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Rank #48
Wang Chuanfu
$26671.6B
Shenzhen, Guangdong, China
Automotive
Biography
Wang Chuanfu's BYD reigns as king of China's nascent electric vehicle market, which is the largest EV market in the world.
Warren Buffett's Berkshire Hathaway owns an 8% stake in BYD.
Born in a farm village in one of China's poorest provinces in 1966, Wang was orphaned as a teen and raised by his elder brother and sister.
The high achiever made it to college, excelling as he trained his sights on battery technology.
Wang cofounded BYD as a rechargeable battery company in the mid 1990s.
Financial Assets
BYD Co. Ltd. Class A
SHENZHEN: 002594-CNShares: 517,352,000
BYD Co. Ltd. Class H
HONG KONG: 1211-HKShares: 1,000,000