Name: Wang Wenxue
Date of birth: 1966/67
Education: Executive MBA
Type of Business: Real Estate
Main Achievements: Wang Wenxue is the founder and chairperson of a vast real estate developer of Asia known as China Fortune Land Development. It is a Shanghai-listed company and develops industrial parks with more than 30 facilities in the country of China. The entrepreneur also holds stakes in other companies based in China, which include Xian Hongsheng Technology, Blacckcow Food, and Yulong Steel Pipe. In September 2018, Wang acquired $2 billion by selling 20% shares of China Fortune Land to Ping An, a Chinese insurer. He appeared on the Forbes List of Billionaires in 2020. Wang also made it to the China Rich List of 2019. The famous businessperson enjoys a net worth of $$4.3 billion, as of 2020.
Something interesting about Wang Wenxue: China Fortune Land Development was initially known as Zhejiang King Refrigeration Industry.
Wang Wenxue was born in a small town in the North of China in around 1966. He belonged to an ordinary and modest background, and his family had no political affiliations. He acquired his early education from a high school in Langfang. Currently, he lives in Beijing and is married. Wang obtained his EMBA degree from Tsinghua University. Moreover, the powerful personality also went to Peking University to attend courses of advanced management. His knowledge and skill are reflected in his extraordinary accomplishments.
Wang Wenxue is the owner of Hebei China Fortune F.C., which is the Super League Football team of China. The business tycoon was also nominated to be a member of the board of trustees of the University of Southern California in 2016. In 1992, he laid the foundations of a private hotspot restaurant. He also served at the local transport agency. Gradually, Wang’s restaurant gained popularity and was chosen by several government officials to meet each other. This helped him establish significant connections with influential personalities and eventually paved his way to enter the real estate sector. Initially, he got involved in the business of property renovation. However, he made it to property development after gaining sufficient experience and familiarity with the field. A few years later, Wang finally lunched his real estate development company known as China Fortune Land Development in 1998.
Wang continued accumulating wealth and success with every passing year. He was listed seventh among the wealthiest property developers of China in 2015. In 2019, he was known to have a net worth of $4.8 billion. In the Chinese real estate sector, Wang is recognized as an expert in the operation and investment of industrial areas. His company is famous for carrying out the complete construction and management of new industrial cities in the country. CFLD extends a diverse range of services in private and public aspects, which include hospitals, schools, roads, factories, shopping centers, and factories. Since its inception, Wang’s enterprise has succeeded in building around 120 industrial parks and 45 new cities in the industrial sector. Most of his projects are laid in the cities of Shanghai, Beijing, and Chengdu. CFLD appeared in the Global 2000 list of 2019.
Wang is also involved in delivering civic leadership in his country. At the 12th Chinese People’s Political Consultative Conference, he was a part of the business group. It was affiliated with the National People’s Congress of China, the legislative body of the country’s government. Moreover, at the 11th and 12th People’s Congress, he represented the Hebei Province. His remarkable business acumen has contributed to the progress and prosperity of the Chinese property sector. Moreover, his unique and productive entrepreneurial outlook has improved the living standard of millions of Chinese. Wang’s broad experience and unprecedented skill has helped him build an organization that incorporated modernization in the real estate sector. Eventually, he has succeeded in meeting the growing demands of China’s burgeoning urbanization and industrial development.