en.Wedoany.com Reported - On June 17, 2026, China's New Fortune magazine officially released the 2026 "New Fortune 500 Wealth Creators List." The list shows that the total market value of shares held by the 500 listed entrepreneurs reached 17 trillion yuan, a year-on-year increase of 24.6%; the entry threshold was 9.32 billion yuan, with 464 entrepreneurs having a market value of over 10 billion yuan. In the steel industry, the Xiang Guangda family of Tsingshan Holding Group, Fang Wei of Liaoning Fangda Group, and Zhang Zhixiang of Beijing Jianlong Heavy Industry Group ranked in the top three with shareholding market values of 84.56 billion yuan, 49.85 billion yuan, and 47.31 billion yuan, respectively.
Xiang Guangda, born in November 1962 in Longwan District, Wenzhou City, Zhejiang Province, is the founder and chairman of Tsingshan Holding Group. Founded in June 2003 and headquartered in Wenzhou, Zhejiang, Tsingshan Holding Group's business covers manufacturing, sales, warehousing, investment, and import-export trade, primarily producing stainless steel and new energy raw materials. In 2024, its revenue exceeded 406.6 billion yuan, making it the first private steel company in China to enter the "400 billion club." Xiang Guangda's wealth is rooted in his absolute control over nickel resources, from laterite nickel mining to a full industry chain layout, positioning him as a global leader in the nickel industry. In this list, the market value of shares held by the Xiang Guangda family surged by 24.02 billion yuan year-on-year, continuing to retain the title of the richest person in China's steel industry.
Fang Wei, born in 1973 in Shenyang, Liaoning Province, currently serves as the chairman of Liaoning Fangda Group Industrial Co., Ltd. Liaoning Fangda Group is a cross-industry, cross-regional, diversified large enterprise group centered on five core sectors: carbon, steel, pharmaceuticals, commerce, and aviation. Its physical headquarters is in Beijing, with subsidiaries distributed across more than 30 provinces, municipalities, and autonomous regions nationwide, total assets of nearly 500 billion yuan, 130,000 employees, and annual sales revenue exceeding 300 billion yuan. In this list, the market value of shares held by Fang Wei increased by 5.24 billion yuan year-on-year.
Zhang Zhixiang, born in August 1967 in Shangyu District, Shaoxing City, Zhejiang Province, holds a Ph.D. in engineering. He is the founder of Beijing Jianlong Heavy Industry Group Co., Ltd. and currently serves as the group's chairman and president. Jianlong Group is a large heavy industry conglomerate with steel and resources as its dual core businesses, possessing a complete industrial chain. It currently has nearly 7 billion tons of various resource reserves, 5.4 billion tons of iron ore resource reserves, and the capacity to smelt and roll 43 million tons of crude steel. In this list, the market value of shares held by Zhang Zhixiang increased by 11.13 billion yuan year-on-year.
In addition to the top three, the market values of shares held by Chen Ningning's family of Jiaxin Group and Gao Xingjiang of Yongxing Materials also exceeded 10 billion yuan. Overall, the wealth landscape in the steel industry continues to concentrate among the top players, with leading enterprises achieving steady wealth growth through technological upgrades, diversified layouts, and industrial advantages.
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