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Billionaire Profile
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Global Rank
#1393

Image: Cease, Arianne J.; Harrison, Jon F.; Hao, Shuguang; Niren, Danielle C.; Zhang, Guangming; Kang, Le; Elser, James J. | CC BY 4.0 | via Wikimedia Commons

Wu Guangming

CEO, Medical equipment
CHINA
Real-Time Net Worth
$3.08B
Estimated based on Medical equipment stock value as of April 21, 2026
+0.17% (24h)
Age
64
Source
Medical equipment
Industry
Healthcare
Citizenship
CHINA

Biography

Wu Guangming, born in China in 1962, is the founder of Jiangsu Yuyue Medical Equipment and Supply. His wealth is primarily derived from his company, a leading manufacturer of medical equipment, including rehabilitation machines, oxygen tanks, and diagnostic devices. Wu co-founded the predecessor of Yuyue with his father in the 1990s and took the company public on the Shenzhen Stock Exchange in 2008. As of March 2024, his net worth is estimated at $3.4 billion, reflecting his success in the healthcare industry. He is married and has one child.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Wu Guangming was born into a fisherman's family. He co-founded the predecessor of Jiangsu Yuyue Medical Equipment & Supply with his father in the 1990s.

Rise to Success

Wu Guangming's entrepreneurial journey began with the establishment of a medical equipment business. In 1998, he and his father founded the precursor to Jiangsu Yuyue. The company focused on research, development, production, and distribution of medical equipment, including blood pressure monitors, wheelchairs, and diagnostic devices. Wu took the company public on the Shenzhen Stock Exchange in 2008.

Key Business Strategies

A key strategy was taking the company public, which allowed for expansion. His son, Wu Qun, now chairs and runs the company.

Philanthropy

Specific philanthropy amounts are unavailable in the search results.

Career Milestones

1990s

Cofounded Yuyue Medical

Cofounded the predecessor of Yuyue Medical with his father.

2008

Took Yuyue Medical public

Took the company public on the Shenzhen Stock Exchange.

Philanthropy & Social Impact

Unknown

Unknown

Undisclosed

Details not available

Controversies & Challenges

2017

Investigation for Insider Trading

Wu Guangming, then President of Wandong Medical and Yuwell Medical, was investigated by the China Securities Regulatory Commission (CSRC) on suspicion of insider trading.

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