Huang Wei Net Worth $2.6 Billion
Considered one of China’s most successful real estate developers, he’s the 27th most affluent individual in China and 554th in the world. Mr. HuangWei has amassed his estimated net worth of $2.6 billion with his control of the real estate and investment company through Zhejiang Xinhu Group, his primary holding company. The firm is headquartered in the eastern Chinese city of Hangzhou. It’s more than 30 real estate projects under development in about 20-plus cities. This is a shareholder in financial services businesses including Shengjing Bank, Chengdu Rural Commercial Bank, Xiangcai Securities and Xinhu Futures. In January 2011, Xinhu Zhongbao announced that it could form a 70%-owned joint venture picture and television production company in partnership with the well-known Chinese film industry finds Hu Mei and He Yanjiang. It continues to expand its real estate investments in southern China. In February 2010, it purchased for $200 million the 35% of Times Group, a Guangzhou real estate company. Huang Wei’s net worth continues to develop. In the recent months, he cut-off his stake in the holding company from 68%to 64%. Between September and December of last year, he has sold $161 million worth of shares. His firm announced a strategy to get 34% of the Northwest Mineral Group for $121 million as part of his move to interact in the mining industry.