W ang Shuifu is a Chinese billionaire who is the chairman of the XCMG Group, a major state-owned manufacturer of construction machinery. While the company is state-owned, Wang has been a key figure in its leadership and has a significant personal stake in the company, which is the source of his wealth. XCMG is one of China's largest and one of the world's largest manufacturers of heavy construction equipment, with a wide range of products including cranes, excavators, and road machinery.

The company has been a major player in China's massive infrastructure and construction boom and has also built a significant international business, exporting its equipment around the world. Wang's career is an example of the wealth that has been created by the leaders of successful state-owned enterprises in China, who have often been able to accumulate significant personal wealth through their management of these major industrial assets.