72% Growth & 22-Rank Leap! Wang Liping Family Retains Top Spot as Changzhou's Richest with $86 Billion Fortune

Deep News
Oct 29, 2025

The 2025 Hurun Rich List has been officially released, revealing that Wang Liping, the leader of Hengli Hydraulics, and his family now hold a fortune of 86 billion yuan. This marks a substantial increase of 36 billion yuan from the previous year, achieving a remarkable growth rate of 72%. Their ranking also surged from 76th to 54th, climbing 22 spots and securing their position as Changzhou's wealthiest for another year.

Wang Liping, 59, currently serves as Chairman of Jiangsu Hengli Hydraulics Co., Ltd. The company operates across multiple sectors, including construction machinery and agricultural equipment. In recent years, rising global demand for hydraulic products has allowed Hengli Hydraulics to expand its market share, leveraging its technological expertise and industry experience. High-pressure oil cylinders remain the company's core business, serving as a stabilizing force for steady growth.

Hengli Hydraulics continues to demonstrate strong momentum, with its construction machinery segment now surpassing its 2021 peak performance. The Q3 2025 financial report further highlights this strength: revenue reached 7.79 billion yuan, up 12.3% year-on-year, while net profit attributable to shareholders rose 16.5% to 2.087 billion yuan. These figures underscore the company's optimized business structure and robust growth potential.

While consolidating its dominance in construction machinery, Wang Liping has strategically positioned Hengli Hydraulics for future expansion. In 2021, the company invested 1.5 billion yuan in a linear actuator project, focusing on smart electrified products like humanoid robots. This forward-looking move now aligns perfectly with the emerging humanoid robotics industry, unlocking new growth opportunities.

A partial list of the 2025 Hurun Rich List is attached for reference.

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