BillionaireNet
Congyuan
Zhang Congyuan
Rank #363
TAIWANFashion & RetailShoes

Zhang Congyuan

Net Worth
$9.162B
-1.56% (24h)
Zhang Congyuan, born in 1948, is a Taiwanese billionaire and businessman, widely recognized as the 'Shoe King' of Taiwan. He is the founder of Huali Industrial Group, a leading global footwear manufacturer. His source of wealth stems from his substantial stake in Huali, which produces over 200 million pairs of shoes annually for major brands like Nike, Puma, UGG, and Vans. Zhang's career began in a women's shoe factory, later evolving into his own sneaker manufacturing business in the 1980s. He transformed the global footwear supply chain by establishing large-scale production facilities in multiple countries. As of 2024, his estimated net worth is $9.5 billion.

The Full Dossier

Early Life

Zhang Congyuan was born in 1948 in rural Taiwan into a farming family. After completing his education at a junior agricultural college, he started his career in a women's shoe factory, gaining valuable experience in the footwear industry.

Rise to Success

Motivated by an entrepreneurial spirit, Zhang established his own sneaker manufacturing business in the 1980s. Initially, financial constraints led him to set up his first factory on rented land within a pig farm, demonstrating resourcefulness and determination. Recognizing the potential for growth, Zhang expanded his operations beyond Taiwan, establishing factories in Guangdong, China, and later in Vietnam.

Key Business Strategies

In 2004, Zhang founded Huali Industrial Group Co., Ltd., which has since become one of the world's leading sports footwear manufacturers. Under his leadership, Huali has grown to operate factories in China, Indonesia, Vietnam, Dominica, and Myanmar, producing over 200 million pairs of shoes annually. Huali's client portfolio includes collaborations with renowned global brands such as Nike, Puma, UGG, Vans, Converse, and Under Armour. Zhang's strategic vision and commitment to excellence have propelled Huali to international prominence, establishing him as a key player in the global footwear market.

Philanthropy

Information about Zhang Congyuan's specific philanthropic activities and amounts is limited, reflecting his preference for a low profile.

Career Timeline

2021

Richest Person in Taiwan

Ranked as the richest person in Taiwan.

2004

Founded Huali Industrial Group

Founded Huali Industrial Group Co., Ltd..

1980s

Founded Sneaker Business

Established his own sneaker manufacturing business.

1948

Birth

Born in a farming family in Taiwan.

Wealth Trajectory