Rank #1132
Fang Wei
Net worth $3.8B
Steel · China
- Born
- Sep 04, 1973
- Age
- 52
- Source
- Steel
- Residence
- Beijing, Beijing
- Citizenship
- China
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Fang Wei chairs Fangda Group, a conglomerate based in the northeastern province of Liaoning with interests in aviation, pharmaceuticals, steel and new materials.
- The group controls several listed companies, including Fangda Carbon New Material and Fangda Special Steel Technology.
- Born in a distressed rural area, Fang helped his family recycle scrap metals when he was young.
- He later built a sprawling business empire through acquiring financially stressed companies and turning their operations around.
- His best-known deals include the 2022 investment of $1.6 billion in Hainan Airlines, after former owner HNA Group was forced to downsize amid Beijing's crackdown on debt-fueled acquisitions overseas.
Financial assets
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