What is Zhang Hongwei's Net Worth?
Zhang Hongwei is a Chinese entrepreneur who has a net worth of $1.6 billion. Zhang Hongwei secured his place among China's richest as chairman of United Energy Group, one of the largest private-sector oil businesses in the country. In 2011, the group took over the upstream operations of BP in Pakistan for $775 million and has since expanded production there. In addition, Zhang's Orient Group Incorporation holds a 3.1% stake of China Minsheng Banking, one of the largest non-government controlled banks in China.
Aside from being a shareholder, Hongwei also serves as the bank's vice chairman. His other interests include various shares in real estate and retailing. A father of three, he appointed his daughter Zhang Meiying as a director at United Energy.
