Wu is the chairman of Ningbo Tuopu Group, a manufacturer of car parts including suspension equipment and electronic brakes. The Ningbo, China-based company supplies parts to car makers including Audi, BMW, Ford and General Motors. It reported revenue of 26.6 billion yuan ($3.7 billion) in 2024.
The majority of Wu's fortune is derived from publicly traded Ningbo Tuopu Group. The Ningbo, China-based auto part manufacturer and counts Audi, BMW, Ford and General Motors among its partners, according to the company website.
He controls 58% of the business directly and through holding companies and with his son, according to the company's 2025 third-quarter report and a filing in September 2025.
The value of his cash investments is based on an analysis of these proceeds, as well as taxes and market performance.
Wang Mingzhen and Gong Yuchao, representatives for Ningbo Tuopu Group, didn't respond to requests for comment on the net worth calculation.
Jianshu Wu was born in Ninghai, Zhejiang in 1964. He began his career producing rubber car shock absorbers in Zhejiang, along with his elder brother Jianjun.
He founded Ningbo Tuopo in 1983, and developed partnerships with a number of global car manufacturers including Audi, Fiat Chrysler, Ford and General Motors.
He became a resident of Hong Kong in November 2006 and took Ningbo Tuopu public in March 2015.
Wu's son, Wu Haonian, was appointed as Ningbo Tuopo's vice chairman in October 2023.