#1261

Fang Wei

China 52 years old Self-Made

Overview

Source of Wealth
Steel
Industry
Manufacturing
Residence
Beijing
Marital Status
Married

Assets

  • Fangda Carbon New Material
    976,234,000 shares @ -
    -
    600516-CN
  • Fangda Carbon New Material
    0 shares @ -
    -
    600516-CN
  • Fangda Jinhua Chemical Technology Co., Ltd.
    0 shares @ -
    -
    000818-CN
  • Fangda Special Steel Technology Co Ltd
    839,523,000 shares @ -
    -
    600507-CN
  • Fangda Special Steel Technology Co Ltd
    0 shares @ -
    -
    600507-CN
  • Hainan Airlines (A)
    11,820,755,000 shares @ -
    -
    600221-CN
  • Henan Jinma Energy Company Limited
    32,011,000 shares @ -
    -
    6885-HK
  • Northeast Pharmaceutical Group Co., Ltd.
    576,531,000 shares @ -
    -
    000597-CN
  • Northeast Pharmaceutical Group Co., Ltd.
    0 shares @ -
    -
    000597-CN
  • Zhongxing Shenyang Commercial Building Group
    212,040,400 shares @ -
    -
    000715-CN

Biography

Fang Wei chairs Fangda Group, a conglomerate based in the northeastern province of Liaoning with interests in aviation, pharmaceuticals, steel and new materials.

The group controls several listed companies, including Fangda Carbon New Material and Fangda Special Steel Technology.

Born in a distressed rural area, Fang helped his family recycle scrap metals when he was young.

He later built a sprawling business empire through acquiring financially stressed companies and turning their operations around.

His best-known deals include the 2022 investment of $1.6 billion in Hainan Airlines, after former owner HNA Group was forced to downsize amid Beijing's crackdown on debt-fueled acquisitions overseas.