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LeaderPortfolio
Billionaire Profile
Wang Shuifu
Global Rank
#2623

Image: Public domain | via Wikimedia Commons

Wang Shuifu

CEO, Xizi Clean Energy Equipment
CN
Real-Time Net Worth
$1.3B
As of December 2025
Age
70
Source
Manufacturing
Industry
manufacturing
Citizenship
CN

Biography

Wang Shuifu, a self-made billionaire, is a prominent figure in China's manufacturing sector. At 70 years old, he chairs Xizi Clean Energy Equipment, an equipment manufacturer. His career began in 1970 selling agricultural machinery. Wang's wealth stems from manufacturing, and he is currently ranked #2623 on the Forbes Billionaires list. He is married and resides in Hangzhou, China. His net worth is estimated at $1.3 billion. Wang's achievements include leading Xizi Clean Energy Equipment. He is also known for his stake in China Zheshang Bank.

Wealth Over Time

In-Depth Profile

Early Life

Wang Shuifu was born in China. He began his career in 1970, selling agricultural machinery. This early experience provided him with a foundational understanding of business and sales.

Rise to Success

Wang Shuifu chairs equipment manufacturer Xizi Clean Energy Equipment. Xizi Clean Energy was previously known as Hangzhou Boiler Group; Hangzhou Boiler went public at the Shenzhen Stock Exchange in 2011. Wang's career in manufacturing led to significant wealth accumulation, establishing him as a leading figure in the industry. He is also a stakeholder in China Zheshang Bank.

Key Business Strategies

Wang's success can be attributed to his ability to identify and capitalize on opportunities within the manufacturing sector. His strategic vision and leadership have been instrumental in the growth of Xizi Clean Energy Equipment. His ability to adapt to market changes and his focus on innovation have been key drivers of his achievements.

Philanthropy

Information regarding Wang Shuifu's specific philanthropic endeavors and amounts is unavailable from the search results.

Career Milestones

1970

Started Career

Began career selling agricultural machinery.

2011

Hangzhou Boiler Group IPO

Hangzhou Boiler Group went public on the Shenzhen Stock Exchange.

Present

Chairman of Xizi Clean Energy Equipment

Currently chairs Xizi Clean Energy Equipment.

Philanthropy & Social Impact

Unknown

Unknown

Undisclosed

Specific philanthropic activities are not available.