NetWorth
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Hongbo
Fang Hongbo
Rank #2219
CHINA•Manufacturing•Home appliances

Fang Hongbo

Net Worth
$1.853B
+2.87% (24h)
Fang Hongbo is the Chairman and President of Midea Group, a global leader in home appliances. His career, starting in Midea's marketing department in 1992, has seen him rise through the ranks, holding key positions such as General Manager of the Air Conditioning Business Department, and President of Midea Refrigeration Electric Appliances Group. Under his leadership, Midea has transformed into the world's largest producer of major appliances, driving innovation, global market expansion, and a commitment to sustainable growth. His net worth reflects his success and significant stake in the publicly traded company.

How to read Fang Hongbo's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Fang Hongbo, we anchor the narrative to Home appliances and Home appliances, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.853B alongside global rank #2219, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CHINA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Fang Hongbo was born in China and joined Midea Group in 1992, commencing his career in the Marketing Department. Details about his early life and childhood are not publicly available.

Rise to Success

Fang Hongbo's career trajectory within Midea Group has been marked by significant milestones. He held key leadership positions, including General Manager of the Air Conditioning Business Department, and President of Midea Refrigeration Electric Appliances Group. In 2013, Fang succeeded He Xiangjian, the founder of Midea, as Chairman and President of Midea Group Co., Ltd. (000333.SZ).

Key Business Strategies

Under Fang's leadership, Midea Group has pursued aggressive global expansion and a transformation from a traditional appliance maker into a high-tech industrial powerhouse. This has involved strategic acquisitions, such as the purchase of KUKA, the German robotics company. Midea has also focused on innovation, driving the development of cutting-edge technologies and products while expanding its global reach to over 200 countries. Fang has also placed an emphasis on operational excellence and sustainability.

Philanthropy

While specific philanthropic amounts are not readily available, Midea Group demonstrates a commitment to social responsibility, with initiatives focusing on environmental sustainability and community engagement. Midea has also invested heavily in R&D.

Career Timeline

2013

Chairman and President

Appointed as Chairman and President of Midea Group Co., Ltd.

Leadership Roles

President

President of Midea Refrigeration Electric Appliances Group.

Promoted

General Manager

General Manager of Midea's Air Conditioning Business Department.

1992

Joined Midea Group

Began his career in the Marketing Department.

Philanthropic Impact

Environmental sustainability and community engagementUndisclosed

Not specified

Midea Group demonstrates a commitment to social responsibility, with initiatives focusing on environmental sustainability and community engagement.

Key Business Ventures & Holdings

CompanyStakeValue
Midea Group1.69%—

Net Worth History

In-Depth Analysis

Early Life

Fang Hongbo was born in China and joined Midea Group in 1992, commencing his career in the Marketing Department. Details about his early life and childhood are not publicly available.

Rise to Success

Fang Hongbo's career trajectory within Midea Group has been marked by significant milestones. He held key leadership positions, including General Manager of the Air Conditioning Business Department, and President of Midea Refrigeration Electric Appliances Group. In 2013, Fang succeeded He Xiangjian, the founder of Midea, as Chairman and President of Midea Group Co., Ltd. (000333.SZ).

Key Business Strategies

Under Fang's leadership, Midea Group has pursued aggressive global expansion and a transformation from a traditional appliance maker into a high-tech industrial powerhouse. This has involved strategic acquisitions, such as the purchase of KUKA, the German robotics company. Midea has also focused on innovation, driving the development of cutting-edge technologies and products while expanding its global reach to over 200 countries. Fang has also placed an emphasis on operational excellence and sustainability.

Philanthropy

While specific philanthropic amounts are not readily available, Midea Group demonstrates a commitment to social responsibility, with initiatives focusing on environmental sustainability and community engagement. Midea has also invested heavily in R&D.

Data Sources & Methodology

Figures for Fang Hongbo are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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