Billionaire Profile
Xu Wanmao
Global Rank
#2985

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Xu Wanmao

CEO, Education
CHINA
Real-Time Net Worth
$1.258B
Estimated based on Education stock value as of April 20, 2026
+1.93% (24h)
Age
81
Source
Education
Industry
Service
Citizenship
CHINA

Biography

Xu Wanmao, at the age of 81, is a prominent figure in China's education and service sector. With a wealth source rooted in education, he has built a significant net worth through strategic investments and leadership in the education industry. Xu is the chairman of Huamao Group, a major service industry business based in Ningbo, China, which is one of the largest in the city. His career reflects a journey from early ventures to a successful business, with a focus on education and related services. Xu's career has been marked by his dedication to the field of education. He has been recognized for his contributions to the industry.

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

Wealth Over Time

In-Depth Profile

Early Life

Information regarding Xu Wanmao's early life is limited. However, his career trajectory and the establishment of Huamao Group indicate an early interest in education and business.

Rise to Success

Xu Wanmao's rise to success is tied to his leadership of the Huamao Group. Huamao Group is headquartered in Ningbo, China, one of the largest service industry businesses in the city. The group's investments include the Bank of Ningbo. The core of his success lies in his ability to navigate the complexities of the education and service industries. His company, China Education Group Holdings Limited (0839.HK), is a leading global vocational education group. The Group operates in China, Australia, and the United Kingdom.

Key Business Strategies

Xu Wanmao's business strategies have focused on education, real estate, and investment. The Huamao Group's diversified portfolio, including investments in the Bank of Ningbo, suggests a keen understanding of market trends and opportunities. His ventures into education and related services demonstrate a strategic approach to wealth creation and industry influence.

Philanthropy

Specific details about Xu Wanmao's philanthropic endeavors are limited based on the available information. Further research may reveal more about his contributions to charitable causes and the extent of his philanthropic activities.

Career Milestones

1971

Started in School Products

Began career in the school product industry.

1978

Took over Business

Took over the family business.

2003

Forbes China Richest

Appeared on the Forbes China Richest list.

Philanthropy & Social Impact

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Business Philosophy & Leadership

Notable Quotes

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Leadership Principles

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Controversies & Challenges

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