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Billionaire Profile
Ruan Xueping
Global Rank
#803

Image: Unsplash Contributor | Unsplash License | via Unsplash

Ruan Xueping

CEO, Power strip
HONG KONG
Real-Time Net Worth
$5.235B
Estimated based on Power strip stock value as of March 6, 2026
+0.3% (24h)
Age
54
Source
Power strip
Industry
Manufacturing
Citizenship
HONG KONG

Biography

Ruan Xueping, a Hong Kong citizen born in 1972, is the Vice Chairman of Goneo Group, a leading power strip supplier. His estimated net worth is $5.08 billion, ranking him among the world's wealthiest individuals. Ruan co-founded Gongniu Group, the precursor to Goneo Group, in 1995 with his brother Ruan Liping. His success stems from the manufacturing industry, specifically power strips, and his company's evolution reflects his dedication to innovation and quality. He is also recognized for his commitment to sustainability and social responsibility.

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

Wealth Over Time

In-Depth Profile

Early Life

Ruan Xueping, born in 1972, co-founded the Gongniu Group (later known as Goneo Group) in 1995 with his elder brother, Ruan Liping. Both brothers are Hong Kong citizens.

Rise to Success

Ruan Xueping's main source of wealth comes from the power strip manufacturing industry. The Gongniu Group went public on the Shanghai Stock Exchange in February 2020. Ruan serves as the Vice Chairman of Goneo Group, a Shanghai-listed power strip supplier.

Key Business Strategies

Goneo Group, which was previously known as Gongniu Group, changed its English name to Goneo in 2023. Goneo Group reported revenue of $2.1 billion in 2022. The company has over 1.1 million sales outlets across China.

Philanthropy

Information regarding Ruan Xueping's specific philanthropy amounts could not be found with the search queries. Ruan is committed to sustainability and social responsibility.

Career Milestones

1995

Co-founded Gongniu Group

Co-founded the company that would later become Goneo Group with his brother Ruan Liping.

2020

Gongniu Group IPO

Gongniu Group went public on the Shanghai Stock Exchange.

2023

Company Name Change

Gongniu Group changed its English name to Goneo Group.

Philanthropy & Social Impact

Environmental

Sustainability Initiatives

Undisclosed

Committed to sustainability and social responsibility.

Business Philosophy & Leadership

Notable Quotes

"No notable quotes were found."

Leadership Principles

Focus on product engineering

The company focuses on product engineering.

Attention to materials

The company pays attention to materials.

Distribution muscle

The company has strong distribution.

Controversies & Challenges

2019

Patent Rights Infringement

Gongniu Group was sued for alleged patent rights infringement.

2021

Anti-monopoly investigation and fine

Gongniu Group was subject to an anti-monopoly investigation and fined 295 million yuan.

2021

False propaganda accusations

Gongniu Group's flagship stores faced accusations of false propaganda.

2021

Power strip combustion

A power strip produced by Gongniu Group spontaneously combusted.

2022

Socket explosion

A socket made by Gongniu Group exploded after about a month of usage.

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