Zhang is the chairman of China Hongqiao Group, a closely-held aluminum producer. The Shandong, China-based group reported revenue of 156.2 billion yuan ($21.7 billion) in 2024. Zhang Hongxia, Bo's sister, is the chairman of Weiqiao Textile. Their father and family patriarch, Zhang Shiping, died in 2019.
The majority of the Zhang's fortune is derived from a majority stake in China Hongqiao Group, an aluminum producer.
Zhang is the chairman of China Hongqiao and owns about 61% of the company through a family trust, according to its January 2026 filing.
They hold a 51% stake in closely-held parent Shandong Weiqiao Pioneering Group, a textile maker with revenue of 591.5 billion yuan ($82.3 billion) in 2025, based on a Dec. 30, 2025 company announcement. The valuation is based on the average price-to-earnings multiple of two publicly traded peers: Zhejiang Taihua New Material Group Co Ltd and Lu Thai Textile Co Ltd.
Zhang Bo & family is credited with the fortune following the death of family patriarch Zhang Shiping in 2019.
Cash holdings are valued based on an analysis of dividends, insider transactions, market performance and taxes.
Christine Wong, a spokesman for China Hongqiao, declined to comment on Zhang's net worth.
Born in 1970 in Shandong, China, Zhang Bo is the son of Zhang Shiping, the late founder of China Hongqiao Group, an aluminum products maker in China.
Bo studied at Shandong Broadcast and Television University majoring in financial accounting and obtained a bachelor's degree in economics in 1996. He later obtained a master's degree in software engineering from Wuhan University in 2005, according to a company filing.
He has held various roles at Hongqiao's subsidiaries since 2006 and became an executive director and chief executive officer of China Hongqiao in 2011.
Bo was appointed chairman of the group in May 2019.