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Billionaire Profile
Wang Shuifu
Global Rank
#2291

Image: Unsplash Contributor | Unsplash License | via Unsplash

Wang Shuifu

CEO, Manufacturing
CHINA
Real-Time Net Worth
$1.717B
Estimated based on Manufacturing stock value as of March 6, 2026
+0.21% (24h)
Age
70
Source
Manufacturing
Industry
Manufacturing
Citizenship
CHINA

Biography

Wang Shuifu, born in 1955, is a Chinese billionaire and the chairman of Xizi Clean Energy Equipment Manufacturing Co., Ltd.. His journey began in 1970 when he started his career selling agricultural machinery. Wang chairs Xizi Clean Energy Equipment, which was previously known as Hangzhou Boiler Group. He is a self-made billionaire. As of April 1, 2025, Forbes estimates his net worth to be $1.5 billion. Wang's wealth is primarily sourced from his involvement in the manufacturing industry. He currently resides in Hangzhou, China.

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

Wealth Over Time

In-Depth Profile

Early Life and Career

Wang Shuifu, born in 1955, embarked on his career in 1970 by selling agricultural machinery. He later became the chairman of Xizi Clean Energy Equipment Manufacturing Co., Ltd., formerly known as Hangzhou Boiler Group. Xizi Clean Energy Equipment Manufacturing Co., Ltd. was founded in 1955 and is headquartered in Hangzhou, China.

Rise to Success

Wang's success is rooted in the manufacturing sector, specifically within the equipment manufacturing industry. His leadership at Xizi Clean Energy has been a key factor in his accumulation of wealth. Wang Shuifu's net worth is estimated at $1.5 billion as of April 1, 2025. He has a long history in the manufacturing industry, going back to 1970.

Key Business Strategies

As the chairman of Xizi Clean Energy Equipment Manufacturing Co., Wang Shuifu has overseen the company's growth. The company manufactures specialized equipment, and the company has been listed on the Shenzhen Stock Exchange since 2011. The company's main office is located in Hangzhou, China.

Philanthropy

No specific information found regarding Wang Shuifu's philanthropic endeavors based on the current search results.

Career Milestones

1970

Career Start

Began selling agricultural machinery.

1955

Hangzhou Boiler Group Founded

The company that would become Xizi Clean Energy Equipment Manufacturing Co., Ltd. was founded.

2011

Hangzhou Boiler Group Listed

Hangzhou Boiler Group went public at the Shenzhen Stock Exchange.

2018

Chairman of Xizi Clean Energy

Wang Shuifu became the chairman of Xizi Clean Energy Equipment Manufacturing Co., Ltd.

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