Wang Chuanfu net worth is estimated to be $19 billion. Wang Chuanfu is a Chinese billionaire with interests in electric vehicle manufacturing. He is the boss of BYD which is the largest EV company in the world by sales. Build your dreams or BYD overtook Tesla in 2022.
Berkshire Hathaway has invested $230 million in BYD which is approximately 8 percent of the shares.
The billionaire was born in a farm in 1966 and was later orphaned as a teen and as a result he was raised by his brother and sister.
He passed his exams and made it to college where he was trained on battery technology. Wang is a co-founder of BYD to manufacture rechargeable batteries. He is a self-made billionaire with a Master of Science and Bachelors degree from Central South Industrial University of Technology.
BYD started out manufacturing batteries for the mobile phone market with customers being Nokia and Motorola.
BYD was established in 1995 using a loan from a friend. This was the first Chinese lithium-ion supplier to Nokia and Motorola.
BYD commenced its business in electric vehicles in 2003 when it entered into production of hybrid vehicles in 2008.
Wang has a relentless work ethic which included worked for 70 hours a week as well as his engineering skills. He is alleged to be better at making things than Elon Musk of Tesla. Wang keeps a low profile in his operations unlike Elon Musk.
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