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LeaderPortfolio
Billionaire Profile
Wang Linpeng
Global Rank
#2485

Image: Public domain | via Wikimedia Commons

Wang Linpeng

CEO, Easyhome New Retail Group
CN
Real-Time Net Worth
$1.5B
As of December 2025
Age
57
Source
Furniture retailing
Industry
construction-engineering
Citizenship
CN

Biography

Wang Linpeng (born 1968) was a prominent figure in China's home furnishing industry, known as the former richest person in Hubei province. His source of wealth stemmed from Furniture retailing. He founded Easyhome New Retail Group in 1990, later serving as its Chairman and CEO. Wang's career saw him lead Easyhome through significant growth, expanding it into a leading national commercial chain. His net worth was estimated at $1.7 billion, and he was ranked 2,485 on the Forbes Billionaires list. Tragically, Wang died by suicide in July 2025 at the age of 57, days after being released from detention related to an anti-corruption probe.

Wealth Over Time

In-Depth Profile

Early Life

Wang Linpeng was born in 1968. Information regarding his early life and education is limited in the available sources.

Rise to Success

Wang Linpeng's career began in the commercial sector. From 1990 to 2001, he worked within the Ministry of Commerce Finance and Accounting Department, China Commercial Corporation, and National Huilian Commercial Building Co., Ltd. In 1999, he became the president of Beijing Juyuanzhijia Investment Holding Group Co., Ltd. This role marked a pivotal step in his career, eventually leading him to lead the Easyhome New Retail Group. Under his management, Easyhome expanded rapidly.

Key Business Strategies

Wang Linpeng was instrumental in transforming Easyhome into a leading player in the home furnishing retail sector. In 2003, Easyhome established a decoration company, a building materials supermarket, and chain stores, implementing a direct-selling plus chain business model. In 2005, the company began its national expansion. His leadership saw the company attract significant investment, including approximately $2 billion from a group that included Alibaba in 2018.

Philanthropy

Specific details regarding Wang Linpeng's philanthropic activities are unavailable in the provided search results.

Career Milestones

1990

Founded Easyhome New Retail Group

Founded Easyhome New Retail Group, a home furnishing retailer.

1999

President of Beijing Juyuanzhijia Investment Holding Group Co., Ltd.

Became president of Beijing Juyuanzhijia Investment Holding Group Co., Ltd.

2001

Acquired Key Shareholding

Wang acquired key shareholding in Easyhome

2015

Became Chairman of Beijing Easyhome Investment Holding Group Co., Ltd.

Became Chairman of Beijing Easyhome Investment Holding Group Co., Ltd.

2019

Backdoor Listing

Easyhome went public through a backdoor listing.

2025

Detention and Death

Wang Linpeng was detained in April 2025, released in July 2025, and died by suicide on July 27, 2025.

Controversies & Challenges

2025

Detention and Investigation

Wang was detained in April 2025, sparking market concern; the specific reasons remain unclear.

2019

Backdoor Listing Concerns

Concerns arose surrounding the backdoor listing of Easyhome, with potential irregularities in operations.