China’s Gongniu Group, which manufactures electrical switches and sockets, has Ruan serving as vice chairman. The Cixi, Zhejiang-based organisation detailed income of 14.1 billion yuan in 2022 and has more than 1.1 million deals outlets across the nation. In February 2020, it began trading publicly on the Shanghai stock exchange.

Ruan Xueping Education

In 1972, Ruan was born. According to the prospectus for Gongniu Group’s initial public offering, he completed his education after graduating from middle school in China.

Ruan Xueping Career

Ruan Liping, his older brother, quit his job as an electrical engineer at a state-owned institution to start a company that made sockets. Gongniu Group was established in 1995 by Ruan and his brother as co-founders and managers.

According to a 2017 interview with local media, Ruan’s brother enjoys playing basketball and named his business Gongniu, which also means “bull,” after the Chicago Bulls, a National Basketball Association team. Toward the end of 2019, the organisation had yearly deals of 10 billion yuan and dealt with outlets in excess of 300 urban areas across China.

Ruan Xueping Facts

According to the company’s report for the first quarter of 2023, Ruan owns his business both directly and through an investment vehicle called Ningbo Liangji Industry, which he co-owns with his older brother Ruan Liping.

Ruan Xueping Net Worth

Ruan Xueping’s net worth was estimated to be around $6.36 billion USD, as of 2023, making him a billionaire businessman.

Personal Information

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