Wang is a co-founder and vice chairman of Luxshare Precision Industry, a maker of electronic cables in China. The Dongguan-based business provides connectivity and cabling for smartphones and as well as the cloud computing, automotive and medical industries. It had revenue of 268 billion yuan ($37 billion) in 2024.
The majority of Wang's fortune is from his 19% stake in Luxshare Precision Industry, a manufacturer of electronic cables and connectors in China.
Wang owns the stake through holding company Lixun, according to the company's February 2026 filing. He owns the holding company with his sister, Wang Laichun, and each is credited with half of the shares held. About one-third of the shares are pledged and removed from the net worth calculation.
David Huang, a spokesman for the company, didn't respond to a request for comment on the net worth calculation.
Wang was born in 1964 and started his career in commercial trading in the 1980s. Hi sister, Wang Laichun, began working in the assembly department at Foxconn in 1988 and she left the company 10 years later to set-up her own business.
Wang and his sister acquired stakes in Hong Kong Luxshare in 1999 before acquiring the chairman and vice chairman roles in 2004. Hong Kong Luxshare later invested in a connector manufacturing business in mainland China, the predecessor of Luxshare Precision Industry, according to a January 2020 bond prospectus.
The company began trading publicly in Shenzhen in 2010.