Zhang Hongfu
$8.0B
Born
Jan 01, 1984
Age
42
Source of Wealth
Bubble tea
Residence
Zhengzhou, Henan
Citizenship
China
Marital Status
Children
0
Education
- Zhang Hongfu is the CEO of Mixue Group, the world's second biggest seller of freshly-made drinks by annual cups sold after Starbucks.
- His elder brother Hongchao started a shaved ice shop in 1997 in China and opened the first Mixue Bingcheng store two years later. Hongfu joined in 2007.
- 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.
- Hongchao is the chairman of the company and also a billionaire.
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