Billionaire Profile
Qiu Jianping & family
Global Rank
#886

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Qiu Jianping & family

CEO, Hand tools
CHINA
Real-Time Net Worth
$4.864B
Estimated based on Hand tools stock value as of April 21, 2026
+0.36% (24h)
Age
64
Source
Hand tools
Industry
Manufacturing
Citizenship
CHINA

Biography

Qiu Jianping, the chairman of Hangzhou GreatStar Industrial, is a self-made billionaire renowned for his leadership in the hand tool manufacturing industry. Born in 1962, Qiu founded GreatStar Holding Group in 1993 after leaving a state-owned company. Today, the group has interests in tires, forklifts, diesel engines, and robotics. As of March 24, 2026, his net worth is estimated at $4.5 billion, placing him among the world's wealthiest individuals. Qiu's career highlights his commitment to independent innovation and enterprise transformation, with a focus on smart logistics and advanced manufacturing techniques.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Qiu Jianping was born in 1962. After graduating with a master's degree, Qiu began his career in 1985 at a state-owned company. Dissatisfied with his wage, he ventured into entrepreneurship at the age of 30, marking the beginning of his successful career.

Rise to Success

In 1993, Qiu founded GreatStar Holding Group. The company has grown to be one of Asia's largest hand tool manufacturers. Qiu’s strategic vision extended beyond hand tools; he acquired Hangcha Group, a major forklift truck maker. Hangcha's IPO in 2016 further boosted Qiu's wealth. His commitment to innovation and expansion, including investment in new technologies and global partnerships, has been central to his achievements.

Key Business Strategies

Qiu's business strategies focus on independent innovation and market expansion. He has consistently promoted the transformation and upgrading of enterprises, diversifying into tires, forklifts, diesel engines, and robotics. His focus on smart logistics and investment in advanced manufacturing has contributed to his success.

Philanthropy

In 2021, Qiu donated $40.31 million to the Xiamen University Educational Development Foundation to support the construction of disciplines in the School of Chemistry and Engineering, the School of Public Health, and the School of Life Sciences, as well as the development of the school's educational endeavors. This donation placed him high on the lists for total giving and generosity.

Career Milestones

1993

Founded GreatStar Holding Group

Founded GreatStar Holding Group, which became one of Asia's largest hand tool manufacturers.

2011

Invested in Hangcha Group

Acquired Hangcha Group, a forklift truck maker.

2016

Hangcha Group IPO

Hangcha Group went public on the Shanghai Stock Exchange.

2025

Zhongce Rubber Group went public

GreatStar's subsidiary Zhongce Rubber Group, China's largest tire maker by sales, went public on the Shanghai Stock Exchange.

Philanthropy & Social Impact

Education

Xiamen University Educational Development Foundation Donation

$40.31M

Donated to support the construction of disciplines in the School of Chemistry and Engineering, the School of Public Health, and the School of Life Sciences, as well as the development of the school's educational endeavors.