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Billionaire Profile
Cao Renxian
Global Rank
#159

Image: Public domain | via Wikimedia Commons

Cao Renxian

CEO, Sungrow Power Supply
CN
Real-Time Net Worth
$16.16B
As of December 2025
Age
57
Source
Photovoltaic equipment
Industry
energy
Citizenship
CN

Biography

Cao Renxian is a prominent figure in the renewable energy sector, best known as the chairman and CEO of Sungrow Power Supply. Born in Hangzhou, China, he earned advanced degrees in industrial automation from Hefei University of Technology. In 1997, he founded Sungrow, which has since become a global leader in providing solar photovoltaic (PV) inverters, wind power converters, and energy storage systems. His dedication to innovation and a sustainable future has propelled Sungrow to operate in over 170 countries, making a significant impact on the global shift toward clean energy. Cao's estimated net worth is $16.16 billion, reflecting his success in the energy industry.

Wealth Over Time

In-Depth Profile

Early Life

Cao Renxian was born in Hangzhou, China, in 1968. He came from an impoverished rural family. Despite the early hardships, Cao was driven to succeed through education. He pursued bachelor's and master's degrees in industrial automation at the Hefei University of Technology.

Rise to Success

Cao identified opportunities in the renewable energy market, which led him to found Sungrow in 1997 while he was teaching at Hefei University of Technology. Sungrow produces renewable energy products, including solar photovoltaic (PV) inverters, wind power converters, and energy storage systems. Sungrow has expanded its operations globally, including the Middle East, Southeast Asia, and the U.S..

Key Business Strategies

Sungrow has focused on technological innovation, which has driven its success. The company has a strong R&D team and holds over 3,500 patents. Cao emphasized that enterprises should invest in innovation and focus on their primary business. Sungrow has also been recognized for its efforts in ESG (Environmental, Social, and Governance).

Philanthropy

Cao is committed to clean energy and is an advocate for the development of the national clean energy industry.

Career Milestones

1993

Earned PhD

Graduated from Hefei University of Technology.

1997

Founded Sungrow

Established Sungrow Power Supply Co., Ltd.

2011

Sungrow Listed

Sungrow Power Supply Co Ltd was listed on the Shenzhen Stock Exchange.

Philanthropy & Social Impact

Environmental

Clean Energy Initiatives

Not available

Supports the development of the national clean energy industry.

Business Philosophy & Leadership

Notable Quotes

"Enterprises should be more innovative in carbon reduction and elimination."

Leadership Principles

Innovation

Prioritizing technological innovation to drive the clean energy transition.

Sustainability

Fostering a corporate culture that values sustainability, employee development, and social responsibility.