Fan Hongwei

Chinese entrepreneur and billionaire

Fan Hongwei

范红卫
Born| February 1967 (age 58)[1][2]

Jiangsu Province

Nationality| Chinese
Occupation| CEO of Hengli Petrochemical
Spouse| Chen Jianhua

Fan Hongwei (simplified Chinese: 范红卫; traditional Chinese: 范紅衛; pinyin: Fàn Hóngwèi; born February 1967) is a Chinese entrepreneur and billionaire who is the chair and CEO of the chemical fiber company Hengli Petrochemical (恒力石化) and vice chair of its holding company Hengli Group (恒力集团).[1][3][4][5] She was the fourth richest woman in China in 2019.[6]

## Early life and education

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Fan was born in February 1967 in Jiangsu Province, China.[1][3] She attended Nanjing Normal University.[7]

## Career

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Fan started her career as an accountant.[3]

In 1994, Fan and her husband Chen Jianhua (陈建华) took out a 3 million RMB loan to buy Wujiang Chemical Fibre Textile Factory (吴江化纤织造厂), a failing textile factory in Wujiang, Suzhou.[3][8][9] Fan took over the factory as general manager, and she and Chen restructured the company and grew it from a factory with 27 employees into the largest fiber producer in China and one of the largest weaving companies in the world.[3][9][10][11]

The company is now known as Hengli Group, and its main unit is Hengli Petrochemical.[9] According to the company, Hengli Petrochemical became publicly traded through a backdoor listing on the Shanghai Stock Exchange in 2016.[9] In 2019, Hengli Group earned more than 500 billion RMB in revenue.[4] Its activities include refining petroleum to produce polyester, manufacturing chemical fibers, and real estate.[4][9][8] It mainly serves the apparel industry,[3] but also produces chips and filaments for packaging, electronics, and pharmaceuticals.[9] It has factories in Nantong, Suqian, and Suzhou.[12]

Fan owns a 45% stake in Hengli Petrochemical.[9] In 2020, Forbes estimated her and her family's net worth at US$6 billion.[13] As of 2021, her net worth is estimated at US$23 billion.[3]

## Recognition

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In 2020 she was included on Forbes's list of the 50 top CEOs in China[14] and on Fortune's list of the 50 most influential business leaders in China.[15] The same year, she was ranked sixth on Hurun's list of the world's richest self-made women, with an estimated net worth of 53 billion RMB.[16]

In 2021, Forbes listed her as one of China's 20 top businesswomen.[5]

China Daily has listed her as one of the ten richest women in China three times: she was ranked fifth in 2018,[17] fourth in 2019,[6] and seventh in 2020.[18]

## Personal life

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Fan's husband Chen Jianhua (陈建华) is also a billionaire. He is the chair and director of Hengli Group.[3][19] Their daughter Chen Yiting (陈逸婷), born in 1993, is a director of Tongli Lake Travel (同里旅游), a subsidiary of Hengli Group.[12][20]

Fan lives in Suzhou.[16]

## See also

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* List of female billionaires
* Petrochemical industry

## References

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1. ^ a b c "恒力石化(600346)公司高管". vip.stock.finance.sina.com.cn. Retrieved 2 April 2021.
2. ^ "江苏女首富、恒力股份"铁娘子"范红卫财富超上海滩郭广昌_财富号_东方财富网". caifuhao.eastmoney.com. Retrieved 4 April 2021.
3. ^ a b c d e f g h "China is now home to two-thirds of the world's top women billionaires". South China Morning Post. 27 March 2021. Archived from the original on 28 March 2021. Retrieved 28 March 2021.
4. ^ a b c "2020中国最具影响力的商界女性(未来榜)：金刻羽、刘畅、薇娅入选". finance.sina.com.cn. 2 December 2020. Archived from the original on 2 April 2021. Retrieved 2 April 2021.
5. ^ a b "福布斯2021年度中国杰出商界女性榜：上榜者平均年龄50岁". finance.sina.com.cn. 22 February 2021. Archived from the original on 29 March 2021. Retrieved 29 March 2021.
6. ^ a b "Top 10 richest women in China 2019". global.chinadaily.com.cn. Retrieved 4 April 2021.
7. ^ "Hongwei Fan, Hengli Petrochemical Co Ltd: Profile and Biography". Bloomberg.com. Retrieved 2 April 2021.
8. ^ a b ""她们"的百亿神话". finance.sina.com.cn. 8 March 2021. Retrieved 2 April 2021.
9. ^ a b c d e f g "Bloomberg Billionaires Index". Bloomberg.com. Retrieved 2 April 2021.
10. ^ "范红卫". 财富中文网 (in Chinese (China)). Retrieved 4 April 2021.
11. ^ "江苏新首富诞生，4个多月赚1250亿元，坐拥2600亿身家". http. Retrieved 4 April 2021.
12. ^ a b "Fan Hongwei & family". Forbes. Archived from the original on 20 December 2020. Retrieved 2 April 2021.
13. ^ "2020福布斯 - 最新热门榜单 - 人 - 福布斯中国". Forbes China. Archived from the original on 14 August 2020. Retrieved 30 March 2021.
14. ^ "福布斯发布中国最佳CEO榜，50位变局中的锐力量 - 商业 - 福布斯中国". Forbes China. Archived from the original on 29 March 2021. Retrieved 29 March 2021.
15. ^ "2020年中国最具影响力的50位商界领袖". 财富中文网 (in Chinese (China)). Archived from the original on 4 August 2020. Retrieved 30 March 2021.
16. ^ a b "2020胡润全球白手起家女富豪榜(搜索版)". finance.sina.com.cn. Archived from the original on 31 March 2021. Retrieved 31 March 2021.
17. ^ "Top 10 richest women in China 2018". www.chinadaily.com.cn. Retrieved 4 April 2021.
18. ^ "Top 10 richest Chinese women in 2020". www.chinadaily.com.cn. Retrieved 4 April 2021.
19. ^ "陈建华董事长与俄罗斯石油公司高管艾默生·米兰斯基会晤-公司要闻-恒力(大连长兴岛）产业园". www.henglipc.com. Retrieved 3 April 2021.
20. ^ "恒力石化大跌：成品油零售公司剥离后大举扩张、二代陈逸婷崛起". www.bjnews.com.cn (in Chinese). Retrieved 3 April 2021.

## External links

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* Hengli Group
* Hengli Petrochemical (in Chinese)

Authority control databases

International|

* VIAF

National|

* Israel

Other|

* IdRef
* Yale LUX