⬅ # 178 Charles Schwab|# 180 Yu Yong

# 179 Wang Wei 

$11.7B

Real Time Net Worth
as of 5/18/2024
$420.8M (3.59%)

# 179 Wang Wei 

$11.7B

Real Time Net Worth
as of 5/18/2024
$420.8M (3.59%)
OccupationFounder and Chair, SF Express
Source of WealthPackage Delivery
Age53
ResidenceShenzhen, China
Marital StatusMarried
Children3
Age-Adjusted Net Worth$18.8B
Wang Wei
Wang Wei
China
Net worth: $11.7B

Self-Made Score 

Wealth History

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Biography

Personal Info

Wang Wei, also known as 王卫 (Wáng Wèi), was born in Shanghai, China, in October 1970.
Raised in Hong Kong from the age of 7, he comes from a background where his father was a Russian language translator for the Chinese Air Force, and his mother was a university professor.
Despite not pursuing higher education, Wang entered the manufacturing sector after completing secondary school.

Entrepreneurial Journey

Founded SF Express (ShunFeng Express) in 1993 in Shunde, Guangdong
Initiated the company to address shipping delays from Shunde to Hong Kong
Started with a small courier service employing six individuals
Expanded SF Express to become a multinational courier service with over 400,000 employees by 2017

SF Express Details

SF Holding Chair: Wang Wei
Founded SF Express in 1993, headquartered in Shenzhen
Known for SF Express brand
Operational Approach: Relies on own employees, aircrafts, and vehicles for deliveries
Took SF Express public through a reverse merger on the Shenzhen Stock Exchange in 2017
Filed for a secondary listing in Hong Kong in 2023
Sold economical delivery unit Fengwang Information to J&T Express for $173 million in 2023

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

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 Wei's net worth of $11.7B.

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 Wei 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 Wei, Package Delivery is the primary source. 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