BillionaireNet
Wanmao
Xu Wanmao
Rank #2923
CHINAServiceEducation

Xu Wanmao

Net Worth
$1.152B
+1.2% (24h)
Xu Wanmao, an 80-year-old Chinese billionaire, is the chairman of Huamao Group. His estimated net worth is $1.1 billion, derived from his source of wealth: education. He has built a successful career in the service industry, with Huamao Group being headquartered in Ningbo, China, and recognized as one of the city's largest service industry businesses. Xu Wanmao has also demonstrated strategic acumen in diversifying the group's operations across education, real estate, and investments, including investments in the Bank of Ningbo. He is known for his vision, adaptability, and commitment to excellence, all of which have contributed to his success and impact on his community.

The Full Dossier

Early Life

Information regarding Xu Wanmao's early life is limited. However, it's known that he was born in China, and his career path eventually led him to become a prominent figure in the country's business landscape.

Rise to Success

Xu Wanmao's rise to success is marked by his leadership of the Huamao Group. The company has diversified its operations across education, real estate, and investment sectors. Under Xu's stewardship, the Huamao Group has grown to become a significant player in Ningbo, China, contributing to the city's economic development.

Key Business Strategies

Xu Wanmao's key business strategies include investments in education, which have supported the development of talent and innovation. Huamao Group has also expanded into real estate and investment. A notable investment is in the Bank of Ningbo. His leadership style emphasizes foresight, adaptability, and a relentless pursuit of excellence.

Philanthropy

Information on specific philanthropy amounts is not readily available. However, Xu Wanmao has consistently emphasized the importance of knowledge and learning, allocating resources to educational ventures.

Career Timeline

1988

Founded Huamao Group

Established Huamao Group, a company that would become a significant player in China's service industry.

Philanthropic Impact

EducationUnknown

Education Initiatives

Supports educational ventures and the development of talent and innovation.

Wealth Trajectory