Shen Wenrong
REAL TIME NET WORTH — as of 5/9/17
$1.64 B
- Shen Wenrong chairs Shagang Group, China’s largest nongovernment-controlled steel company.
- Shen led the development of Shagang from a collective steel workshop founded in 1975.
Shen Wenrong is the Chairman and Chief Executive Officer of Shagang Group and he has an estimated net worth of $2.6 billion as of May 2015 according to Forbes. He is also the 80th richest person in China and 1088th in the World Billionaires list. Born in 1946 in the city of Zhangjiagang, Jiangsu Province, Mr. Shen started earning his net worth of $1.35 billion when he took over a steel company in 1984. He was responsible in reducing the factory’s product lines to focus on steel sashes which resulted to its production reaching 130,000 tons and occupied 60 percent of the domestic market by 1988.
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