LeaderPortfolio
Yue
Wang Yue
Rank #3396
CHINATechnologyonline games

Wang Yue

Net Worth
$0.993B
-3.61% (24h)
Wang Yue is an online and mobile game entrepreneur. He is known for being the former CEO of Shanghai Kingnet Technology. Wang Yue became one of the youngest billionaires after the company successfully completed a backdoor listing in China in December 2015. However, he was later sentenced to prison for manipulating the securities market. Wang's career involved building Kingnet into a leading game developer and operator, with XY.com as a popular mobile application platform.

How to read Wang Yue'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 Wang Yue, we anchor the narrative to Online games and online games, 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 $0.993B alongside global rank #3396, 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 and Career

Wang Yue's career began in the online and mobile gaming industry. In 2008, he founded Shanghai Kingnet Technology, which rapidly grew to become a leading online and mobile game developer in China. Kingnet also operated the popular mobile phone application platform, xy.com.

Rise to Success

Wang Yue's success was significantly marked by Kingnet's backdoor listing in China in December 2015. This move propelled him into the ranks of the world's youngest billionaires. He received 148.7 million new shares, or 22% of Shenzhen-listed footwear materials maker Taiya Shoes in exchange for his 29.7% stake in Kingnet. Wang's total holding in Taiya Shoes was worth 9 billion yuan, or $1.4 billion.

Controversies and Downfall

In March 2019, Wang Yue resigned from his position at Kingnet and subsequently went incommunicado. Later, it was revealed that he had been arrested by Shanghai police for suspicion of manipulating the securities market. In December 2020, Wang was sentenced to five years and six months in prison and fined 10 million yuan ($1.5 million) by Shanghai No. 1 Intermediate People's Court for manipulating securities markets.

Career Timeline

2020

Imprisonment

Wang was sentenced to prison for stock manipulation.

2019

Resignation

Wang Yue resigned from his position at Kingnet.

2015

Backdoor Listing

Kingnet completed a backdoor listing, which made Wang Yue one of the youngest billionaires.

2008

Founded Kingnet

Wang founded Shanghai Kingnet Technology, an online and mobile game developer.

Key Business Ventures & Holdings

CompanyStakeValue
Alsco Pooling Service Co Ltd$27M

Net Worth History

In-Depth Analysis

Early Life and Career

Wang Yue's career began in the online and mobile gaming industry. In 2008, he founded Shanghai Kingnet Technology, which rapidly grew to become a leading online and mobile game developer in China. Kingnet also operated the popular mobile phone application platform, xy.com.

Rise to Success

Wang Yue's success was significantly marked by Kingnet's backdoor listing in China in December 2015. This move propelled him into the ranks of the world's youngest billionaires. He received 148.7 million new shares, or 22% of Shenzhen-listed footwear materials maker Taiya Shoes in exchange for his 29.7% stake in Kingnet. Wang's total holding in Taiya Shoes was worth 9 billion yuan, or $1.4 billion.

Controversies and Downfall

In March 2019, Wang Yue resigned from his position at Kingnet and subsequently went incommunicado. Later, it was revealed that he had been arrested by Shanghai police for suspicion of manipulating the securities market. In December 2020, Wang was sentenced to five years and six months in prison and fined 10 million yuan ($1.5 million) by Shanghai No. 1 Intermediate People's Court for manipulating securities markets.

Data Sources & Methodology

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