Cho Tak Wong

$4.95 B

Ranked #844 in World

About Cho Tak Wong

Renowned Chinese entrepreneur Cao Dewang, who chairs the global leader Fuyao Group, began his ascent in the glass industry by purchasing a factory in 1983. Born into affluence in 1946, Dewang strategically ventured into automotive glass, founding Fuyao Group in 1987 which then debuted on the Shanghai Stock Exchange in 1993. Champions of charity, Dewang's donations and the establishment of the Heren Foundation exemplify his philanthropic zeal and Buddhistic philosophy, as detailed in his 2014 autobiography. Dewang's legacy continues under his son, the CEO since 2005.

Born

May 15, 1946 in Fuqing, Fujian

Age

79 years

Source Of Wealth

Auto Parts

Industries

Manufacturing

Citizenship

Hong Kong

Residence

Fuqing

Children

Cao Dewang was born on November 8, 1946, in Fuqing, Fujian, China. He came from a wealthy family and had a comfortable upbringing. However, his life took a dramatic turn during the Cultural Revolution when his family's assets were confiscated, and he was forced to work in a glass factory as a teenager.

Cho Tak Wong: Family

Cao Dewang is married to Chen Fengying, and they have three children together: Cao Hui, Cao Yanping, and Cao Daiteng. His son, Cao Hui, took over as CEO of Fuyao Group in March 2005, while Cao Dewang remains the chairman.

Cho Tak Wong: Career Highlights

Cao Dewang's career in the glass industry began when he started as a sales manager in a glass factory. In 1983, he bought out the factory and shifted its focus to automotive glass after observing the presence of Japanese automakers in China. This strategic move proved to be highly successful, and in 1987, he established Fuyao Group.

Under Cao Dewang's leadership, Fuyao Group grew into one of the largest glass manufacturers globally. The company was listed on the Shanghai Stock Exchange in 1993, marking a significant milestone in its growth.

Cho Tak Wong: Companies

Cao Dewang is the chairman of Fuyao Group, a leading global glass manufacturer. Fuyao Group has operations in various countries, including China, the United States, Germany, Japan, and Russia.

Cho Tak Wong: Major Achievements

Cao Dewang's major achievements include building Fuyao Group into a global glass manufacturing giant and becoming a renowned entrepreneur. He was named Ernst & Young World Entrepreneur Of The Year in 2009, a prestigious recognition of his business acumen and success.

Cho Tak Wong: Awards & Achievements

In addition to being named Ernst & Young World Entrepreneur Of The Year, Cao Dewang has received numerous other awards and accolades for his contributions to the business world and philanthropy. These include the China Charity Award in 2008 and the Lifetime Achievement Award from the China Glass Association in 2016.

Cho Tak Wong: Personal Life & Legacy

Cao Dewang is known for his philanthropic endeavors, inspired by the principles of Andrew Carnegie.

He established the Heren Foundation and donated 300 million shares of his company to support various charitable causes. In 2012, he made a substantial donation of US$580 million to charity.

Cao Dewang is also a devout Buddhist and has authored an autobiography titled "A Heart like Bodhi," published in 2014. He believes in the power of giving and sharing and places a strong emphasis on educating children.

Cho Tak Wong: Trivia

Cao Dewang was featured in the 2019 documentary "American Factory," which chronicled Fuyao's expansion into the United States and the challenges faced by both American and Chinese workers.

Wealth History

Timeline

1946

Cao Dewang was born in Fuqing, Fujian, China.

1983

Cao Dewang bought out the glass factory where he worked as a sales manager.

1987

Cao Dewang established Fuyao Group.

1993

Fuyao Group was listed on the Shanghai Stock Exchange.

1998

Cao Dewang's brother, Cao Degan, served as vice governor of Fujian.

2003

Cao Degan's term as vice governor of Fujian ended.

March 2005

Cao Dewang's son took over Fuyao Group as CEO.

2009

Cao Dewang was named Ernst & Young World Entrepreneur Of The Year.

2012

Cao Dewang donated US$580 million to charity.

2014

Cao Dewang authored his autobiography, 'A Heart like Bodhi'.

2019

Cao Dewang was featured in the documentary 'American Factory' about Fuyao's US expansion.

Cho Tak Wong : FAQs

What is Cho Tak Wong's current net worth?

Cho Tak Wong's current net worth is $4.95 billion.

What is Cho Tak Wong's current global rank among billionaires?

Cho Tak Wong holds the 844th position globally among billionaires.

What is Cho Tak Wong's current ranking within the Hong Kong?

Cho Tak Wong holds the 20th position in Hong Kong.

What was the change in Cho Tak Wong's net worth compared to the previous year?

Cho Tak Wong's net worth decreased by 358.15 million dollars compared to the previous year 2025, when his net worth was 5.31 billion dollars.

What is the recent change in Cho Tak Wong's net worth?

Cho Tak Wong's net worth decreased by 72.43 million dollars recently, a 1.46% decrease, with his net worth standing at 4.95 billion dollars.

What are Cho Tak Wong's main sources of wealth?

Cho Tak Wong's main source of income comes from Auto Parts.

In which industry does Cho Tak Wong primarily operate?

Cho Tak Wong is primarily involved in the Manufacturing industry.

How old is Cho Tak Wong?

Cho Tak Wong is 79 years old.

How many children does Cho Tak Wong have?

Cho Tak Wong has 3 children.

Who is Cao Dewang and what is the Fuyao Group?

Cao Dewang is a Chinese entrepreneur and the chairman of Fuyao Group, which is one of the largest glass manufacturers in the world. The company was founded in 1987 and is listed on the Shanghai Stock Exchange.

What was the turning point for Cao Dewang's focus on automotive glass?

Cao Dewang shifted his focus to automotive glass after observing the presence of Japanese automakers in China, identifying a growing market opportunity.

What recognition did Cao Dewang receive for his entrepreneurial achievements?

Cao Dewang was named Ernst & Young World Entrepreneur Of The Year in 2009, reflecting his significant achievements in the business world.

How has Cao Dewang contributed to philanthropy and education?

Cao Dewang is known for his philanthropic efforts, having established the Heren Foundation and donated 300 million shares of his company. In 2012, he donated over US$580 million to charity, with a strong focus on sharing wealth and educating children.

What is the significance of the documentary 'American Factory' to Cao Dewang?

The documentary 'American Factory' features Cao Dewang in the context of Fuyao's expansion into the United States, highlighting the cross-cultural challenges and business developments involved.