Liang Wengen Net Worth: How Rich is the Entrepreneur Actually?

Liang Wengen is a Chinese entrepreneur who is the former chairman and founder of Sany Heavy Industry. In 2011, he was named the richest man in China, with a net worth of around $8 billion. As of 2025, Liang Wengen’s net worth is estimated at $9.3 billion.

Early Life

Liang Wengen was born in a small town in Lianyuan, China, in 1956. He belongs to a poor peasant family. Liang went through financial hardship during his early days. Even though he grew up with modest means, he was able to pursue higher education. He saw good academic results as the only option to improve his circumstances. Wengen eventually completed his University graduation from Central South University.

Following his University graduation, he started working at a state arms plant as a top manager. At that time, graduates would normally follow the career path at a state arms plant according to China’s planned economy. His entrepreneurship journey was not without hurdles. Initially, he went through a lot of failed paths while trying his luck in various business ventures. He made wine and sold sheep, but could not succeed as he expected. Wengen finally achieved its first major profit in 1986 after selling bronze welding fluxes. It turned out to be the groundwork for his next business endeavors in the heavy industry.

Career

Liang Wengen began his career after completing his bachelor’s degree and served as a top manager at a state-run arms plant. During that time, he was looking for an idea that would make him a successful businessman. In 1983, he became friends with three like-minded people, Mao Zhongwu, Yuan Jinhua, and Tang Xiuguo. They had the same vision and were looking for growth and innovation in the heavy industry sector.

Wengen attempted various business ventures that ultimately turned into failure. He eventually quit his position at the state-run firm. Then, he tried his hand working at trading ships. However, he didn’t get success and after that, he attempted to make wines. Unfortunately, it also failed. He learned valuable lessons through these setbacks. Wengen learned about the value of focusing on industries that have growth potential and would turn into successful ventures.

Liang co-founded Sany Group in 1989, which became a major turning point in his career. In the beginning, the company mainly focused on producing small machinery. Within a short time, the company expanded into the construction equipment sector. Liang initiated the strategic move as China was rapidly moving into infrastructure development. As the company started its operation, the demand for construction machinery increased, and ultimately it created high demand for the machinery.

Under his leadership, Sany Group turned out to be a leading manufacturer of construction machinery in China. The company achieved success due to its domestic market dominance. Along with that, the company made huge profits with its strategic international expansion. Sany also became China’s first company to conduct and apply structural reform of split shares allowing it to reach its operations in the international market through overseas acquisitions.

Wengen’s strategic approach enabled the company to compete with renowned international companies. As a result, it expanded its operations in more than 100 countries worldwide. Wengen earned numerous accolades through his effective vision and leadership. His net worth reached around $8 billion in 2011 and became the richest man in China. Liang was elected to the National Congress Community Party considering his contributions to China’s economic growth.

Personal Life

Liang Wengen has kept his personal affairs out of the spotlight. However, it is known that he is a married man and has a son named Liang Zaizhong. His son has followed Wengen’s footsteps and is actively involved in the family business. Zaizhong was born in 1984 and holds graduation degree from the University of Warwick. He became associated with Sany Heavy Industry as a director and served in the company until he resigned in November 2021.

Wengen’s son, Zaizhong currently works as the chairman of Shugen Interconnection Technology Co. Ltd. Zaihong followed a common trend among Chinese billionaire families after he joined Sany Heavy Industry. However, after he resigned from the company, it was considered a strategic move towards other business ventures. Wengen has kept a low public profile, unlike many renowned business leaders. He rarely makes media or public appearances. His approach contrasts with Xiang Wengo, his successor, who is more active and outspoken in public forums.

Liang Wengen Net Worth

As of 2025, Liang Wengen net worth is nearly $9.3 billion. He has accumulated a whopping amount through his involvement at Sany Heavy Industry. He holds a majority stake in Sany Group. As the chairman of the company, his annual earnings would have been substantial. However, his specific salary figure has not been revealed yet. Liang’s annual compensation would likely include stock options, base salary, and bonuses. During the financial crisis in 2009, he proposed taking a symbolic salary of only 1 yuan which is $0.16 for one year.

Wengen’s symbolic 1 yuan salary highlights his commitment to cost-cutting measures, especially during challenging periods. As of 2025, Wengen stands as the 46th richest man in China and 494th in the world. His wealth primarily comes from the Sany Group, which he founded in 1989. Since he founded the company, it has grown exponentially and operates in more than 100 countries. Sany Groups likewise employs over 100,000 people worldwide. Liang owns a 56.38% share of Sany BVI, which has generated substantial earnings over the years.

Wengen retired as the chairman of Sany Group at the age of 67 in 2023. Even though he stepped back from active management at Sany Group, he has remained a substantial shareholder of the company. Wengen still continues to influence the company’s strategic direction. There is not enough detail available regarding his residential properties or car purchases.