What is Huang Wei's Net Worth?
Huang Wei is a Chinese real estate businessman who has a net worth of $1.7 billion. Born in 1959, he is a founder of Zhejiang Xinhu Group, a real estate developer and investment company. This is Wei's main holding company through which he controls all his investments and assets. The head office of the company is based in Hangzhou, and it operates with more than 30 real estate projects in approximately 20 cities. Graduated from Wenzhou Normal College, Wei serves as the Chairman of Xinhu Zhongbao Co.
Ltd., a real estate company which announced investment plans of $2 billion in property in Shanghai. He also plans an investment of $217 million in the Bank of Wenzhou, which will make him an owner of 14% of the bank, if the deal wins. Moreover, he holds shares in Chengdu Rural Commercial Bank, Shengjing Bank, Xinhu Futures and Xiangcai Securities, and he invests in pharmaceuticals and minerals. Wei constantly expands his property investments, and in 2010, he bought 35% of Times Group, Guangzhou-based real estate company, for $200 million. Next year, Wei said that he would launch a joint venture movie and television production company in partnership with the famous Chinese film figures He Yanjiang and Hu Mei.
