Bloomberg Billionaires Index

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# 471 Wang Yiming $5.46B

Random fact: A Ginlong inverter was installed on the Eiffel Tower in Paris.

Overview

Wang is the chairman and president of Ginlong Technologies, a manufacturer and distributor of solar inverters. The Ningbo, China-based company was founded in 2005 and reported revenue of 3.3 billion yuan ($514 million) in 2021. It has offices in about 20 countries including the US, UK, India, Australia and Brazil.

As of :
Last change +$209M ( +4.0%)
YTD change +$160M ( +3.0%)
Biggest asset 300763 CH Equity
Country / Region China
Age 42
Industry Energy
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wang Yiming's net worth of $5.46B 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 Ginlong Techonologies, a manufacturer and distributor of solar inverters. The Ningbo, China-based business has local offices in about 20 countries including the US, UK, India, Australia and Brazil, according to its website.

Wang holds a 51% stake through a holding company and his parents, according to the company's 2022 third-quarter report. Wang is credited with his family's entire stake to reflect his executive control and position as chairman.

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

Lizzy Wu, a representative for the company, didn't respond to a request for comment on the calculation.

Biography

Birthdate:
Family: Unknown, No children

Wang was born in 1981. His father is a middle school teacher and Wang studied information engineering in Shanghai. He later attended The University of Edinburgh and received a master's degree in electric engineering.

He co-founded Ginlong with his father in Ningbo in 2005. The solar inverter company began trading on the Shenzhen Stock Exchange in 2019. By 2021, it had offices in about nine countries including the UK, India, Australia and Brazil.

Milestones
  • 2005 Ginlong start operations in Ningbo, China.
  • 2015 Ginlong becomes biggest seller of inverters in the UK.
  • 2019 Starts publicly trading on the Shenzhen Stock Exchange.
  • 2020 Raised $100 million in order to double its production capacity.