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#0 World Rank
Fang Hongbo

Fang Hongbo

0% | $ 0M
F. Hongbo
Rank
#0
Net Worth
$00.0B
Gender
Male
Age
58Y
Country
China
Born On
January, 1967
Deceased
No
Relationship Status
Married
Children
Unknown
Education

Unknown

Designation Info :

Self-Made
Yes
Type
Self-Made (Appliances)
Organization Name
Midea Group
Title
Chairman & President
Source

Midea Group

Industry
Manufacturing, Consumer Goods, Electronics, Robotics

About F. Hongbo


F ang Hongbo is a Chinese business executive and the chairman and president of Midea Group, one of the world's largest manufacturers of home appliances. He is a rare example of a non-founder and non-family member who has risen to the top of a massive Chinese family-controlled enterprise and become a billionaire in his own right. He joined Midea in 1992 and has spent his entire career with the company.

He Xiangjian, the company's founder, chose Fang as his successor, and Fang took over as chairman in 2012. Under his leadership, Midea has continued its aggressive global expansion, most notably with the 2016 acquisition of the German industrial robotics giant, KUKA. This move was a key part of Midea's transformation from a traditional appliance maker into a high-tech industrial powerhouse. Fang's wealth is derived from his significant stake in the publicly traded company, which he received through stock awards for his long and successful service.

Quick Reads


  • Chairman and President of Midea Group, a global leader in home appliances.
  • A professional manager, he is not a member of the founding family.
  • Was handpicked as the successor by the company's founder, He Xiangjian.
  • Oversaw the landmark acquisition of the German robotics firm KUKA.
  • His wealth comes from his large stock holdings in the company.

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