BillionaireNet
Xueping
Ruan Xueping
Rank #802
HONG KONGManufacturingPower strip

Ruan Xueping

Net Worth
$5.057B
-0.61% (24h)
Ruan Xueping, a 53-year-old Hong Kong citizen, is a self-made billionaire with a net worth of $5.1 billion, primarily from his involvement in the manufacturing industry, specifically power strips. As vice chairman of Goneo Group (formerly Gongniu Group), Ruan co-founded the company in 1995 with his brother Ruan Liping. His career showcases a deep understanding of manufacturing, branding, and distribution within a competitive market. Ruan's success stems from a focus on quality, innovation, and strategic market positioning within the consumer electrical products sector.

The Full Dossier

Early Life

Ruan Xueping, born in China, is now a Hong Kong citizen. He co-founded Gongniu Group (now Goneo Group) with his elder brother, Ruan Liping, in 1995. Ruan started his career as an engineer in a local mechanical factory before launching Gongniu.

Rise to Success

Ruan's rise to success is closely tied to the growth of Gongniu Group, a leading manufacturer of power strips and related electrical products. The company went public on the Shanghai Stock Exchange in 2020. Ruan and his brother built the business from the ground up, focusing on product quality, engineering, and efficient distribution.

Key Business Strategies

The success of Goneo Group can be attributed to several key strategies. They focused on product engineering, ensuring that their products met and exceeded safety standards. They also understood the importance of distribution and positioned their products in locations where consumers shop for everyday items. The company expanded its product line from sockets and power strips to include charging adapters and digital accessories.

Philanthropy

Specific details on Ruan Xueping's philanthropy initiatives were not found in the search results.

Career Timeline

2020

Gongniu Group IPO

The company went public on the Shanghai Stock Exchange.

1995

Co-founded Gongniu Group

Ruan co-founded Gongniu Group with his brother.

Philanthropic Impact

UnknownUndisclosed

Unknown

Details not found in the search results.

Wealth Trajectory