Fang Wei
$4.4B
Born
Sep 04, 1973
Age
52
Source of Wealth
Steel
Residence
Beijing, Beijing
Citizenship
China
Marital Status
Married
Children
0
Education
- 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.
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