Rank #772
Zhang Hongfu
Net worth $5.5B
Bubble tea · China
- Born
- Jan 01, 1984
- Age
- 42
- Source
- Bubble tea
- Residence
- Zhengzhou, Henan
- Citizenship
- China
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- 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.
Financial assets
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