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Billionaire Profile
Wong Man Li
Global Rank
#2029

Image: Unsplash Contributor | Unsplash License | via Unsplash

Wong Man Li

CEO, Furniture
HONG KONG
Real-Time Net Worth
$2.075B
Estimated based on Furniture stock value as of April 20, 2026
+0.3% (24h)
Age
61
Source
Furniture
Industry
Manufacturing
Citizenship
HONG KONG

Biography

Wong Man Li, a Hong Kong-based entrepreneur, is the Chairman and CEO of Man Wah Holdings, one of the world's largest suppliers of recliner sofas and mattresses. His source of wealth stems from the furniture manufacturing industry. Born in 1965, Wong is a self-made billionaire who founded Man Wah Holdings in 1992. Under his leadership, the company has grown into a global enterprise with a strong presence in the U.S., China, and other markets. Wong is known for his focus on quality, innovation, and expanding Man Wah's market reach. His dedication to these principles has enabled him to achieve significant success and recognition in the business world. As of March 25, 2026, Wong's net worth is estimated to be $2.13 Billion, ranking him among the world's wealthiest individuals.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Wong Man Li's journey began after arriving in Hong Kong from mainland China in 1990, starting as a factory worker. He was 28 years old when he founded Man Wah Holdings in 1992.

Rise to Success

Wong's entrepreneurial vision led him to identify the furniture business as a promising venture, due to lower capital requirements and easier access to customers. His focus on reclining chairs and sofas, along with establishing partnerships with foreign companies, accelerated Man Wah's growth. The company's expansion in the U.S. market, including partnerships with major retailers, significantly boosted its sales and brand recognition.

Key Business Strategies

Key strategies include focusing on a specific product line (recliners and sofas), direct shipping, and expanding into the Chinese market through franchised retail stores.

Philanthropy

Wong is also known for his philanthropic activities, including his support for the City of Hope organization, a leader in cancer care and research, and also supports communities in cities where Man Wah has a presence.

Career Milestones

1992

Founded Man Wah Holdings

Wong Man Li founded Man Wah Holdings, which has become one of the largest furniture suppliers globally.

2005

Man Wah Holdings went Public

Man Wah went public in Singapore.

2022

Appointed as CEO

Mr. Wong, an executive Director of the Company, and the Chairman of the Board, has been appointed as the CEO of the Company with effect from 21 March 2022.

Philanthropy & Social Impact

Healthcare

City of Hope

Undisclosed

Supports the City of Hope organization, a national leader in cancer care and research.

Community Development

Happy Hong Kong Charity Foundation

Undisclosed

Supports communities in every city where Man Wah has a base.

Business Philosophy & Leadership

Notable Quotes

"I owe everything I have to Hong Kong"

Leadership Principles

Focus on Quality

Emphasis on quality production and customer service.

Innovation

Gather global high-quality resources, innovate rules, concepts and development models.

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