Billionaire Profile
Tong Yongsheng & family
Global Rank
#2558

Image: Public domain | via Wikimedia Commons

Tong Yongsheng & family

CEO, Shenzhen Megmeet Electrical
CN
Real-Time Net Worth
$1.4B
As of December 2025
Age
60
Source
electrical equipment
Industry
manufacturing
Citizenship
CN

Biography

Tong Yongsheng, a Chinese billionaire, leads Shenzhen Megmeet Electrical, a company specializing in power electronics and automation control. His wealth stems from his leadership and significant shareholdings in the company, which has become a renowned domestic supplier in various sectors, including smart home appliances and green energy components. Tong, aged 60 in 2025, holds a Postdoctoral Fellow in Power Electronics from Zhejiang University. He has transformed Megmeet into a profitable enterprise, solidifying his position in the electrical equipment industry. His family's stake in the company and strategic investments have contributed to his estimated net worth of $1.4 billion.

Wealth Over Time

In-Depth Profile

Early Life

Information regarding Tong Yongsheng's early life and education is limited. However, it is known that he holds a Postdoctoral Fellow in Power Electronics from Zhejiang University.

Rise to Success

Tong Yongsheng's career began before his leadership at Shenzhen Megmeet Electrical. He worked for Huawei from 1996 to 2001 and later at Emerson. He assumed leadership of Megmeet in 2005, a time when the company faced financial challenges. Since then, he has served continuously as Chairman and CEO, transforming the company into a profitable enterprise. The company established itself as a renowned domestic supplier across multiple sectors, including smart home appliance, power supply products, and green energy & rail transit components.

Key Business Strategies

Under Tong's leadership, Shenzhen Megmeet Electrical has focused on energy conversion technologies and established itself as a key supplier. In 2024, the company participated in designing NVIDIA's Blackwell GB200 system, showcasing its technological capabilities. The company has also invested in R&D centers in the US and Germany, with plans for manufacturing facilities in Thailand, India, and the US. These strategies highlight an emphasis on innovation and global expansion.

Philanthropy

Specific philanthropy amounts are unavailable, but the company's growth and success indicate a capacity for philanthropic endeavors within the electrical equipment industry.

Career Milestones

2005

CEO of Megmeet

Took over leadership of Shenzhen Megmeet Electrical, transforming the company into a profitable enterprise.

2024

NVIDIA Collaboration

Participated in the design of NVIDIA's Blackwell GB200 system.