Net Worth

Liang Wengen Biography & Net Worth 

Liang Wengen Biography & Net Worth 

Liang Wengen Biography & Net Worth

Popular Name: Liang Wengen
Real Name: Liang Wengen
Birth Date: 1956
Birth Place:
Lianyuan, Hunan, China
Age: 66
Gender: Male
Nationality/Citizenship: Chinese
Height: N/A
Weight: N/A
Sexuality: Straight
Marital Status: Married
Spouse(s):
N/A
Children: 1
Profession: Businessman
Years active: N/A
Net Worth: $4 Billion
Last Updated: 2022

 

 

In this biography and career success article, we will be talking about Liang Wengen, a Chinese entrepreneur and the chief executive officer of Sany Heavy Industry. Mr. Wengen is a successful industrialist in the fields of heavy manufacturing. He is one of the wealthiest people in China, but you may never know it because of his quiet and humble ways. He is the founder, chairman, and chief executive officer of the Sany Heavy Industry, an establishment that has been included among the top profitable businesses in China in recent times. In the year 2011, he achieved a personal record of becoming the richest man in mainland China. More details follow below.

 

Early Life: Childhood, Education

Mr. Wengen wasn’t always a rich person. In actuality, he was born into hardship and had to struggle for many things as theirs was a poor peasant family residing in Lianyuan, Hunan province where he was born in 1956. Although today he is easily identified as the man who founded heavy industry manufacturer Sany Group in Changsha, Hunan, and now leads it as chairman and is its major shareholder, he did a series of odd jobs to be able to sustain himself before eventually getting a breakthrough in the later years of his life. He worked at a state arms plant as a top manager for a while before getting involved in the building equipment industry.

Through his different small jobs, he was able to pay his tuition as education was always an important agenda for him. He has a bachelor’s degree from Central South University.

 

Professional Life: Business Career & Activities

Mr. Liang Wengen has been a vital part of the economic growth of China since 1978. He started by working with state-owned plants of arms, and today he tops the list of the richest individuals in his beloved country.

Alongside three business partners, he started Sany Group in the 1980s at the time when it was the first Chinese firm to conduct a structural reform of split stocks. It started establishing overseas acquisitions, and thus became an internationally known business venture.

In the year 1986, Wengen had quit his state-run firm position, and tried to trade ships, but could only meet failure. He tried his hands at several other businesses, which included winemaking, but they all ended in failure. Then, he returned and started concentrating on heavy industry.

The country’s development in infrastructure construction provided several opportunities to many industrialists, including Liang Wengen, and it helped him to become successful in the industry. According to him, despite that he and his team did not know much about infrastructure projects, they surely knew the equipment needed in the infrastructure construction. As China made its economy more open and industrious, the Sany Group was able to split the monopoly of the state, and smash the dominance of foreign players. Gradually, Wengen recruited talented managers in his company, with whom he quickly developed his business into one of the leading construction equipment makers and distributors in the country.

For several years, Liang Wengen and his company and business partners have been dominating the heavy manufacturing industry of China. His operations are expanded to more than 100 different regions of the world.

Through the efforts of Liang Wengen, Sany Group has been cultivated into one of the world’s largest concrete equipment producers, taking up 50 percent shares in the Chinese market today thanks to their highly competitive products.

 

Personal Life: Wife, Children

Mr. Liang Wengen is married and has one son, Liang Zhizhong. He resides in Changsha with his family.

He first entered the list of the wealthiest men in china in 2011, and since then, he has only grown stronger in wealth and affluence.

 

Liang Wengen Net Worth: Salary, Income Sources, Assets

The founder and main shareholder of Sany Group, Mr. Liang Wengen has a net worth of 4 billion dollars. He controls 56 percent of the heavy industry manufacturer based in Changsha, Hunan Province, in China. His net worth has dropped in recent times due to government policies that slowed price increase in the real estate industry. Consequently, shares in his Sany Heavy Industry (a construction equipment manufacturer) plummeted 45 percent in 2012, together with its coal mining equipment arm listed on Hong Kong Stock Exchange, which also went down. In September of the same year, his Sany Group suffered a public relations embarrassment when it was rejected by the United States to build a wind farm next to a military base in Oregon. But opposite to the United States impediment, the Sany Company collaborated with CITIC Private Equity Advisors of China to acquire Putzmeister of Germany, considered one of the world’s largest concrete pump producers.

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