BillionaireNet
Wenbo
Xiang Wenbo
Rank #2605
CHINAManufacturingManufacturing

Xiang Wenbo

Net Worth
$1.366B
+0.2% (24h)
Xiang Wenbo, the Vice Chairman of Sany Group, is a prominent figure in the heavy equipment manufacturing industry. His career is marked by his dedication to innovation and international expansion, making him a key player in China's industrial achievements. With a master's degree from Dalian University of Technology, Xiang has led Sany Group to significant global success, operating in over 150 countries. His strategic focus on research and development has been pivotal to the company's ability to develop cutting-edge machinery and secure its position in the market.

The Full Dossier

Early Life

Born in Hunan, China, Xiang Wenbo began his career with a foundation in engineering. His educational background, including a Master's degree from Dalian University of Technology, provided him with a strong base for understanding the technical aspects of manufacturing and business management.

Rise to Success

Xiang Wenbo's rise to success is closely tied to Sany Group, where he has been instrumental in its growth. Starting in 1989, Sany Group was founded with the vision of building first-class enterprises and contributing to society. Xiang's role in Sany involved leadership in the expansion of Sany's footprint beyond China, guiding the company to operate in over 150 countries.

Key Business Strategies

A key strategy under Xiang's leadership has been a focus on research and development (R&D). This focus has enabled Sany to create advanced machinery that meets the demands of modern construction and infrastructure projects. Sany has made large investments in oversea sales, which set a record high and exceeded 8.21 billion US dollars in 2024, which accounted for 45% of the group's total sales.

Philanthropy

While specific philanthropy amounts are not available, Sany Group, under Xiang's leadership, has demonstrated a commitment to contributing to society as part of its core vision.

Career Timeline

2021

Forbes China Best CEO List

Xiang Wenbo ranked 14th on the list and is the only CEO in the construction machinery industry on the list.

2003

Sany Heavy Industry Listed

Sany Heavy Industry was successfully listed on the Shanghai Stock Exchange.

1994

Sany Heavy Industry founded in Changsha

Hunan Lianyuan Welding Material Factory was officially renamed to Hunan SANY Group Co., Ltd. and its headquarters officially moved to Changsha.

1989

Co-founded Sany Group

Founded Sany Group as a small welding supply company.

Philanthropic Impact

CommunityUndisclosed

Community Support

Sany Group aims to make first-class contributions to society.

Wealth Trajectory