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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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.
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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Founds Fangda International Industrial Investment Group (Founding).
Executes strategic acquisitions, including acquiring seven ore mines in two months (Acquisition Milestone).
Fangda Steel (a subsidiary) becomes the 17th largest steelmaker in the world (Industrial Domination).
Makes a strategic investment in the financially troubled HNA Group Co Ltd (Investment Focus).
Continues as Chairman, guiding the multi-billion dollar industrial empire (Executive Leadership).
Fang Wei's wealth is concentrated in his founding and controlling ownership of the private industrial giant, Fangda International Industrial Investment Group.
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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.
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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+0.02% | +$3.07M
+0.13% | +$6.85M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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