Fan Hongwei

Fan Hongwei (simplified Chinese: 范红卫; traditional Chinese: 范紅衛; pinyin: Fàn Hóngwèi) is a Chinese entrepreneur and billionaire who is the chair and CEO of the chemical fiber company Hengli Petrochemical (恒力石化) and vice chair of its holding company Hengli Group (恒力集团).[1][3][4][5] She was the fourth richest woman in China in 2019.[6]

Fan Hongwei
范红卫
BornFebruary 1967 (age 56)[1][2]
Jiangsu Province
NationalityChinese
OccupationCEO of Hengli Petrochemical
SpouseChen Jianhua

Early life and education

Fan was born in February 1967 in Jiangsu Province, China.[1][3] She attended Nanjing Normal University.[7]

Career

Fan started her career as an accountant.[3]

In 1994, Fan and her husband Chen Jianhua (陈建华) took out a 3 million RMB loan to buy Wujiang Chemical Fibre Textile Factory (吴江化纤织造厂), a failing textile factory in Wujiang, Suzhou.[3][8][9] Fan took over the factory as general manager, and she and Chen restructured the company and grew it from a factory with 27 employees into the largest fiber producer in China and one of the largest weaving companies in the world.[3][9][10][11]

The company is now known as Hengli Group, and its main unit is Hengli Petrochemical.[9] According to the company, Hengli Petrochemical became publicly traded through a backdoor listing on the Shanghai Stock Exchange in 2016.[9] In 2019, Hengli Group earned more than 500 billion RMB in revenue.[4] Its activities include refining petroleum to produce polyester, manufacturing chemical fibers, and real estate.[4][9][8] It mainly serves the apparel industry,[3] but also produces chips and filaments for packaging, electronics, and pharmaceuticals.[9] It has factories in Nantong, Suqian, and Suzhou.[12]

Fan owns a 45% stake in Hengli Petrochemical.[9] In 2020, Forbes estimated her and her family's net worth at US$6 billion.[13] As of 2021, her net worth is estimated at US$23 billion.[3]

Recognition

In 2020 she was included on Forbes's list of the 50 top CEOs in China[14] and on Fortune's list of the 50 most influential business leaders in China.[15] The same year, she was ranked sixth on Hurun's list of the world's richest self-made women, with an estimated net worth of 53 billion RMB.[16]

In 2021, Forbes listed her as one of China's 20 top businesswomen.[5]

China Daily has listed her as one of the ten richest women in China three times: she was ranked fifth in 2018,[17] fourth in 2019,[6] and seventh in 2020.[18]

Personal life

Fan's husband Chen Jianhua (陈建华) is also a billionaire. He is the chair and director of Hengli Group.[3][19] Their daughter Chen Yiting (陈逸婷), born in 1993, is a director of Tongli Lake Travel (同里旅游), a subsidiary of Hengli Group.[12][20]

Fan lives in Suzhou.[16]

See also

References
  1. "恒力石化(600346)公司高管". vip.stock.finance.sina.com.cn. Retrieved 2 April 2021.
  2. "江苏女首富、恒力股份"铁娘子"范红卫财富超上海滩郭广昌_财富号_东方财富网". caifuhao.eastmoney.com. Retrieved 4 April 2021.
  3. "China is now home to two-thirds of the world's top women billionaires". South China Morning Post. 27 March 2021. Archived from the original on 28 March 2021. Retrieved 28 March 2021.
  4. "2020中国最具影响力的商界女性(未来榜)：金刻羽、刘畅、薇娅入选". finance.sina.com.cn. 2 December 2020. Archived from the original on 2 April 2021. Retrieved 2 April 2021.
  5. "福布斯2021年度中国杰出商界女性榜：上榜者平均年龄50岁". finance.sina.com.cn. 22 February 2021. Archived from the original on 29 March 2021. Retrieved 29 March 2021.
  6. "Top 10 richest women in China 2019". global.chinadaily.com.cn. Retrieved 4 April 2021.
  7. "Hongwei Fan, Hengli Petrochemical Co Ltd: Profile and Biography". Bloomberg.com. Retrieved 2 April 2021.
  8. ""她们"的百亿神话". finance.sina.com.cn. 8 March 2021. Retrieved 2 April 2021.
  9. "Bloomberg Billionaires Index". Bloomberg.com. Retrieved 2 April 2021.
  10. "范红卫". 财富中文网 (in Chinese (China)). Retrieved 4 April 2021.
  11. "江苏新首富诞生，4个多月赚1250亿元，坐拥2600亿身家". http. Retrieved 4 April 2021.
  12. "Fan Hongwei & family". Forbes. Archived from the original on 20 December 2020. Retrieved 2 April 2021.
  13. "2020福布斯 - 最新热门榜单 - 人 - 福布斯中国". Forbes China. Archived from the original on 14 August 2020. Retrieved 30 March 2021.
  14. "福布斯发布中国最佳CEO榜，50位变局中的锐力量 - 商业 - 福布斯中国". Forbes China. Archived from the original on 29 March 2021. Retrieved 29 March 2021.
  15. "2020年中国最具影响力的50位商界领袖". 财富中文网 (in Chinese (China)). Archived from the original on 4 August 2020. Retrieved 30 March 2021.
  16. "2020胡润全球白手起家女富豪榜(搜索版)". finance.sina.com.cn. Archived from the original on 31 March 2021. Retrieved 31 March 2021.
  17. "Top 10 richest women in China 2018". www.chinadaily.com.cn. Retrieved 4 April 2021.
  18. "Top 10 richest Chinese women in 2020". www.chinadaily.com.cn. Retrieved 4 April 2021.
  19. "陈建华董事长与俄罗斯石油公司高管艾默生·米兰斯基会晤-公司要闻-恒力(大连长兴岛）产业园". www.henglipc.com. Retrieved 3 April 2021.
  20. "恒力石化大跌：成品油零售公司剥离后大举扩张、二代陈逸婷崛起". www.bjnews.com.cn (in Chinese). Retrieved 3 April 2021.
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