LeaderPortfolio
Xueping
Ruan Xueping
Rank #809
HONG KONGManufacturingPower strip

Ruan Xueping

Net Worth
$5.084B
-0.02% (24h)
Ruan Xueping, a 54-year-old Hong Kong citizen residing in Ningbo, China, is the vice chairman of the Shanghai-listed Goneo Group, a leading power strip supplier. With an estimated net worth of $5.06 billion as of March 2026, Ruan's wealth stems from his involvement in the manufacturing industry, specifically through his co-founding of Gongniu Group (now Goneo Group) with his elder brother in 1995. His career began as an engineer before transitioning to entrepreneurship, focusing on creating safe and reliable power solutions. Ruan's achievements include building a global fortune in a traditionally overlooked sector, highlighting his focus on quality and distribution.

How to read Ruan Xueping'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 Ruan Xueping, we anchor the narrative to Power strip and Power strip, 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 $5.084B alongside global rank #809, 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 (HONG KONG) 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

Ruan Xueping was born in 1972 and trained as an engineer. He later co-founded Gongniu Group (now Goneo Group) with his elder brother, Ruan Liping, in 1995.

Rise to Success

Ruan's journey to becoming a billionaire began with the establishment of Gongniu Group, which is known for its adapter plugs. The company's initial focus was on creating reliable and safe sockets and power strips. The strategy included investing in research, development, and quality materials. Ruan's focus on product engineering, attention to materials, and distribution have been key to his success.

Key Business Strategies

The core strategy has been to secure scale and trust within the market. This has meant steady revenue growth and a concentrated ownership stake. While there have been challenges, including investigations into anti-competitive practices and product safety incidents, the company has remained rooted in the core principles of quality and engineering.

Philanthropy

There is no readily available information regarding his specific philanthropy amounts or initiatives.

Career Timeline

1995

Co-founded Gongniu Group (now Goneo Group)

Founded the company with his elder brother, Ruan Liping, focusing on reliable and safe power solutions.

Philanthropic Impact

UnknownUndisclosed

Unknown

Information not available.

Key Business Ventures & Holdings

CompanyStakeValue
Goneo Group14.17%$1.721M

Net Worth History

In-Depth Analysis

Early Life

Ruan Xueping was born in 1972 and trained as an engineer. He later co-founded Gongniu Group (now Goneo Group) with his elder brother, Ruan Liping, in 1995.

Rise to Success

Ruan's journey to becoming a billionaire began with the establishment of Gongniu Group, which is known for its adapter plugs. The company's initial focus was on creating reliable and safe sockets and power strips. The strategy included investing in research, development, and quality materials. Ruan's focus on product engineering, attention to materials, and distribution have been key to his success.

Key Business Strategies

The core strategy has been to secure scale and trust within the market. This has meant steady revenue growth and a concentrated ownership stake. While there have been challenges, including investigations into anti-competitive practices and product safety incidents, the company has remained rooted in the core principles of quality and engineering.

Philanthropy

There is no readily available information regarding his specific philanthropy amounts or initiatives.

Data Sources & Methodology

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