Fang Hongbo

$1.68 B

Ranked #2358 in World

About Fang Hongbo

As the current Chairman and President of Midea Group, Paul Fang (方洪波) holds a pivotal role in driving the success of the world's leading appliance manufacturer. With an illustrious career that began in 1992 in Midea's Marketing Department, Fang's ascent was marked by critical roles, including General Manager of the Air Conditioning Business Department and President of Midea Refrigeration Electric Appliances Group. Attaining his bachelor's degree from East China Normal University and an EMBA from the National University of Singapore, Fang's educational background has significantly contributed to his leadership skills. In 2013, he succeeded the company's founder, He Xiangjian, steering Midea, a Fortune 500 entity, towards global dominance while also overseeing operations at Wuxi LittleSwan Co., Ltd. (000418.SZ), underscoring his encompassing influence in the appliance industry.

Born

January 01, 1967

Age

59 years

Source Of Wealth

Home Appliances

Industries

Manufacturing

Citizenship

China

Residence

Shunde

Paul Fang (方洪波), the current Chairman and President of Midea Group, was born in China. Information about his early years and childhood is not publicly available.

Fang Hongbo: Family

Details regarding Paul Fang's family background and personal life are not publicly disclosed.

Fang Hongbo: Career Highlights

Paul Fang's career journey is marked by significant milestones within Midea Group:

1992: Joined Midea Group and began his career in the Marketing Department.
Promoted: Rose through the ranks and became the General Manager of Midea's Air Conditioning Business Department.
Leadership Roles: Subsequently held the position of President of Midea Refrigeration Electric Appliances Group.
2013: Appointed as Chairman and President of GD Midea Holding Co., Ltd.
Successor: In 2013, succeeded Midea's founder, He Xiangjian, as Chairman and President of Midea Group Co., Ltd. (000333.SZ).
Current Role: Currently serves as Chairman of Midea's subsidiary, Wuxi LittleSwan Co., Ltd. (000418.SZ).

Fang Hongbo: Companies

Midea Group
GD Midea Holding Co., Ltd.
Wuxi LittleSwan Co., Ltd.

Fang Hongbo: Major Achievements

Under Paul Fang's leadership, Midea Group has achieved remarkable growth and success:

Global Leader: Transformed Midea into the world's largest producer of major appliances.
Fortune 500: Midea Group secured a spot on the prestigious Fortune 500 list, a testament to its global prominence.
Innovation: Spearheaded Midea's commitment to innovation, driving the development of cutting-edge technologies and products.
Market Expansion: Expanded Midea's global reach, establishing a strong presence in international markets.

Fang Hongbo: Awards & Achievements

Paul Fang's contributions to the business world have been recognized through numerous awards and accolades:

China's Top 10 Economic Figures: Honored as one of China's Top 10 Economic Figures by China Central Television (CCTV).
Forbes China's Top 50 Most Influential Business Leaders: Consistently ranked among Forbes China's Top 50 Most Influential Business Leaders.
Ernst & Young Entrepreneur of the Year: Received the prestigious Ernst & Young Entrepreneur of the Year award.

Fang Hongbo: Personal Life & Legacy

Paul Fang maintains a private personal life, and information about his family and personal interests is not publicly available. His legacy lies in his transformative leadership of Midea Group, driving its growth and establishing it as a global powerhouse in the home appliance industry.

Fang Hongbo: Trivia

Paul Fang holds a Bachelor's Degree in History from East China Normal University.
He also completed an EMBA program at the National University of Singapore, further enhancing his business acumen.
Fang is known for his strategic vision and ability to identify and capitalize on market opportunities.
Under his leadership, Midea Group has consistently outpaced its competitors and maintained its position as an industry leader.

Wealth History

Timeline

1992

Joined Midea in the Marketing Department.

Promoted to General Manager of the firm's Air Conditioning Business Department.

Became President of Midea Refrigeration Electric Appliances Group.

Appointed Chairman and President of GD Midea Holding Co., Ltd.

2013

Succeeded Midea founder He Xiangjian as Chairman and President of Midea Group Co., Ltd. (000333.SZ).

Currently serves as Chairman of Midea's subsidiary, Wuxi LittleSwan Co., Ltd. (000418.SZ).

Fang Hongbo : FAQs

What is Fang Hongbo's current net worth?

Fang Hongbo's current net worth is $1.68 billion.

What is Fang Hongbo's current global rank among billionaires?

Fang Hongbo holds the 2358th position globally among billionaires.

What is Fang Hongbo's current ranking within the China?

Fang Hongbo holds the 315th position in China.

What was the change in Fang Hongbo's net worth compared to the previous year?

Fang Hongbo's net worth increased by 6.54 million dollars compared to the previous year 2025, when his net worth was 1.67 billion dollars.

What is the recent change in Fang Hongbo's net worth?

Fang Hongbo's net worth increased by 17.28 million dollars recently, a 1.03% increase, with his net worth standing at 1.68 billion dollars.

What are Fang Hongbo's main sources of wealth?

Fang Hongbo's main source of income comes from Home Appliances.

In which industry does Fang Hongbo primarily operate?

Fang Hongbo is primarily involved in the Manufacturing industry.

How old is Fang Hongbo?

Fang Hongbo is 59 years old.

Who is the current Chairman and President of Midea Group?

Paul Fang (方洪波) is the current Chairman and President of Midea Group, the world's largest producer of major appliances and a Fortune 500 company.

What educational qualifications does Paul Fang hold?

Paul Fang holds a Bachelor's Degree in History from East China Normal University and an EMBA from the National University of Singapore.

How did Paul Fang start his career at Midea?

Paul Fang joined Midea in 1992, starting his career in the Marketing Department.

When did Paul Fang become the Chairman and President of Midea Group?

Paul Fang succeeded Midea founder He Xiangjian as Chairman and President of Midea Group Co., Ltd. in 2013.

Does Paul Fang hold any significant positions at other companies?

Yes, Paul Fang currently serves as Chairman of Midea's subsidiary, Wuxi LittleSwan Co., Ltd. (000418.SZ).

USD

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