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 ($513 million) in 2021. It has offices in about nine countries including the US, UK, India, Australia and Brazil.
Wang Yiming's net worth of $6.87B can buy ...
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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 more than 15 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 a June 24, 2022 company filing. 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.
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.