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Billionaire Profile
Wang Yusuo & family
Global Rank
#369

Image: Public domain | via Wikimedia Commons

Wang Yusuo & family

CEO, ENN Group
CN
Real-Time Net Worth
$8.84B
As of December 2025
Age
61
Source
Natural gas distribution
Industry
energy
Citizenship
CN

Biography

Wang Yusuo, born in 1964, is a prominent Chinese billionaire and the founder and chairman of ENN Group. His primary source of wealth is natural gas distribution, and he has built a significant presence in the energy industry. With an estimated net worth of $8.84 billion as of December 2025, Wang has demonstrated a strong work ethic and a commitment to innovation in the clean energy sector. ENN Group is a leading natural gas distribution firm that serves millions of households and businesses in China, with operations expanding to include renewable energy solutions and environmental technologies. Wang holds a Bachelor's degree from the People's University of China and a Doctorate from Tianjin University. He resides in Langfang, China, and has a son, Wang Zizheng, who is a director at ENN Group.

Wealth Over Time

In-Depth Profile

Early Life

Wang Yusuo was born in Bazhou, Hebei province in 1964. He struggled to enter college initially, failing the university entrance examination three times. He later obtained an undergraduate degree from Renmin University of China in 1994 and a postgraduate degree in 2002. He furthered his education by earning a doctorate in Business Management from Tianjin University of Finance and Economics in 2007.

Rise to Success

Wang's entrepreneurial journey began with a small business selling bottled gas in 1986. This venture provided him with valuable contacts in the gas distribution sector. In 1989, he co-founded ENN Group with his wife, Zhao Baoju. Initially, ENN focused on urban gas provision and later expanded into the entire natural gas industry, including production, distribution, trade, and storage. ENN Group has grown into one of China's largest private energy companies, with over 40,000 employees.

Key Business Strategies

Under Wang's leadership, ENN Group expanded its operations to include natural gas distribution, renewable energy solutions, and environmental technologies. The company focused on innovation and invested heavily in research and development. ENN Group also diversified into sectors like real estate, tourism, culture, and health.

Philanthropy

Wang Yusuo founded the ENN Charitable foundation in 2005 to support education, disaster relief, and poverty alleviation.

Career Milestones

1986

Opened a business selling bottled gas.

This marked the beginning of Wang's entrepreneurial journey.

1989

Co-founded ENN Group.

Established ENN Group with his wife, Zhao Baoju.

1993

ENN established utilities in over 70 Chinese cities

With about 4.2 million customers and over 12,000 commercial clients.

2002

ENN Energy Holdings listed on the Hong Kong Stock Exchange.

ENN Energy Holdings was founded in 1989.

2005

Founded ENN Charitable Foundation.

To support education, disaster relief and poverty alleviation.

2025

Stepped down as Chairman of ENN Group.

Still sits on the board; his son Wang Zizheng is also a director.

Philanthropy & Social Impact

Education, Disaster Relief, Poverty Alleviation

ENN Charitable Foundation

N/A

Supports education, disaster relief, and poverty alleviation.