Wang Chuanfu

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Wang Chuanfu
Born (1966-04-08) April 8, 1966 (age 49)
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
This is a Chinese name; the family name is Wang.

Wang Chuanfu (Chinese: 王传福) is a Chinese chemist, businessman and founder of BYD Company.

Early life[edit]

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 passed away.[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[edit]

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[edit]

He is married and lives in Shenzen.[1]

References[edit]

  1. ^ a b "Wang Chuanfu". Forbes. Retrieved 20 February 2015. 
  2. ^ Gunther, Marc (2009-04-13). "Warren Buffett takes charge". Fortune After. Retrieved 2009-04-13. 
  3. ^ a b "The Stars of Asia: Wang Chuanfu". BusinessWeek. 2003-06-09. Retrieved 2009-04-13. 
  4. ^ "Wang Chuanfu: Building electric dreams in China". CNN. 2009-09-29. Retrieved 2009-09-29. 
  5. ^ "Wang Chuanfu". Hurun. Retrieved 2009-04-13. 
  6. ^ "BYD’s Wang Chuanfu Tops China Rich List After Buffett Backing". Bloomberg. 2009-09-29. Retrieved 2009-09-29.