Wang Chaobin

CEO, Zhonglu Group

Real-Time Net Worth

$1.7B

As of December 2025

Age

Source

Real estate

Industry

real-estate

Citizenship

Biography

Wang Chaobin, a prominent figure in China's real estate sector, is the chairman of the Zhonglu Group. With a net worth of $1.7 billion as of December 4, 2025, Wang's wealth stems primarily from his significant real estate holdings. His career, spanning nearly four decades, has been marked by numerous achievements, including pioneering minibus transportation and establishing residential communities for overseas returnees. Wang is recognized as a symbol of China's entrepreneurial growth, demonstrating consistent leadership and vision in the industry.

Wealth Over Time

In-Depth Profile

Early Life

Details regarding Wang Chaobin's early life and education are not widely available in the provided search results.

Rise to Success

Wang Chaobin's career took off in the 1980s when he became a pioneer of China's first generation of minibus transportation. He established residential communities for returnees from Hong Kong, Macau, and Taiwan, which launched his real estate career. These initiatives helped ease urban transportation pressure and improved daily mobility for many people.

Key Business Strategies

Wang Chaobin chairs the Zhonglu Group, one of the largest non-government real estate owners in Zhengzhou. He founded China's first privately-owned real estate development company. Over the decades, Wang's companies have consistently paid substantial taxes each year.

Philanthropy

The Wang Chaobin Charitable Foundation in Zhengzhou provides financial support for disaster relief, cultural exchanges, education, and other fields.

Career Milestones

1980s

Pioneer of Minibus Transportation

Pioneered China's first generation of minibus transportation.

1980s

Founder of the first private real estate company

Founded China's first privately-owned real estate development company.

1992

SanBao Economic Development Zone

Built China's first privately-owned SanBao Economic Development Zone.

Philanthropy & Social Impact

Charity

Wang Chaobin Charitable Foundation

Information unavailable

Provides financial support for disaster relief, cultural exchanges, and education

Business Philosophy & Leadership

Notable Quotes

"“Cooperation between China and the United States is the best choice for both countries.”"

Leadership Principles

Law and Gratitude

Entrepreneurs must operate according to the law and act with gratitude.