Wang Chuanfu
| Wang Chuanfu | |
|---|---|
| Born | April 8, 1966 Wuwei County, Anhui, China |
| Residence | Shenzen, China |
| Nationality | Chinese |
| Alma mater | Central South University Beijing Non-Ferrous Research Institute |
| Net worth | US$4.7 billion (February 2015)[1] |
| Spouse(s) | married |
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Wang Chuanfu (Chinese: 王传福) is a Chinese chemist, businessman and founder of BYD Company.
Contents
Early life
Wang Chuanfu was born in Wuwei County, Anhui province to a family of poor farmers. While in high school he was cared for by his elder brother and sister because both of his parents had died.[2] After high school he studied chemistry at the Central South University, and went on to earn a master's degree in 1990 from the Beijing Non-Ferrous Research Institute.[3]
Career
He spent several years as a government researcher, but in 1995 he entered the private sector and founded his own company, BYD Company, outside of Shenzhen.[3] Founded with his cousin Lu Xiangyang when he was just 29 years old, BYD Company is currently the world's biggest mobile phone batteries manufacturer.[4] In early 2009, he was reportedly worth US$3.4 billion, placing him 408th on Hurun Report's Global Rich List 2014 .[5] In late 2009, his worth grew to $5.1 billion and was crowned China's richest man on the Hurun Report. This was due largely to a fivefold increase in his company's value after Warren Buffett bought 225 million new shares of BYD in 2008.[6]
Personal life
He is married and lives in Shenzen.[1]
References
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A subsidiary of BYD Company
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