BillionaireNet
family
Z
Rank #1657
CHINAManufacturingSolar panel materials

Zhu Gongshan & family

Net Worth
$2.369B
-0.09% (24h)
Zhu Gongshan, a prominent figure in the solar energy industry, chairs GCL-Poly Energy Holdings, a leading producer of polysilicon used in solar panels. Born in 1958, Zhu has made significant contributions to the renewable energy sector, earning him the titles of "China's King of New Energy" and "World's Silicon King". With an estimated net worth of $2.4 billion as of late 2024, Zhu Gongshan's wealth stems primarily from his involvement in the solar panel materials industry. His career includes founding GCL Group, which has grown into a global enterprise with diverse renewable energy solutions. Zhu is also active in business groups such as the Global Green Energy Council and the Asian Photovoltaic Industry Association.

The Full Dossier

Early Life

Zhu Gongshan was born in February 1958, in Donggou, Funing County, Jiangsu Province, China. He is a descendant of the old Red Army and was the third child in his family. Zhu graduated from Nanjing Electric Power College (now Nanjing Institute of Technology) in 1981 with a diploma in electrical automation. His early career involved various jobs, including sales, before he ventured into entrepreneurship.

Rise to Success

Zhu Gongshan's journey to wealth began with the founding of GCL Group in 1990 in Hong Kong. He later established Xinhai Kang GCL Thermal Power Co., Ltd. in 1996, which developed multiple power plants. However, his significant impact came when he entered the photovoltaic industry in 2006, focusing on polysilicon production, the raw material for solar panels. This move led to the establishment of Jiangsu Zhongneng Silicon Technology Development Co., Ltd. GCL-Poly, run by Zhu Gongshan, became a leading polysilicon and silicon wafer producer globally.

Key Business Strategies

Zhu Gongshan’s success is attributed to several key strategies. He vertically integrated GCL Group, establishing a complete industry chain. His company focused on technological innovation and digital empowerment, driving breakthroughs in silicon, lithium, and carbon materials. Zhu expanded GCL's business portfolio to include wind power, energy storage, and hydrogen energy, offering comprehensive energy products and services worldwide. He also strategically listed subsidiaries on the Hong Kong Stock Exchange.

Philanthropy

Through the GCL Sunshine Charity Foundation, Zhu Gongshan has launched over 100 initiatives in environmental protection, poverty alleviation, and disaster relief.

Career Timeline

2007

Listed GCL-Poly on Hong Kong Stock Exchange

Took GCL-Poly Energy Holdings Co., Ltd. public.

2006

Entered the Photovoltaic Industry

Ventured into the polysilicon raw material industry, establishing Jiangsu Zhongneng Silicon Technology Development Co., Ltd..

1996

Founded Xinhai Kang GCL Thermal Power Co., Ltd.

Formed the company in partnership with Xinhai Kanghang Industry, which subsequently developed several power plants.

1990

Founded GCL Group

Established GCL Group in Hong Kong, marking his initial venture into business.

Philanthropic Impact

Social WelfareUndisclosed

GCL Sunshine Charity Foundation

Launched initiatives in environmental protection, poverty alleviation, orphan care, disability support, education, and disaster relief.

Wealth Trajectory