BillionaireNet
Hangen
M
Rank #1092
CHINAFashion & RetailTextiles, petrochemicals

Miao Hangen

Net Worth
$3.698B
-0.2% (24h)
Miao Hangen, a prominent figure in China's business world, is the Chairman of Eastern Shenghong and Shenghong Holding Group. His estimated net worth is $3.5 billion. Hangen's career began in the textile industry, and his wealth stems from textiles and petrochemicals. Throughout his career, he has achieved significant milestones, including leading Shenghong Group to become a Fortune Global 500 company. Miao, known for his low-key approach, has also been recognized for his philanthropic efforts in education, healthcare, and poverty alleviation. His commitment to innovation and sustainability has positioned him as a leader in the petrochemical and new materials sectors.

The Full Dossier

Early Life

Miao Hangen was born in China in 1965. His career began in the 1980s when he joined a village-run textile factory after not passing the college entrance examination.

Rise to Success

Miao's career took off when he was appointed as the director of the Shenghong Sand Washing Factory in the 1990s. His leadership and talent led Shenghong to become an innovative high-tech group company engaged in petrochemical, textile, and energy industries. He has been recognized as an outstanding entrepreneur in the petrochemical and textile industries in China.

Key Business Strategies

Miao Hangen chairs Eastern Shenghong, a Shenzhen-listed petrochemical and new material firm. He has led the company to focus on innovation and the integration of resources. Shenghong Group broke ground on a $4.2 billion plant for energy storage system batteries in Zhangjiagang, Jiangsu in July 2023. Shenghong Group's main activities include petrochemicals, textiles, and new energy, which have led to the company's continuous growth.

Philanthropy

Miao Hangen is also recognized for his philanthropic efforts, having established foundations focused on education, healthcare, and poverty alleviation.

Career Timeline

2023

ESS Battery Plant

Shenghong Group broke ground on a $4.2 billion plant for energy storage system batteries in Zhangjiagang, Jiangsu.

2020

Shenghong Group makes Fortune 500

Shenghong Group ranked among the Fortune Global 500 for the first time.

2019

Shenghong Group Ranked

Shenghong Group ranked 132nd of the top 500 enterprises of China and 29th of the top 500 private companies of China.

1992

Took over Shenghong Sand Washing Factory

Miao Hangen took over Shenghong sand washing plant, which was the former company of the Shenghong Group.

Philanthropic Impact

Social WelfareUnknown

Education, Healthcare, and Poverty Alleviation

Established foundations focusing on education, healthcare, and poverty alleviation.

Wealth Trajectory