Billionaire Profile
Z
Global Rank
#2708

Image: Jiang, Jie; Guo, Shengwei; Wang, Xiaorong; Xu, Liyan; Li, Qiang; Zhang, Xiaoxin | CC BY 4.0 | via Wikimedia Commons

Zhang Shengwei

CEO, E-cigarettes
CHINA
Real-Time Net Worth
$1.322B
Estimated based on E-cigarettes stock value as of March 6, 2026
0% (24h)
Age
52
Source
E-cigarettes
Industry
Manufacturing
Citizenship
CHINA

Biography

Zhang Shengwei, a prominent figure in the e-cigarette industry, is the founder and majority owner of Shenzhen iMiracle Technology. At 52 years old, Zhang has built a significant fortune through his company's production of popular vaping brands such as Elf Bar and Lost Mary. His success showcases a remarkable career, transitioning from early ventures in online retail to becoming a leading manufacturer in the global vape market. As of February 2026, his net worth is estimated at $2.3 billion, reflecting his influence and achievements in the sector. His expertise in distribution and navigating regulations has been instrumental in his rise to prominence.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Information regarding Zhang Shengwei's early life and education is limited in the search results. However, it is known that he is a native of the Sichuan province and graduated from Sichuan University in Chengdu.

Rise to Success

Zhang Shengwei's career began with trading gadgets, kitchenware, and clothing on eBay. He then transitioned into the e-cigarette industry, forming Heaven Gifts in 2007. This company evolved from an exporter and distributor to a major player in the vaping market. Zhang's company, Shenzhen iMiracle Technology, produces popular brands such as Elf Bar and Lost Mary. He owns stakes in other vaping companies like Air Bar and Geekvape.

Key Business Strategies

Zhang focused on international sales, which proved prescient as Beijing banned flavored vapes in China. He navigated regulatory challenges in various countries and has been adept at introducing multiple brands to mitigate risks. His strategic approach includes excelling in cultivating ties with international distributors, especially in the UK.

Philanthropy

Specific details about Zhang Shengwei's philanthropic activities and exact donation amounts were not found in the search results.

Career Milestones

2007

Founded Heaven Gifts

Formed Heaven Gifts, an online shop for e-cigarettes.

2021

Launched Elf Bar

Launched the Elf Bar brand, which became a best-selling product.

Philanthropy & Social Impact

Information not found

Information not found

Undisclosed

Information not found

Business Philosophy & Leadership

Notable Quotes

"Information not found in the search results"

Leadership Principles

Focus on International Sales

Prioritizing sales outside of China, a decision that proved successful.

Adaptability

Navigating shifting regulations by introducing multiple brands.

Controversies & Challenges

2023

Controversy over Flavored Vapes

Accusations of flooding the US market with flavored vapes, which have been linked to concerns about youth vaping.