Fang Wei – Billionaire

• Beijing businessman Fang Wei has built a fortune by taking over struggling companies.
• Fang-backed businesses include Fangda Carbon New Material and Fangda Special Steel.

Fang Wei Net Worth: Fang Wei is a Chinese entrepreneur who has a net worth of $1.3 billion. Born in 1973, Fang Wei serves as the Chairman of Fangda International Industrial Investment Group based in Beijing. The company was launched in 1991, and through the years, it grew into one of China’s leading industrial groups. Fangda is specialized in producing iron and steel products, carbon products, coke, chemicals and iron ore. Moreover, Fangda owns about 20 diversified companies like Fangda Special Steel, Fangda Carbon New Material, China Fangda Group, Fangda Jinhua Chemical Technology, the Northeast Pharmaceutical Group, and many more. Currently, the group is expanding into real estate business, and it is a China’s powerhouse that has over 30,000 employees in more than 10 provinces in China.

Source:

1. forbes
2. celebritynetworth