LeaderPortfolio
family
Zheng Shuliang & family
Rank #61
CHINAMetals & MiningAluminum products

Zheng Shuliang & family

Net Worth
$33.164B
0% (24h)
Zheng Shuliang, the vice chairman of China Hongqiao Group, has built a legacy in the aluminum industry. His family's wealth, estimated at $36.98 billion, stems from their involvement in aluminum production. Zheng's career has been marked by his pivotal role in developing China Hongqiao Group, one of the world's largest aluminum producers. His family's achievements are notable, with key members involved in the management and expansion of the family-owned enterprises. The family's commitment to excellence and its contributions to environmental causes, has earned them respect and a reputation as responsible business leaders in China. His understated approach to public life is a stark contrast to the typical image of a billionaire.

The Full Dossier

Early Life

Zheng Shuliang's early life in China was marked by ambition. Growing up during the country's rapid economic transformation, he recognized the potential in various sectors, including real estate and, most notably, aluminum production.

Rise to Success

Zheng Shuliang's success is deeply intertwined with China Hongqiao Group. Zhang Shiping, Zheng Shuliang's late husband, founded the company in 1994, transforming it into a major global aluminum producer. Zheng Shuliang, as Vice Chairman, played a crucial role in its growth and expansion. Zheng Shuliang's son, Zhang Bo, is the chairman and CEO of Hong Kong-listed Hongqiao. His daughter, Zhang Hongxia, chairs Weiqiao Textile, which was taken private from the Hong Kong Stock Exchange in 2024.

Key Business Strategies

The success of the Zheng family is rooted in vertical integration, controlling costs, and achieving large-scale production within the aluminum industry. They have also strategically diversified operations to include alumina production, downstream aluminum processing, and lightweight innovation projects.

Philanthropy

Zheng Shuliang's philanthropic efforts reflect his belief in giving back to the community and supporting initiatives that promote social well-being. The family has supported educational programs, scholarships, and medical facilities, and they have also been involved in environmental conservation efforts.

Career Timeline

2024

Weiqiao Textile taken private

Her daughter, Zhang Hongxia, saw Weiqiao Textile taken private from the Hong Kong Stock Exchange

2019

Death of Zhang Shiping

Her husband passed away, and Zhang Bo assumed the role of Chairman at China Hongqiao.

2006

Shift to Aluminum Production

The company shifted its focus to aluminum production.

1994

Foundation of Shandong Hongqiao

Zheng's late husband, Zhang Shiping, founded the company, which later became China Hongqiao Group.

Philanthropic Impact

EducationUnknown

Educational Programs and Scholarships

The family has funded numerous educational programs and scholarships.

HealthcareUnknown

Medical Facilities

The family has supported medical facilities.

EnvironmentalUnknown

Environmental Conservation

Zheng has supported programs aimed at protecting the environment.

Wealth Trajectory