Wang Wei, a Chinese entrepreneur in the transportation and logistics sector, has a net worth of $22 billion.
Wang Wei, who made it to the top of the billionaires’ list in 2012, maintains a low profile by running his unlisted company, SF Express, in private.
His extreme avoidance of the public eye was the reason why a prominent Chinese magazine did not include a photo of him in their feature article about him last year.
Mr. Wei was conceived by an artist instead of the real thing.
His SF Express, which is similar to the U.S.-based Fedex, delivers goods quickly across most of China’s regions.
Its expansion now extends into the southeast area.
Wang Wei’s net worth experienced a surge last year due to the acquisition of a 25% stake in his company by external investors, namely China Merchants Group, Oriza Holdings, and CITIC Capital, for a reported $1.3 billion.
The ownership of S.F. is held by the holding.
Express is the most prominent parcel delivery company in China.
Wang’s ownership of Shenzhen Mingde Holdings Development is 99.9%.
He was granted his stake in S.F.
When the company went public on the Shenzhen Stock Exchange in 2017, it became a public entity.
Wang possesses residential real estate in Hong Kong.
S.F. is the name of his company.
The revenue generated by Express in 2016 amounted to $8.6 billion.