Fan Hongwei

$7.17 B

Ranked #538 in World

About Fan Hongwei

Fan Hongwei, renowned Chinese entrepreneur, stands out as the chair and CEO of Hengli Petrochemical and vice chair of Hengli Group, ascending to China's 4th wealthiest woman in 2019. With origins in Jiangsu Province and a scholarly tenure at Nanjing Normal University, her career took off as an accountant. In 1994, Fan and spouse Chen Jianhua transformed a 3 million RMB loan into the colossal Hengli Group. The business duo elevated a modest textile factory into a global textile and petrochemical titan, with Fan possessing a 45% stake. Accolades include Forbes and Fortune's influential leader listings and a prominent ranking among China's self-made female billionaires. Fan's personal life entwines with her business, sharing success with billionaire husband Chen Jianhua and daughter Chen Yiting.

Born

January 01, 1967

Age

59 years

Source Of Wealth

Petrochemicals

Industries

Energy

Citizenship

China

Residence

Suzhou

Spouse

Chen Jianhua

Fan Hongwei was born in February 1967 in Jiangsu Province, China. She attended Nanjing Normal University, where she received her education.

Fan Hongwei: Family

Fan Hongwei is married to Chen Jianhua, who is also a billionaire and the chair and director of Hengli Group. They have a daughter named Chen Yiting, born in 1993, who serves as a director of Tongli Lake Travel, a subsidiary of Hengli Group.

Fan Hongwei: Career Highlights

Fan Hongwei started her career as an accountant. In 1994, she and her husband took a 3 million RMB loan to purchase Wujiang Chemical Fibre Textile Factory in Wujiang, Suzhou. They successfully restructured and expanded the company, transforming it from a small operation with 27 employees into China's largest fiber producer and one of the world's biggest weaving companies.

Today, the company is known as Hengli Group, with Hengli Petrochemical serving as its primary unit. Under Fan Hongwei's leadership, Hengli Petrochemical achieved a significant milestone in 2016 when it became publicly traded through a backdoor listing on the Shanghai Stock Exchange.

Hengli Group has experienced remarkable growth and success under Fan Hongwei's guidance. In 2019, the group generated over 500 billion RMB in revenue. Its diverse activities encompass refining petroleum to produce polyester, manufacturing chemical fibers, and engaging in real estate ventures.

Hengli Group caters to the apparel industry and also produces chips and filaments used in packaging, electronics, and pharmaceuticals. The group operates factories in Nantong, Suqian, and Suzhou. Fan Hongwei holds a substantial 45% stake in Hengli Petrochemical.

Fan Hongwei: Companies

Fan Hongwei is the chair and CEO of Hengli Petrochemical (恒力石化) and the vice chair of Hengli Group (恒力集团).

Fan Hongwei: Major Achievements

Fan Hongwei's remarkable achievements have garnered widespread recognition. In 2020, she was included in Forbes's prestigious list of the top 50 CEOs in China. The same year, she was also recognized by Fortune as one of China's 50 most influential business leaders.

Her accomplishments extend beyond China's borders.

In 2020, she secured the 6th position on Hurun's list of the world's richest self-made women. Furthermore, in 2021, Forbes once again acknowledged her contributions by featuring her on their list of China's 20 top businesswomen.

Fan Hongwei's consistent success has also earned her a place among China's ten richest women, as recognized by China Daily. She ranked 5th in 2018, 4th in 2019, and 7th in 2020.

Fan Hongwei: Personal Life & Legacy

Fan Hongwei resides in Suzhou, China. Her husband, Chen Jianhua, is also a prominent figure in the business world, serving as the chair and director of Hengli Group. Their daughter, Chen Yiting, is actively involved in the family business as a director of Tongli Lake Travel, a subsidiary of Hengli Group.

Fan Hongwei: Trivia

Fan Hongwei's success story serves as an inspiration to aspiring entrepreneurs and business leaders. Her journey from humble beginnings to becoming one of China's wealthiest and most influential businesswomen is a testament to her unwavering determination, strategic acumen, and exceptional leadership skills.

Wealth History

Timeline

February 1967

Fan Hongwei is born in Jiangsu Province, China.

1994

Fan Hongwei and her husband Chen Jianhua take a 3 million RMB loan to buy Wujiang Chemical Fibre Textile Factory in Wujiang, Suzhou.

2016

Hengli Petrochemical becomes publicly traded through a backdoor listing on the Shanghai Stock Exchange.

2018

Fan Hongwei is listed as the 5th richest woman in China by China Daily.

2019

Fan Hongwei is listed as the 4th richest woman in China by China Daily.

2019

Hengli Group earns over 500 billion RMB in revenue.

2020

Fan Hongwei is listed on Forbes's list of 50 top CEOs in China.

2020

Fan Hongwei is listed on Fortune's list of 50 most influential business leaders in China.

2020

Fan Hongwei is listed as the 6th richest self-made woman in the world by Hurun.

2020

Fan Hongwei is listed as the 7th richest woman in China by China Daily.

2021

Fan Hongwei is listed on Forbes's list of China's 20 top businesswomen.

Fan Hongwei : FAQs

What is Fan Hongwei's current net worth?

Fan Hongwei's current net worth is $7.17 billion.

What is Fan Hongwei's current global rank among billionaires?

Fan Hongwei holds the 538th position globally among billionaires.

What is Fan Hongwei's current ranking within the China?

Fan Hongwei holds the 62nd position in China.

What was the change in Fan Hongwei's net worth compared to the previous year?

Fan Hongwei's net worth increased by 612.2 million dollars compared to the previous year 2025, when her net worth was 6.56 billion dollars.

What is the recent change in Fan Hongwei's net worth?

Fan Hongwei's net worth increased by 153.05 million dollars recently, a 2.13% increase, with her net worth standing at 7.17 billion dollars.

What are Fan Hongwei's main sources of wealth?

Fan Hongwei's main source of income comes from Petrochemicals.

In which industry does Fan Hongwei primarily operate?

Fan Hongwei is primarily involved in the Energy industry.

How old is Fan Hongwei?

Fan Hongwei is 59 years old.

How many children does Fan Hongwei have?

Fan Hongwei has 2 children.

Who is Fan Hongwei and what is her role in Hengli Petrochemical?

Fan Hongwei is a Chinese entrepreneur and billionaire, serving as the Chair and CEO of Hengli Petrochemical, and she is also the Vice Chair of Hengli Group.

What are Fan Hongwei's achievements in the business world?

Fan Hongwei has led Hengli Group to become China's largest fiber producer and one of the world's largest weaving companies. Under her leadership, Hengli Petrochemical went public on the Shanghai Stock Exchange in 2016. She was listed as the 4th richest woman in China in 2019 and has received recognition from Forbes and Fortune as a top business leader.

How did Fan Hongwei start her career and grow her company?

Fan Hongwei began her career as an accountant and, together with her husband, purchased a textile factory in 1994. She restructured the business, expanding it into a leading fiber producer and forming Hengli Petrochemical, part of the larger Hengli Group.

Can you share some details about Fan Hongwei's personal life?

Fan Hongwei is married to billionaire Chen Jianhua, who is the chair and director of Hengli Group. They have a daughter, Chen Yiting, who is also active in the family business. The family resides in Suzhou, China.