BillionaireNet
Li
Wong Man Li
Rank #1837
HONG KONGManufacturingFurniture

Wong Man Li

Net Worth
$2.144B
-0.15% (24h)
Wong Man Li is a Hong Kong-based billionaire and the Chairman of Man Wah Holdings, one of the world's largest manufacturers of reclining sofas, best known for its Cheers brand. With an estimated net worth of $2.1 billion as of 2024, he is a prominent figure in the furniture manufacturing industry. His career began as a factory worker after arriving in Hong Kong from mainland China, and he later co-founded Man Wah Holdings with his wife, growing it into a global enterprise. Wong has overseen the company's expansion, particularly in China and North America, contributing significantly to his wealth and global rank.

The Full Dossier

Early Life

Wong Man Li was born in Hong Kong in 1965. In 1990, he arrived in Hong Kong from Fujian, China, starting his career as a factory worker.

Rise to Success

Wong Man Li co-founded Man Wah Holdings with his wife. The company, known for its Cheers brand, has become one of the world's largest manufacturers of reclining sofas. Man Wah Holdings went public in Singapore in 2005 and later re-listed in Hong Kong. The company's success has been marked by efficient, large-scale manufacturing in China and global exports, with a strong presence in North America.

Key Business Strategies

Wong's strategic direction has been critical to Man Wah's growth. The company focused on producing affordable reclining furniture. Wong expanded Man Wah's reach in China, aiming to open many stores. The company's manufacturing processes include rigorous testing, ensuring product quality.

Philanthropy

Wong Man Li is involved in philanthropy, focusing on causes like education and environmental sustainability. He serves as the Co-Chairman of The Community Chest of Hong Kong.

Career Timeline

2022

Chairman of Man Wah Holdings

Wong Man Li is the Chairman of Man Wah Holdings.

2018

Elected Executive Chairman of Hong Kong Industrial and Commercial Association

Elected Executive Chairman of Hong Kong Industrial and Commercial Association.

2010

Man Wah Holdings Re-listed

Man Wah Holdings re-listed in Hong Kong.

2005

Man Wah Holdings IPO

Man Wah Holdings listed in Singapore.

Early 1990s

Co-founded Man Wah Holdings

Co-founded the furniture company with his wife.

1990

Factory Worker

Began working as a factory worker after arriving in Hong Kong.

Philanthropic Impact

CharityUndisclosed

The Community Chest of Hong Kong

Co-Chairman

Wealth Trajectory