Wang Xicheng & family
$1.7B
Born
Nov 01, 1948
Age
77
Source of Wealth
Tires
Residence
Zhaoyuan, Shandong
Citizenship
China
Marital Status
Married
Children
0
Education
- 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.
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