Zhang Hongchao
$7.9B
Born
Jan 01, 1976
Age
50
Source of Wealth
Bubble tea
Residence
Zhengzhou, Henan
Citizenship
China
Marital Status
Children
0
Education
- Zhang Hongchao is the chairman of Mixue Group, the world's second biggest seller of freshly-made drinks by annual cups sold after Starbucks.
- He started a shaved ice shop in 1997 in China with a homemade machine and opened the first Mixue Bingcheng store two years later.
- Nearly all-franchised, the Mixue Bingcheng chain offers bubble tea, lemonade, coffee and other drinks as well as ice cream at dirt-cheap prices across more than 50,000 stores, including nearly 5,000 overseas.
- The company went public in a $444 million Hong Kong IPO in March 2025.
- His younger brother Zhang Hongfu, CEO of the company and also a billionaire, joined Mixue in 2007.
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