Bloomberg Billionaires Index

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# 152 Wang Wenyin $12.1B

Random fact: Landlord to Harry's Bar in Singapore's Marina Bay district.

Overview

Wang is the founder and chairman of Amer International Group, a closely held miner, processor and trader of copper and other metals. The Shenzen, China-based company had revenue of $100 billion in 2020. The group includes a Singapore-based metal trader, a computer-chip maker and a polyimide producer.

As of :
Last change -$59.1M ( -0.5%)
YTD change -$2.61B ( -17.8%)
Biggest asset Amer International Group
Country / Region China
Age 54
Industry Commodities
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wang Wenyin's net worth of $12.1B 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 Wang's fortune is derived from his control of Amer International Group, the closely held copper miner and processor he founded in 1994. The company is 90% owned by Wang and 10% by a sibling about whom little is known. 

Amer had revenue of about $100 billion and stockholder equity of $17.5 billion in 2020, according to a Fortune Global 500 ranking. The base valuation is calculated based on the reported equity value and this is adjusted to reflect changes in the BI Global Copper Competitive Peer Group index. The base valuation was updated on Oct. 7, 2021 and this led to an increase in the calculation of about $3 billion.

Wang also owns a 30% stake of publicly-traded Jiangsu Jiuding, according to the company's 2021 semi-annual report. He acquired the stake in November 2019, according to a company disclosure.

The billionaire also owns property assets through Singapore-based investment company, Wen Way. These are valued at their 2013 purchase price in 2013, according to its website. The costs of Wen Way's land acquisitions and industrial parks construction in China are included as liabilities.

Fan Xinlan, a spokesperson for Amer, declined to comment on the billionaire's net worth.

Biography

Birthdate: 3/2/1968
Family: Married, No children

Wang Wenyin was born in Anqing, a city in the Chinese province of Anhui, on March 2, 1968, according to filings with the UK's Companies House. He set up miner and copper processor Amer International Group in 1994. Nine years later, the company opened a 1,000-acre copper wire manufacturing site in Shenzhen, China, which is one of six factories in the city today, according to the company's website.

More plants followed, including a copper mine in Ganzhou and a processing park in Quanwei in 2005. The group opened an industrial park focused on computer chip design in 2011, and also is investing in polyimide production.

Awin Resource, a metal trader that had revenue of $4.5 billion in 2013, was established in Singapore in 2011. The billionaire's real estate investment company, Wen Way, bought 22 retail units in Singapore in 2013.

Wang, who lives in Shenzhen, according to UK filings, is married to Liu Jiehong, who is managing director of Amer.

Milestones
  • 1968 Wang Wenyin is born in China's Anhui province.
  • 1971 Wife Liu Jiehong is born.
  • 1994 Establishes Amer International Group.
  • 2003 Opens 1,000-acre copper wire manufacturing site in Shenzhen, China.
  • 2009 Copper processing begins at Amer's plant in Tongling City, China.
  • 2010 Buys world's largest copper rod production equipment.
  • 2011 Creates Singapore-based metal trader Awin Resource.
  • 2011 Sets up semiconductor subsidiary to create cluster in Chizhou, China.
  • 2012 Establishes real estate investment company Wen Way Investments.
  • 2013 Purchases retail units in Singapore for $105 million.