Liang Wengen net worth
Liang Wengen’s net worth: Liang Wengen is the founder and major shareholder of Sany Group, with a net worth of US$3.7 billion. Liang Wengen owns 56 percent of Sany Group, a heavy industry manufacturer headquartered in Changsha, Hunan province. Liang Wengen’s net worth has fallen as government policies have slowed price increases in the real estate sector.
As a result, shares of flagship Sany Heavy Industry, a construction equipment maker, plunged 45% in 2012, as did its Hong Kong-listed coal mining equipment unit. In September of the same year, Sany Group suffered a public relations embarrassment and was refused by the United States to build a wind farm next to the US military base in Oregon. But contrary to U.S. resistance, Sany joined China’s Citic Private Equity Investment Company earlier that year to buy Germany’s Putzmeister, one of the world’s largest concrete pump makers. All in all, Liang Wengen has been committed to building Sany Group into one of the largest concrete machinery manufacturers in the world, with its highly competitive products now occupying 50% of the Chinese market. In addition, Sany’s rotary drilling rigs and crawler cranes have developed into first-class domestic brands.
