Wang Chuanfu

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Wang Chuan-Fu
Born (1966-04-08) April 8, 1966 (age 48)
China China
Residence China
Nationality Chinese
Net worth US$5.8 billion (2009)

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

Biography[edit]

Wang was born in China 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 passed away in death.[1] 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.[2] 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.[2] 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.[3] In early 2009, he was reportedly worth US$1.3 billion, placing him #559 on Forbes magazine's list of billionaires.[4] In late 2009, his worth grew to $5.1 billion and was crowned China's richest man on the Hurun Rich List. 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.[5]

References[edit]

  1. ^ Gunther, Marc (2009-04-13). "Warren Buffett takes charge". Fortune After. Retrieved 2009-04-13. 
  2. ^ a b "The Stars of Asia: Wang Chuanfu". BusinessWeek. 2003-06-09. Retrieved 2009-04-13. 
  3. ^ "Wang Chuanfu: Building electric dreams in China". CNN. 2009-09-29. Retrieved 2009-09-29. 
  4. ^ "#559 Wang Chuanfu". Forbes. 2009-03-11. Retrieved 2009-04-13. 
  5. ^ "BYD’s Wang Chuanfu Tops China Rich List After Buffett Backing". Bloomberg. 2009-09-29. Retrieved 2009-09-29.