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Billionaire Profile
M
Global Rank
#851

Image: August von Kotzebue | Public domain | via Wikimedia Commons

Miao Hangen

CEO, Textiles
CHINA
Real-Time Net Worth
$4.934B
Estimated based on Textiles stock value as of March 6, 2026
-3.94% (24h)
Age
60
Source
Textiles, petrochemicals, Self Made
Industry
Fashion & Retail
Citizenship
CHINA

Biography

Miao Hangen is a prominent Chinese entrepreneur, currently ranked #1072 on Forbes' 2025 Billionaires list. Born in 1965, he is the Chairman of Eastern Shenghong, a Shenzhen-listed company specializing in petrochemicals and new materials. His primary source of wealth stems from his ventures in textiles and petrochemicals, making him a self-made billionaire. Miao Hangen's leadership extends to Shenghong Holding Group, a conglomerate with interests in textiles, new energy, and cutting-edge materials. His career began with Shenghong Group in 1992, with the group breaking ground on a $4.2 billion plant for energy storage system batteries in Zhangjiagang, Jiangsu in July 2023. His achievements include leading Shenghong Group to become an innovative high-tech company recognized for its contributions to the petrochemical, textile, and energy sectors.

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

Wealth Over Time

In-Depth Profile

Early Life

Miao Hangen was born in 1965. In 1992, he took over the Shenghong sand washing plant, which later became Shenghong Group.

Rise to Success

Miao Hangen is the Chairman of Eastern Shenghong, a key player in the petrochemical and new material sectors. Eastern Shenghong is a subsidiary of Shenghong Group, a conglomerate with a diverse portfolio, including textiles and new energy. The group's success is attributed to Miao Hangen's strategic vision and ability to adapt to market changes. In July 2023, Shenghong Group began construction of a $4.2 billion plant for energy storage system (ESS) batteries in Zhangjiagang, Jiangsu, demonstrating its commitment to renewable energy.

Key Business Strategies

Miao Hangen emphasizes long-term thinking and sustainability. He aligns business objectives with societal and environmental priorities. He has driven the company towards innovation, leveraging technology to enhance capabilities and competitiveness. Shenghong Group focuses on petrochemical products and new materials to meet the growing demand for sustainable industrial solutions.

Philanthropy

Specific philanthropy amounts could not be found with the current search. However, Miao Hangen's leadership emphasizes aligning business objectives with societal and environmental priorities.

Career Milestones

1992

Took over Shenghong sand washing plant

Began his career by taking over the Shenghong sand washing plant, the foundation of the Shenghong Group.

2023

Opened a $4.2 billion plant for energy storage system batteries

Shenghong Group broke ground on a $4.2 billion plant for energy storage system (ESS) batteries in Zhangjiagang, Jiangsu.

Philanthropy & Social Impact

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Business Philosophy & Leadership

Notable Quotes

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Leadership Principles

Long-term thinking

Emphasizes aligning business objectives with societal and environmental priorities.

Commitment to sustainability

Focuses on sectors that have a positive impact on the environment and society.

Technological Innovation

Leveraging technology to enhance capabilities and competitiveness.

Controversies & Challenges

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