Billionaire Profile
Chen Xuehua
Global Rank
#2265

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Chen Xuehua

CEO, Minerals processing
CHINA
Real-Time Net Worth
$1.759B
Estimated based on Minerals processing stock value as of March 6, 2026
-2.5% (24h)
Age
65
Source
Minerals processing
Industry
Metals & Mining
Citizenship
CHINA

Biography

Chen Xuehua, a prominent figure in China's minerals processing industry, currently serves as the Chairman of Zhejiang Huayou Cobalt Co., Ltd. His estimated net worth is $8.3 billion as of January 21, 2026. Chen's career has been marked by his leadership at Huayou Cobalt, one of the largest mining-related businesses in China, a key supplier of cobalt and nickel products to the EV industry. Chen has also been recognized for his philanthropy, earning the title of "2024 Outstanding Individual" by the Zhejiang Charity Federation for his contributions.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Details about Chen Xuehua's early life and education are limited in the available sources. However, it is known that he graduated from Huazhong Agricultural University with a major in aquaculture in 1992.

Rise to Success

Chen Xuehua's rise to success is closely tied to his role as the Chairman of Zhejiang Huayou Cobalt Co., Ltd. Founded in 2002, the company has grown to become a significant player in the new energy lithium battery material industry, spanning resource development, refining, manufacturing, and recycling. Chen has spearheaded the company's strategic initiatives, including the expansion of its operations and the adoption of ESG practices.

Key Business Strategies

Chen Xuehua has focused on product and cost leadership, emphasizing technological innovation. Under his leadership, Huayou Cobalt has invested heavily in R&D, securing numerous patents and standards. The company has also expanded internationally, establishing operations in Indonesia and creating over 35,000 jobs in "Belt and Road" countries. In 2024, Huayou Cobalt's revenue exceeded RMB 60.946 billion.

Philanthropy

Chen Xuehua is actively involved in philanthropy, founding the "Huayou Holding Charity and Common Prosperity Foundation," which supports education, poverty alleviation, and rural revitalization. In 2024, the foundation's charitable investments reached RMB 69.2516 million.

Career Milestones

2002

Founder and Chairman

Founded Huayou Cobalt.

2021

Acquisition

Acquired additional shares in Zhejiang Huayou Cobalt Co., Ltd.

2024

Outstanding Individual

Awarded the title of "2024 Outstanding Individual" by the Zhejiang Charity Federation.

Philanthropy & Social Impact

Philanthropy

Huayou Holding Charity and Common Prosperity Foundation

$69.3M

Supports education, poverty alleviation, and rural revitalization.

Business Philosophy & Leadership

Leadership Principles

Technological Innovation

Focus on scientific and technological innovation to improve R&D, production, and product quality control.

ESG Practices

Commitment to environmental, social, and governance practices.

Shared Prosperity

Create over 35,000 jobs in "Belt and Road" countries, fulfilling the mission of shared prosperity through industrial strength.