Basic Information About Wang Muqing
| Category | Business › Billionaires |
|---|---|
| Net worth | $1,100,000,000 |
| Social Media | ↗︎ Wikipedia |
Wang Muqing Net Worth
$1,100,000,000
Wang Muqing, a famous Chinese businessman, has a net worth of $1.06 billion. Despite experiencing a decline in his net worth due to industry challenges, Wang Muqing remains on the list of China’s richest individuals. He started with a single Nissan dealership and grew it into a successful distributor of luxury car brands like BMW, Audi, Land Rover, Jaguar, and Volvo, with multiple locations in central and eastern China.
Key facts:
- Wang Muqing is the founder and non-executive director of China ZhengTong Auto.
- In 1999, he started with a single Nissan dealership and expanded to become a distributor of luxury makes including BMW, Audi, Land Rover, Jaguar, and Volvo.
- In December 201, China ZhengTong Auto was listed on the Hong Kong exchange, leading to a rise in Wang Muqing's fortune.
- Despite a decline in net worth due to falling profit margins and share prices in the auto distribution industry, Wang Muqing still remains on the list of China's richest individuals.
- The company faces tough competition from partners of Toyota, Ford, and other brands in the market.
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