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Billionaire Profile
Cao Renxian
Global Rank
#245

Image: Unsplash Contributor | Unsplash License | via Unsplash

Cao Renxian

CEO, Photovoltaic equipment
CHINA
Real-Time Net Worth
$12.735B
Estimated based on Photovoltaic equipment stock value as of April 20, 2026
+1.81% (24h)
Age
57
Source
Photovoltaic equipment
Industry
Energy
Citizenship
CHINA

Biography

Cao Renxian, the chairman and CEO of Sungrow Power Supply, is a prominent figure in the renewable energy sector. Born in Hangzhou, China, in 1967, Cao's journey began with degrees in industrial automation from Hefei University of Technology. He founded Sungrow in 1997, capitalizing on the emerging opportunities in photovoltaic equipment and energy storage. His career has been marked by pioneering achievements in the field, establishing Sungrow as a global leader in solar inverters and energy storage systems. Cao's net worth is estimated at $15.0 billion. Sungrow's commitment to sustainability and innovation has been instrumental in his success.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Cao Renxian was born in Hangzhou, China, and grew up in a rural family. He excelled academically, gaining direct entry to graduate school. He earned a bachelor's and master's degree in industrial automation from Hefei University of Technology.

Rise to Success

Cao founded Sungrow in 1997, recognizing the potential of renewable energy. Sungrow initially focused on PV inverters. Over time, the company expanded its product portfolio to include energy storage systems, wind power converters, and electric vehicle driving systems. A turning point came in 2002 when Sungrow participated in a government project to electrify remote villages. In 2011, Sungrow went public on the Shenzhen Stock Exchange.

Key Business Strategies

Sungrow's success is attributed to Cao's strategic vision and timely decisions. The company expanded into energy storage in 2015, anticipating the AI boom. This forward-thinking move positioned Sungrow well in the market. Another key strategy was overseas expansion.

Philanthropy

Sungrow has supported charitable initiatives. The company's philanthropic commitments exceed RMB 86 million supporting nearly 1,000 students through the Sun Bridge program.

Career Milestones

1993

University Professor

Began teaching at Hefei University of Technology.

1997

Founded Sungrow

Established Sungrow Power Supply Co., Ltd.

2002

Government Project Participation

Sungrow participated in a project to bring electricity to remote villages.

2011

IPO

Sungrow became a listed company on the Shenzhen Stock Exchange.

2015

Entry into Energy Storage

Sungrow expanded into the energy storage market.

Philanthropy & Social Impact

Education

Sun Bridge program

Information unavailable.

Supporting nearly 1,000 students

Business Philosophy & Leadership

Notable Quotes

""Timing is crucial. Starting too early risks failing just before dawn, but entering too late may leave no room at all.”"

"“Clean energy is the future of power,”"

Leadership Principles

Commitment to Innovation

Sungrow has the industry's largest R&D team and focuses on technical advancements.

Strategic Foresight

Cao Renxian's early focus on energy storage positioned Sungrow well for future growth.

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