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LeaderPortfolio
Billionaire Profile
Fang Hongbo
Global Rank
#2380

Image: Midea Group | CC BY-SA 4.0 | via Wikimedia Commons

Fang Hongbo

CEO, Home appliances
CHINA
Real-Time Net Worth
$1.738B
Estimated based on Home appliances stock value as of April 20, 2026
+0.93% (24h)
Age
59
Source
Home appliances
Industry
Manufacturing
Citizenship
CHINA

Biography

Fang Hongbo is the Chairman and President of Midea Group, a global leader in home appliances. His career, starting in Midea's marketing department in 1992, has seen him rise through the ranks, holding key positions such as General Manager of the Air Conditioning Business Department, and President of Midea Refrigeration Electric Appliances Group. Under his leadership, Midea has transformed into the world's largest producer of major appliances, driving innovation, global market expansion, and a commitment to sustainable growth. His net worth reflects his success and significant stake in the publicly traded company.

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

Wealth Over Time

In-Depth Profile

Early Life

Fang Hongbo was born in China and joined Midea Group in 1992, commencing his career in the Marketing Department. Details about his early life and childhood are not publicly available.

Rise to Success

Fang Hongbo's career trajectory within Midea Group has been marked by significant milestones. He held key leadership positions, including General Manager of the Air Conditioning Business Department, and President of Midea Refrigeration Electric Appliances Group. In 2013, Fang succeeded He Xiangjian, the founder of Midea, as Chairman and President of Midea Group Co., Ltd. (000333.SZ).

Key Business Strategies

Under Fang's leadership, Midea Group has pursued aggressive global expansion and a transformation from a traditional appliance maker into a high-tech industrial powerhouse. This has involved strategic acquisitions, such as the purchase of KUKA, the German robotics company. Midea has also focused on innovation, driving the development of cutting-edge technologies and products while expanding its global reach to over 200 countries. Fang has also placed an emphasis on operational excellence and sustainability.

Philanthropy

While specific philanthropic amounts are not readily available, Midea Group demonstrates a commitment to social responsibility, with initiatives focusing on environmental sustainability and community engagement. Midea has also invested heavily in R&D.

Career Milestones

1992

Joined Midea Group

Began his career in the Marketing Department.

Promoted

General Manager

General Manager of Midea's Air Conditioning Business Department.

Leadership Roles

President

President of Midea Refrigeration Electric Appliances Group.

2013

Chairman and President

Appointed as Chairman and President of Midea Group Co., Ltd.

Philanthropy & Social Impact

Environmental sustainability and community engagement

Not specified

Undisclosed

Midea Group demonstrates a commitment to social responsibility, with initiatives focusing on environmental sustainability and community engagement.

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