 2011.

Overview

Wang is the founder and chairman of Jiangsu Hengli Hydraulic, a Chinese manufacturer of hydraulic components. The Changzhou-based company's main products include pumps and cylinders for use in excavators and other heavy equipment. Hengli reported revenue of 7.9 billion yuan ($1.1 billion) in 2020.

As of :
Last change +$49.4M ( +0.7%)
YTD change -$4.55B ( -38.8%)
Biggest asset 601100 CH Equity
Country / Region China
Age 56
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wang Liping's net worth of $7.17B 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:

Wang's wealth is derived from his stake in Jiangsu Hengli Hydraulics, a Chinese hydraulic components and systems manufacturing company.

Wang owns about 67.4% of Hengli Hydraulics through holding companies, according to the company's 2021 third-quarter report. This includes shares held by his son and wife that are credited to Wang in the calculation to reflect his status as chairman.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

A representative of the company didn't respond to Bloomberg's request for comments.

Biography

Birthdate: 2/1/1966
Family: Married, 1 child

Wang was born in Jiangsu, China in 1966.

He began working as a technician at a local pneumatic factory after finishing high school and founded Hengli in 1990, according to the company's website.

The company began producing tunnel machinery in 2006 and had SANY, XCMG Construction as clients. It started publicly-trading in Shanghai in 2011.

As of 2021, it had eight manufacturing bases across China, four R&D centers worldwide and sold products to more than 20 countries and regions.

Milestones
  • 1990 Hengli was founded in Jiangsu, China.
  • 2006 Entered the tunnel machinery business.
  • 2011 Hengli started publicly trading in Shanghai Stock Exchange.
  • 2021 Set up branch in Mexico.