Nan Cunhui

Net Worth

$1.945B

-2.2% (24h)

Nan Cunhui, a prominent figure in the power equipment industry, is the chairman of CHINT Group. Born in 1963, he is recognized as a leading entrepreneur in China's private sector. His source of wealth stems from his work in power equipment and manufacturing. With an estimated net worth of $2.1 billion as of December 15, 2025, Cunhui has built a global business, employing over 50,000 people worldwide. His career began at a young age, later founding CHINT Group in 1984. He holds several key positions, including the chairman of Zhejiang Federation of Industry and Commerce and president of Zhejiang Chamber of Commerce. Cunhui is also a recognized leader in philanthropy through the Commonweal Foundation, contributing over $62.36 million to social welfare initiatives.

The Full Dossier

Early Life and Humble Beginnings

Nan Cunhui's journey began in Yueqing, Zhejiang province, China. He came from a modest background, starting work at age 13 as a shoemaker to support his family. This early experience instilled in him a strong work ethic and a drive to succeed.

Rise to Success and Founding of CHINT Group

In 1984, at the age of 21, Nan Cunhui borrowed 50,000 yuan to start his entrepreneurial career. He founded Qiujing Switch Factory of Yueqing, the predecessor to CHINT. By 1991, the company had evolved into CHINT Group. Under his leadership, CHINT Group has grown to be a smart energy solutions provider operating in over 140 countries and regions.

Key Business Strategies

Cunhui's success can be attributed to several key business strategies. He focused on product quality and innovation, which enabled CHINT to establish a strong brand. He also embraced the market economy and adapted to changing times, establishing the first enterprise group in the low-voltage electrical appliance industry. He is known for integrating the development of CHINT with the broader economic and social context.

Philanthropy

Nan Cunhui is also known for his philanthropic efforts. Through the Commonweal Foundation, he has contributed more than $62.36 million to various social public welfare undertakings, including poverty alleviation, education, and environmental protection.

Career Timeline

2019

Awarded "Pioneer of Reform"

Awarded the title and medal of "Pioneer of Reform" by the CPC Central Committee and the State Council.

1994

Established the first enterprise group

Established the first enterprise group in the domestic low-voltage electrical appliance industry.

1984

Founded CHINT Group

Started a small factory, which later became CHINT Group.

Philanthropic Impact

Social Welfare$62.36M

Commonweal Foundation

Contributed to social public welfare undertakings such as poverty alleviation, education, and environmental protection.