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Qiu Jianping & family
Rank #924
CHINA•Manufacturing•Hand tools

Qiu Jianping & family

Net Worth
$4.537B
-3.66% (24h)
Qiu Jianping, the chairman of Hangzhou GreatStar Industrial, is a self-made billionaire renowned for his leadership in the hand tool manufacturing industry. Born in 1962, Qiu founded GreatStar Holding Group in 1993 after leaving a state-owned company. Today, the group has interests in tires, forklifts, diesel engines, and robotics. As of March 24, 2026, his net worth is estimated at $4.5 billion, placing him among the world's wealthiest individuals. Qiu's career highlights his commitment to independent innovation and enterprise transformation, with a focus on smart logistics and advanced manufacturing techniques.

How to read Qiu Jianping & family'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 Qiu Jianping & family, we anchor the narrative to Hand tools and Hand tools, 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 $4.537B alongside global rank #924, 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

Qiu Jianping was born in 1962. After graduating with a master's degree, Qiu began his career in 1985 at a state-owned company. Dissatisfied with his wage, he ventured into entrepreneurship at the age of 30, marking the beginning of his successful career.

Rise to Success

In 1993, Qiu founded GreatStar Holding Group. The company has grown to be one of Asia's largest hand tool manufacturers. Qiu’s strategic vision extended beyond hand tools; he acquired Hangcha Group, a major forklift truck maker. Hangcha's IPO in 2016 further boosted Qiu's wealth. His commitment to innovation and expansion, including investment in new technologies and global partnerships, has been central to his achievements.

Key Business Strategies

Qiu's business strategies focus on independent innovation and market expansion. He has consistently promoted the transformation and upgrading of enterprises, diversifying into tires, forklifts, diesel engines, and robotics. His focus on smart logistics and investment in advanced manufacturing has contributed to his success.

Philanthropy

In 2021, Qiu donated $40.31 million to the Xiamen University Educational Development Foundation to support the construction of disciplines in the School of Chemistry and Engineering, the School of Public Health, and the School of Life Sciences, as well as the development of the school's educational endeavors. This donation placed him high on the lists for total giving and generosity.

Career Timeline

2025

Zhongce Rubber Group went public

GreatStar's subsidiary Zhongce Rubber Group, China's largest tire maker by sales, went public on the Shanghai Stock Exchange.

2016

Hangcha Group IPO

Hangcha Group went public on the Shanghai Stock Exchange.

2011

Invested in Hangcha Group

Acquired Hangcha Group, a forklift truck maker.

1993

Founded GreatStar Holding Group

Founded GreatStar Holding Group, which became one of Asia's largest hand tool manufacturers.

Philanthropic Impact

Education$40.31M

Xiamen University Educational Development Foundation Donation

Donated to support the construction of disciplines in the School of Chemistry and Engineering, the School of Public Health, and the School of Life Sciences, as well as the development of the school's educational endeavors.

Key Business Ventures & Holdings

CompanyStakeValue
Hangcha Group30.20%$0.53M

Net Worth History

In-Depth Analysis

Early Life

Qiu Jianping was born in 1962. After graduating with a master's degree, Qiu began his career in 1985 at a state-owned company. Dissatisfied with his wage, he ventured into entrepreneurship at the age of 30, marking the beginning of his successful career.

Rise to Success

In 1993, Qiu founded GreatStar Holding Group. The company has grown to be one of Asia's largest hand tool manufacturers. Qiu’s strategic vision extended beyond hand tools; he acquired Hangcha Group, a major forklift truck maker. Hangcha's IPO in 2016 further boosted Qiu's wealth. His commitment to innovation and expansion, including investment in new technologies and global partnerships, has been central to his achievements.

Key Business Strategies

Qiu's business strategies focus on independent innovation and market expansion. He has consistently promoted the transformation and upgrading of enterprises, diversifying into tires, forklifts, diesel engines, and robotics. His focus on smart logistics and investment in advanced manufacturing has contributed to his success.

Philanthropy

In 2021, Qiu donated $40.31 million to the Xiamen University Educational Development Foundation to support the construction of disciplines in the School of Chemistry and Engineering, the School of Public Health, and the School of Life Sciences, as well as the development of the school's educational endeavors. This donation placed him high on the lists for total giving and generosity.

Data Sources & Methodology

Figures for Qiu Jianping & family 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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