Portrait of Lu Weiding

Rank #588

Lu Weiding

Net worth $6.7B

Diversified · China

Born
Mar 01, 1971
Age
55
Source
Diversified
Residence
Hangzhou, Zhejiang
Citizenship
China
Marital status
Children
0
Education

Net worth over time

Biography

  • Lu Weiding is the chairman and CEO of Wanxiang Group, a maker of auto parts with growing interests in clean energy and agriculture.
  • His late father Lu Guanqiu (d. 2017) founded the predecessor of Wanxiang Group in 1969.
  • Starting from a small blacksmith shop, Guanqiu eventually grew the company to become the first Chinese auto parts supplier that entered the U.S. market.
  • Lu Weiding is also the chairman of China Wanxiang, a subsidiary in the insurance and fintech sectors.

Financial assets

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