Rank #278
Liang Wenfeng
Net worth $11.5B
AI, hedge fund · China
- Born
- Jan 01, 1985
- Age
- 41
- Source
- AI, hedge fund
- Residence
- Hangzhou
- Citizenship
- China
- Marital status
- Children
- 0
- Education
- Bachelor of Engineering, Zhejiang University; Master of Science in Engineering, Zhejiang University
Net worth over time
Biography
- Liang Wenfeng is the founder of Hangzhou, China-based AI firm DeepSeek and quantitative trading firm High-Flyer Capital Management.
- DeepSeek took the world by storm when it released its R1 model in January 2025, claiming to rival the performance of OpenAI's ChatGPT at a lower cost.
- Liang launched DeepSeek in 2023 and funded it in part with proceeds from High-Flyer, the hedge fund he founded in 2015 with two college classmates.
- Liang used math and AI techniques to build High-Flyer, and by 2019 it was one of the largest and best-performing quantitative trading firms in China.
- High-Flyer reached a peak of $14 billion in assets under management in 2021. The firm's performance then declined and assets fell to around $6 billion.
- Liang met with Chinese president Xi Jinping at a meeting with Chinese tech entrepreneurs in Beijing in February 2025.