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LeaderPortfolio
Billionaire Profile
Ruan Xueping
Global Rank
#780

Image: Public domain | via Wikimedia Commons

Ruan Xueping

CEO, Goneo Group
HK
Real-Time Net Worth
$5.14B
As of December 2025
Age
53
Source
Power strip
Industry
manufacturing
Citizenship
HK

Biography

Ruan Xueping, a 53-year-old Hong Kong citizen, is a self-made billionaire with a current net worth of $5.14 billion. He holds the 780th position globally among billionaires and is ranked 18th in Hong Kong. His primary source of wealth stems from the manufacturing industry, specifically the power strip business. Ruan co-founded the Goneo Group (formerly Gongniu Group) with his elder brother, Ruan Liping, in 1995. Ruan is the vice chairman of the Shanghai-listed power strip supplier Goneo Group.

Wealth Over Time

In-Depth Profile

Early Life

Ruan Xueping, along with his elder brother Ruan Liping, co-founded the Gongniu Group (now Goneo Group) in 1995. Before that, Ruan worked in a local mechanical factory. They both hold Hong Kong citizenship.

Rise to Success

Ruan Xueping's success is tied to Goneo Group, a leading power strip supplier. The company went public on the Shanghai Stock Exchange in 2020. The company changed its name from Gongniu Group to Goneo in 2023. His experience as a power strip salesman early in his career influenced his business ventures.

Key Business Strategies

Ruan and his brother focused on product engineering, attention to materials, and distribution. They expanded their product line into charging adapters, LED lighting, digital accessories, and electric vehicle charging piles.

Philanthropy

Specific philanthropy amounts are not readily available in the search results.

Career Milestones

1995

Co-founded Gongniu Group

Founded the company with his brother Ruan Liping, which later became Goneo Group.

2020

Gongniu Group IPO

The company went public on the Shanghai Stock Exchange.

Philanthropy & Social Impact

Information not available

Information not available

Undisclosed

Information not available

Business Philosophy & Leadership

Notable Quotes

"Information not available"

Leadership Principles

Focus on Product Engineering

Prioritize the quality and safety of the product.

Treat Regulation as Allies

Participate in setting standards to create an entry barrier.

Scale through Distribution

Build relationships with those who touch the product and establish a solid distribution network.

Controversies & Challenges

2019

Patent Infringement Lawsuit

Gongniu Group faced a lawsuit for alleged patent infringement.

2021

Anti-Monopoly Investigation and Fine

Gongniu Group was investigated for anti-monopoly practices and fined 295 million yuan.

2021

False Propaganda Accusations

Flagship stores faced accusations of false propaganda.

2021-2022

Product Safety Issues

Incidents of spontaneous combustion and explosion of power strips and sockets raised concerns.