Cao Dewang Net Worth

Cao Dewang has an estimated net worth of $5.2 billion, according to Forbes Real-Time Billionaires, Cao Dewang profile (figures as of October 20, 2026). That is up from $2.2 billion in 2019.

Cao Dewang, also known as Cho Tak Wong, is a self-made entrepreneur in manufacturing. He built his name through Fuyao Glass Industry Group, a major producer of auto glass. The company serves car brands including Audi, Fiat, and Ford. Cao started in a glass factory, then shifted into automotive glass when Japanese automakers expanded in China. That move helped turn Fuyao into one of the largest glass manufacturers in the world.

His rise came from building and expanding Fuyao over several decades. In 1983, he bought out a factory where he worked as a sales manager. In 1985, he pushed it into automotive glass. He established Fuyao Group in 1987, and the company went public in 1993 on the Shanghai Stock Exchange. He later appeared in the 2019 documentary American Factory. Forbes put his fortune at $5.2 billion on its real-time billionaires tracker as of October 20, 2026.

How Cao Dewang built his wealth

Cao Dewang made his fortune in auto parts, with a focus on automotive glass. His main asset is Fuyao Glass Industry Group, the company he founded in 1987 after moving from a factory that made glass for water meters into the car glass business. He spotted demand in 1985 as Japanese automakers brought manufacturing to China. That decision set the foundation for a business that grew into a major supplier for global car brands.

The company became a bigger financial engine after its 1993 listing on the Shanghai Stock Exchange. Cao stayed closely tied to the business for years, while his son took over as chief executive in March 2005 and Cao kept the chairmanship. In October 2025, he stepped down as chairman, and his son Tso Fai became the new chairman. Beyond the business, he is also known for philanthropy through the Heren Charitable Foundation.

Forbes net worth and money milestones

Forbes tracked big swings in Cao Dewang's wealth across recent years. It estimated his net worth at $2.2 billion in 2019, then $2 billion in 2020. The figure rose to $4.1 billion in 2021, before moving to $3.6 billion in 2022 and $3.1 billion in 2023. It then returned to $3.6 billion in 2024 and climbed again to $4.4 billion in 2025. Those changes followed the value attached to his manufacturing holdings.

The upward move continued in 2026, when Forbes estimated him at $5.1 billion on its World's Billionaires List and later at $5.2 billion on its real-time tracker in October 2026. His money story is also tied to giving. In 2021, his Heren Charitable Foundation pledged $1.6 billion to build the Fuyao University of Science and Technology in China, and the school welcomed its first batch of students in late 2025.