Wang Liping built his fortune by founding Jiangsu Hengli Hydraulic in 1990 and scaling it from a hydraulic-cylinder manufacturer into a multinational supplier of hydraulic components and systems. [1][2]
He founded Hengli and built the operating base
Forbes identifies Wang Liping as the founder and chairman of Jiangsu Hengli Hydraulic and says he started the company in 1990. [1]
Hengli's own history also dates the company's establishment to 1990, providing direct company evidence for the founding point behind Wang's wealth. [2]
The reviewed record does not point to an inherited operating business or preexisting family fortune as the economic base of his billionaire stake, so the ownership story is primarily one of company creation and expansion. [1][2]
The company expanded from cylinders into a global hydraulic platform
Forbes says Hengli now makes oil cylinders, hydraulic valves and hydraulic castings and serves industrial customers including Caterpillar, Kobelco and Sany Heavy Industry. [1]
Hengli says it has expanded from hydraulic-cylinder manufacturing into a broader hydraulic-components business with research centers and manufacturing bases across China, Germany, the United States, Japan and Mexico. [2]
Sources for background
Sources reviewed Sep 24, 2026.
- Wang Liping & family · Forbes · Mar 10, 2026
- About Us - History · Hengli Hydraulic
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