Fang Wei
$3.31B
as of 10/04/24
About Fang Wei
Fang Wei chairs Fangda Group, a conglomerate based in the northeastern province of Liaoning with interests in aviation, pharmaceuticals, steel and new materials.
The group controls several listed companies, including Fangda Carbon New Material and Fangda Special Steel Technology.
Born in a distressed rural area, Fang helped his family recycle scrap metals when he was young.
He later built a sprawling business empire through acquiring financially stressed companies and turning their operations around.
His best-known deals include the 2022 investment of $1.6 billion in Hainan Airlines, after former owner HNA Group was forced to downsize amid Beijing's crackdown on debt-fueled acquisitions overseas.
Personal stats
Citizenship
People's Republic of ChinaSource of wealth
SteelResidence
Beijing, People's Republic of ChinaMarital status
MarriedBirth date
09/04/73 (age 51)Self-made
self-madeFang Wei’s fortune is worth
55K
troy ounces of gold
51K
median U.S. household
33K
median U.S. income
0.066%
U.S. credit card volume
0.013%
GDP of the United States
0.01%
United States debt
Net worth history
Annual ranking
Related people
Net worth over time
Real-time ranking
Financial assets
SHANGHAI | 600516-CN
Fangda Carbon New MaterialSHANGHAI | 600516-CN
Fangda Carbon New MaterialSHENZHEN | 000818-CN
Fangda Jinhua Chemical Technology Co., Ltd.SHANGHAI | 600507-CN
Fangda Special Steel Technology Co LtdSHANGHAI | 600507-CN
Fangda Special Steel Technology Co LtdSHANGHAI | 600221-CN
Hainan Airlines (A)HONG KONG | 6885-HK
Henan Jinma Energy Company LimitedSHENZHEN | 000597-CN
Northeast Pharmaceutical Group Co., Ltd.SHENZHEN | 000597-CN
Northeast Pharmaceutical Group Co., Ltd.SHENZHEN | 000715-CN
Zhongxing Shenyang Commercial Building GroupImages © Forbes.com. All rights reserved.