⬅ # 127 John Fredriksen|# 129 Pavel Durov

# 128 Wang Chuanfu 


Real Time Net Worth
as of 5/18/2024
$89.4M (0.56%)

# 128 Wang Chuanfu 


Real Time Net Worth
as of 5/18/2024
$89.4M (0.56%)
OccupationFounder and Chair, BYD
Source of WealthBatteries, Automobiles
ResidenceShenzhen, China
Marital StatusMarried
EducationMS, Beijing Non-Ferrous Research Institute; BS, Central South Industrial University of Technology
Age-Adjusted Net Worth$18.3B
Wang Chuanfu
Wang Chuanfu
Net worth: $16.0B

Self-Made Score 

Wealth History

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Early Life and Education

Wang Chuanfu was born in February 1966 in a farm village in one of China's poorest provinces.
Orphaned as a teen, he was raised by his elder brother and sister.

Education and Career Beginnings

Wang Chuanfu earned a bachelor's degree in metallurgical physical chemistry from Central South University of Technology in 1987.
He excelled in college and focused on battery technology.
In 1995, he founded Shenzhen BYD Industrial Co., Ltd., initially as a rechargeable battery company.

BYD's Growth and Achievements

Under Wang Chuanfu's leadership, BYD became the world's largest EV company by sales, surpassing Tesla in 2022 and holding 21% of the global market.
Warren Buffett's Berkshire Hathaway invested $230 million in BYD in 2008, acquiring an 8% stake in the company.
BYD, under Wang's vision, expanded into the four major industries of automobiles, rail transit, new energy, and electronics.

Technological Innovation and Recognition

Wang Chuanfu has been a driving force behind BYD's commitment to technological innovation.
BYD has applied for more than 38,000 patents, with over 26,000 authorized internationally.
He is a founding member of the 'Sustainable Development Advisory Committee' of the United Nations Development Program.
In 2014, he received the 'Zayed Future Energy Prize’s lifetime achievement award' for BYD's global contributions.
Wang Chuanfu has been recognized by Bloomberg, Fortune, and Forbes for his leadership and contributions to sustainable development.

How long would it take you to become as rich as Wang Chuanfu?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Wang Chuanfu's net worth of $16.0B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

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Wang Chuanfu is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Wang Chuanfu, Batteries and Automobiles are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey