One of the world’s largest producers of automotive glass is one of China’s richest people, with a net worth of millions of dollars.
Cho Tak Wong He is a successful businessman from China who managed to amass a fortune of millions of dollars from his automotive and industrial safety glass production company, Fuyao GroupBut the billionaire’s personality and history are far from the stereotypes of the upper classes due to his humble beginnings and having to work from the age of 16.
The enterprise founded by the Asian reaches hire more than 10,000 employees across its production plants in Fuqing, Changchun, Qingqing, Shanghai, Guangzhou and Beijing. Wong managed to establish a marketing network with the Chinese automotive market. He was also able to internationalize by setting up business offices in the United States, Japan, South Korea, Australia, Russia and Germany.
The story of billionaire Cho Tak Wong, the humble childhood of a man who never gave up
The Chinese billionaire grew up in a rural region and At the age of 8 he was expelled from the village schoolThis fact led him to develop an autodidactic character because he began to read dictionaries and books on his own while plowing the land and taking care of the cattle. Later he got his first job selling cigarettes on the street with his father, when his country had banned the sale of them in stores.
He later worked in various fields, reselling products from a state farm and working at a local government construction company. At 41, he decided to enter the automotive market after purchasing his first vehicle. He saw that local companies had to buy their glass from foreign companies and this caused an increase in their costs.
Wong founded Fuyao in 1987 andIn just two years he had secured a contract to work with PeugeotSince then, the company has continued to grow, and by the mid-1990s it had managed to capture 20% of the world market. Even so, 70% of its products are used in vehicles manufactured in China due to national protectionist laws.
How much is Cho Tak Wong’s fortune, according to Forbes
Cho Tak Wong 2.jpg
South China Morning Post
The auto glass producer has emerged as one of China’s richest people, with his net worth valued at $4 billion, according to Forbes magazine.
Source: Ambito
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