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In the world today
Fang Wei

Fang Wei

F. Wei
0% | + $0.00M
$4.39 B ₹ 39,918 Cr
Real Time Net Worth #951 Ranking as of 21 Feb 2026 By Forbes

More on Fang Wei

Gender

Male

Age

53Y

Country

China

Born On

January, 1973

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Steel, Carbon)

Primary Organization

Fangda Group

Titles

Chairman

Sources of Wealth

Fangda Group

Industry

Manufacturing, Metals, Steel, Chemicals

About Fang Wei


F ang Wei is a Chinese industrial magnate and the chairman of Fangda Group, a diversified conglomerate with its core businesses in carbon products, steel, and chemicals. He is known for his skill in acquiring and turning around struggling state-owned enterprises (SOEs), a strategy that has allowed him to build a massive industrial empire.

He started his career in the scrap metal business before moving into heavy industry. He has acquired a number of large but underperforming state-owned steel mills and carbon producers and has implemented restructuring programs to make them profitable. His company, Fangda Carbon New Material, is one of the largest producers of graphite electrodes, a critical component used in electric arc furnace steelmaking. He is a powerful but low-profile figure in China's heavy industry sector.

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Quick Reads


  • Chairman of the Chinese industrial conglomerate Fangda Group.
  • His core businesses are in steel, carbon products, and chemicals.
  • Built his empire by acquiring and restructuring state-owned enterprises.
  • His company, Fangda Carbon, is a world leader in graphite electrodes.
  • He is a prominent but low-profile industrialist.

Early Life and Background


Fang Wei is a Chinese entrepreneur, the self-made billionaire Chairman of Fangda International Industrial Investment Group, a leading industrial conglomerate specializing in carbon products, steel, iron, and petrochemicals. Born in 1973, his wealth is rooted in the high-capital, essential commodity and industrial sectors of China.

His career began in 1991, focusing on industrial trade, which provided the foundational capital for his later strategic acquisitions. Fang Wei recognized the immense, structural demand for essential industrial materials—particularly carbon products and steel (used in metallurgy and heavy industry)—and committed to building a vertically integrated empire that controlled the entire supply chain, from raw materials to processed commodities.

Career Journey of Fang Wei


Fang Wei founded Fangda International Industrial Investment Group in 1991. His strategic vision centered on aggressive acquisition and consolidation of steel and industrial assets. The Group owns over 20 diversified companies, including major steelmakers (Fangda Steel, which is the 17th largest steelmaker in the world by volume) and carbon product manufacturers (Fangda Carbon New Material).

Under his leadership, Fangda Group achieved massive vertical integration, acquiring mines and trading companies to secure raw materials (e.g., acquiring seven ore mines in two months). His career is marked by audacious deal-making (attempting a multi-billion dollar takeover of Anyang Iron & Steel) and high-stakes corporate management. His wealth is secured by the massive scale and vertical integration of his industrial empire, employing over 30,000 employees across 10 provinces in China.

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Fang Wei's Timeline


1991:

Founds Fangda International Industrial Investment Group (Founding).

2009–2010:

Executes strategic acquisitions, including acquiring seven ore mines in two months (Acquisition Milestone).

Ongoing:

Fangda Steel (a subsidiary) becomes the 17th largest steelmaker in the world (Industrial Domination).

2021:

Makes a strategic investment in the financially troubled HNA Group Co Ltd (Investment Focus).

Ongoing:

Continues as Chairman, guiding the multi-billion dollar industrial empire (Executive Leadership).

Major Business Ventures and Investments


Fang Wei's wealth is concentrated in his founding and controlling ownership of the private industrial giant, Fangda International Industrial Investment Group.

  • Fangda Group (Chairman): The core private asset, a massive conglomerate specializing in carbon products, steel, coke, chemicals, and non-ferrous metals.
  • Steel and Carbon Dominance: Controls major subsidiaries like Fangda Steel (17th largest steelmaker in the world) and Fangda Carbon New Material.
  • Vertical Integration: His success is built on his aggressive strategy of acquiring raw material sources (ore mines) and trading/distribution companies.
  • Diversification: The Group has expanded into real estate business and pharmaceuticals (e.g., Northeast Pharmaceutical Group).

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Philanthropy and Social Impact


Fang Wei's social impact is structural, stemming from Fangda Group's role as a massive industrial employer (over 30,000 employees) and foundational supplier of essential industrial commodities (steel and carbon) for China's massive construction and manufacturing sectors. The company contributes significantly to regional economic development in the 10 provinces where it operates.

His personal philanthropy supports various community and educational initiatives. His career is a testament to the profitability of identifying and dominating a high-capital, essential industrial sector through aggressive consolidation and vertical control.

Fashion, Style, and Lifestyle


Fang Wei maintains the professional, pragmatic style of a Chinese industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of serious authority and stability, befitting a multi-billion dollar executive commanding a massive steel and industrial empire.

Residing in Beijing, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, vertical integration, and the continuous consolidation of essential commodity production.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman of Fangda Group, which specializes in carbon products and steel.
  • Fangda Steel is the 17th largest steelmaker in the world.
  • His company acquired seven ore mines in two months to secure raw materials.
  • The Group employs over 30,000 people across 10 provinces in China.
  • He made a strategic equity investment in the troubled HNA Group.
  • The company successfully executed its IPO on the Shenzhen Stock Exchange.
  • His wealth is tied to aggressive industrial consolidation in the metals and mining sector.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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