Rank #2628
Wang Xicheng & family
Net worth $1.5B
Tires · China
- Born
- Nov 01, 1948
- Age
- 77
- Source
- Tires
- Residence
- Zhaoyuan, Shandong
- Citizenship
- China
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Wang Xicheng's fortune rose following the July 2016 IPO of his tire manufacturer, Shandong Linglong Tire, on the Shanghai Stock Exchange.
- Its predecessor was a state-owned tire factory founded in 1975 in Shandong Province.
- The company was on the verge of collapse in 1987 when Wang was named leader and shifted its focus to pricier tires.
- The company is now a supplier to GM, Ford, Tata, Fiat and Hyundai.
Financial assets
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