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Billionaire Profile
Zhang Hongwei
Global Rank
#2838

Image: Public domain | via Wikimedia Commons

Zhang Hongwei

CEO, United Energy Group
CN
Real-Time Net Worth
$1.2B
As of December 2025
Age
70
Source
Oil, banking
Industry
diversified
Citizenship
CN

Biography

Zhang Hongwei, a prominent figure in the business world, is recognized for his significant role in the oil and banking industries. With an estimated net worth of $1.2 billion as of December 2024, Zhang is the chairman of United Energy Group and a Vice Chairman of China Minsheng Bank. His career spans over 30 years of management experience in China, navigating a diverse range of industries. Zhang's path to wealth showcases his entrepreneurial spirit and strategic investments, making him a notable figure in China's business landscape.

Wealth Over Time

In-Depth Profile

Early Life

Information regarding Zhang Hongwei's early life is limited. However, reports indicate that he came from humble beginnings in China's northern region.

Rise to Success

Zhang Hongwei's career began in the management sector. He has over 30 years of experience in the management field. He built a conglomerate, China Orient Group, from scratch, and is also the chairman of United Energy Group, an independent exploration and production company. United Energy Group made several acquisitions in 2018. Zhang also serves as a Vice Chairman of China Minsheng Bank.

Key Business Strategies

Zhang Hongwei has been involved in the oil, banking, and diversified industries. He has been involved in significant acquisitions, including the purchase of Kuwait Energy. He is also the chairman of Orient Group, Inc., a joint-stock limited company.

Philanthropy

Precise details on Zhang Hongwei's philanthropic endeavors are not readily available. However, his involvement in major company initiatives suggests a commitment to broader societal contributions.

Career Milestones

1998

Joined Orient Resources Group Company Limited

Joined the company as the Chairman of the Group.

2018

Acquired Kuwait Energy

United Energy Group, which Zhang Hongwei chairs, made several acquisitions.

Controversies & Challenges

2024

Orient Group's Financial Issues

Orient Group faced financial difficulties and potential delisting due to inaccurate financial disclosures.

2025

Investigation by CSRC

Zhang Hongwei is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations.