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Wu Zhigang & family

Wu Zhigang & family

W. family
-0.14% | - $-2.19M
$1.59 B ₹ 14,488 Cr
Real Time Net Worth #2416 Ranking as of 21 Feb 2026 By Forbes

More on Wu Zhigang & family

Gender

Male

Age

91Y

Country

China

Born On

January, 1935

Deceased

No

Relationship Status

Married

Children

3

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Bakery)

Primary Organization

Shenyang Toly Bread

Titles

Founder

Sources of Wealth

Bakery Chain

Industry

Food-Beverage

About Wu Zhigang & family


W u Zhigang is the founder of Shenyang Toly Bread, one of China's largest and most recognizable bakery chains. A former teacher at a telegraph school, he started the business in 1995 in Shenyang at the age of 60, proving it's never too late to become an entrepreneur. Toly Bread focused on producing short-shelf-life breads for the mass market, building a massive distribution network that delivers fresh products to supermarkets and convenience stores daily.

Under Wu's leadership, the company expanded rapidly across China and went public on the Shanghai Stock Exchange in 2015. He retired from the chairmanship in 2019, passing leadership to his sons, but the family remains the controlling shareholder. Toly Bread is widely credited with industrializing the bakery industry in China.

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Quick Reads


Early Life and Background


Wu Zhigang is a Chinese businessman and founder of the Shanghai-listed bakery chain Shenyang Toly Bread (SHA: 603866).

Wu was originally a teacher at an industrial school before co-founding the chain with his son Wu Xuequn in 1995. His wife, Sheng Yali, and three sons, Wu Xuedong, Wu Xuequn, and Wu Xueliang, all hold shares in Toly.

  • Core Company: Shenyang Toly Bread, a Shanghai-listed bakery chain.
  • Founding: Cofounded with his son Wu Xuequn in 1995.
  • Prior Career: Was a teacher at an industrial school.

Career Journey of Wu Zhigang & family


Wu Zhigang successfully transitioned from teaching to the fast-growing retail food sector. His structural achievement is scaling Toly Bread into a major, publicly listed bakery chain, capitalizing on China's rising consumer market.

He retired as chairman in 2019 and was succeeded by his son Wu Xueliang. His wife and three sons are actively involved, holding board positions and ensuring the family's control of the business.

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Wu Zhigang & family's Timeline


1995:

Cofounds Shenyang Toly Bread with his son Wu Xuequn.

2019:

Retired as chairman and was succeeded by his son Wu Xueliang.

Ongoing:

His wife and three sons hold shares and board seats.

Major Business Ventures and Investments


Wu Zhigang's wealth is concentrated in his family's controlling stake in the publicly traded bakery chain, Shenyang Toly Bread.

  • Shenyang Toly Bread (SHA: 603866): Founder and former chairman of the bakery chain.
  • Family Governance: His three sons and wife are major shareholders and board members.
  • Sector Focus: Retail food service, specializing in bakery and fresh goods.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the founder of the Shanghai-listed bakery chain Shenyang Toly Bread.
  • He was a teacher at an industrial school before founding the chain in 1995.
  • His son Wu Xueliang succeeded him as chairman in 2019.

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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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