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# 384 Ruan Xueping $6.26B

Random fact: Started selling products in India and the Philippines in 2015.


Ruan is the vice-chairman of Gongniu Group, a maker of electrical sockets and switches in China. The Cixi, Zhejiang-based company reported revenue of 12.4 billion yuan ($1.9 billion) in 2021 and has sales outlets in more than 300 cities across the country. It began trading publicly on the Shanghai stock exchange in February 2020.

As of :
Last change No change
YTD change +$357M ( +6.0%)
Biggest asset 603195 CH Equity
Country / Region China
Age 51
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ruan Xueping's net worth of $6.26B 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 Ruan's fortune is derived from his 43% stake in Gongniu Group, an electrical appliance maker in China. The Cixi, Zhejiang-based company reported revenue of 12.4 billion yuan ($1.9 billion) in 2021. It has sales outlets in more than 300 cities across the country, according to the company's website.

Ruan owns his directly and through investment vehicle Ningbo Liangji Industry, where he co-owns with his older brother Ruan Liping, according to the company's 2022 third-quarter report.

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

Liu Shengsong, a spokesman for the company, declined to comment on the net worth calculation.


Family: Unknown, No children

Ruan was born in 1972. He finished his studies after graduating from middle school in China, according to Gongniu Group's prospectus for its initial public offering. His older brother Ruan Liping was an electrical engineer in a state-owned institution and left his job to start a business producing sockets. Ruan later co-founded and managed the business with his brother and it became Gongniu Group in 1995.

Ruan's brother likes to play basketball and he named his business Gongniu, which also translates to "bull", after the National Basketball Association team the Chicago Bulls, according to a local media interview in 2017.

By the end of 2019, the company had annual sales of 10 billion yuan ($1.5 billion) and sales outlets in more than 300 cities across China.

  • 1995 Gongniu Group was founded.
  • 2009 Recieved a total of 155 national patents.
  • 2010 Built the company's fourth production base in China.
  • 2020 Became publicly traded in Shanghai.