Billionaire Profile
Weijian Shan
Global Rank
#2974

Image: Public domain | via Wikimedia Commons

Weijian Shan

CEO, PAG (Private equity)
HK
Real-Time Net Worth
$1.1B
As of December 2025
Age
71
Source
Private equity
Industry
finance-investments
Citizenship
HK

Biography

Weijian Shan, a prominent figure in the finance and investment industry, is the Executive Chairman of PAG, an Asia-focused private equity firm managing over $55 billion in assets. Born in Beijing in 1954, Shan's journey began during China's Cultural Revolution, shaping his resilience and drive. His career includes key roles at J.P. Morgan, TPG Capital, and the World Bank, as well as an independent director position at Alibaba Group. Shan is also an author, with notable works like "Out of the Gobi" and "Money Games." His current net worth is estimated at $1.1 billion, reflecting his success in private equity.

Wealth Over Time

In-Depth Profile

Early Life

Weijian Shan's early life was marked by hardship and resilience. Born in Beijing in 1954, he experienced the Cultural Revolution, a period that profoundly shaped his character. At 15, he was sent to the Gobi Desert for six years of hard labor. This experience instilled in him a deep appreciation for education and opportunity.

Rise to Success

Shan's journey to success is a testament to his determination. After returning from the Gobi Desert, he pursued education, earning an MBA from the University of San Francisco and a Ph.D. from the University of California, Berkeley. His career took off with roles at the World Bank, the Wharton School of the University of Pennsylvania, and J.P. Morgan, where he became a Managing Director. He then became a co-managing partner at Newbridge Capital (later TPG Asia), leading to the founding of PAG's private equity business in 2010.

Key Business Strategies

Shan's success is rooted in his strategic vision and ability to navigate complex financial landscapes. At TPG, he spearheaded the first purchase of a state-owned Chinese bank by a foreign investor. As the executive chairman of PAG, Shan has overseen the firm's expansion into a leading alternative investment firm in Asia, with significant assets under management.

Philanthropy

While the exact amounts are not readily available, Shan is known to be a trustee of the British Museum.

Career Milestones

1987

Investment Officer

Joined the World Bank in Washington, D.C.

1993-1998

Managing Director

Held various positions at J.P. Morgan.

1998-2010

Co-Managing Partner

Co-managing partner at Newbridge Capital, later renamed TPG Asia.

2010-Present

Executive Chairman

Executive Chairman of PAG.

2022

Independent Director

Became an independent director of Alibaba.

Philanthropy & Social Impact

Culture

Trustee of The British Museum

Undisclosed

Serves as a trustee.

Business Philosophy & Leadership

Notable Quotes

"came to the realization that there was a big difference between China and the United States."

"I am glad I didn't get into the first UN program."

"think one always appreciates most the things that are difficult to get, those things that once seemed impossible to attain."