Wang Jianyi net worth
Wang Jianyi Net Worth: Wang Jianyi is a Chinese entrepreneur with a net worth of US$790 million. Wang Jianyi entered the billionaire club as the founder and chairman of Zhejiang Fortis Group, one of China’s largest manufacturers of fiber optic cable products and a major cable supplier to some of China’s largest telecommunications companies, including China Mobile, China Unicom and China Telecom.
Mr Wang owns 80% of the privately held company, and his stellar track record made him a billionaire in 2012. In fact, the company’s revenue rose 45 percent in 2011 to $1.4 billion (8.73 billion yuan) and continues to trend upward. In the first half of 2012, revenue increased 13.2% to US$690 million (RMB 4.3 billion). Subsequently, net profit also rose 30.5% to $37.5 million (2.33 billion yuan). Graduated from Zhejiang University of Technology, founded Futong Telecom Materials Co., Ltd. in 1987, and started producing optical cables in 1993. Today, it has more than 5,000 employees and annual sales of $1.4 billion. Business aside, Wang is a member of the Chinese People’s Political Consultative Conference.
