Rank #3242
Weijian Shan
Net worth $1.1B
Private equity · Hong Kong
- Born
- Jan 01, 1954
- Age
- 72
- Source
- Private equity
- Residence
- Hong Kong
- Citizenship
- Hong Kong
- Marital status
- Children
- 0
- Education
- Doctorate, University of California, Berkeley; Master of Economics, University of California, Berkeley; Master of Business Administration, University of San Francisco
Net worth over time
Biography
- Weijian Shan is the chairman of PAG, an Asia-focused private equity firm with $50 billion in assets under management.
- Before founding PAG's private equity business in 2010, he worked for 12 years at TPG Capital and was the U.S. private equity giant's top China dealmaker.
- At TPG, Shan spearheaded the first purchase of a state-owned Chinese bank by a foreign investor.
- In 2022, Shan became an independent director of Alibaba. He also served on the boards of Wilmar International, Bank of China (Hong Kong), Baosteel and Lenovo.
- The Beijing-born grew up during the Cultural Revolution and labored in northern China's Gobi Desert.
- His memoir, published in 2019, is called Out of the Gobi: My Story of China and America.
- He earned a Ph.D. in business administration from UC Berkeley, where U.S. Treasury Secretary Janet Yellen was one of Shan's thesis advisors.