Wang Wei
Chinese businessman; founder and chairman of S.F. Holding (SF Express)
| Wang Wei (王卫)
| |
|---|---|
| Born | 1 October 1970 (Forbes) |
| Nationality | Chinese |
| Residence | Shenzhen, China (Forbes) |
| Occupation | Chairman, chief executive and general manager, S.F. Holding; chairman, KLN Logistics Group |
| Known for | Founding SF Express |
Wang Wei (born 1 October 1970) is a Chinese businessman. In 1993 he founded S.F. Holding, the parcel delivery group known by its SF Express brand, in Shunde, Guangdong. He is its majority owner and chairman, and has been its chief executive since 2015.[1][2][3] He is also chairman of the Hong Kong-listed KLN Logistics Group, formerly Kerry Logistics Network.[2] On 10 November 2026 the Forbes Real-Time Billionaires list ranked Wang Wei 174th in the world, with an estimated net worth of US$16.4 billion; Forbes lists the source of wealth as package delivery.[1][4] In the annual World's Billionaires list published in 2026, Forbes had ranked Wang Wei 174th, at US$16.6 billion.[5]
S.F. Holding
Wang founded S.F. in Shunde in 1993.[1] Forbes notes that, unlike rivals that often rely on franchisees, S.F. uses its own staff and its own fleets of aircraft and vehicles for same-day or next-day delivery. Forbes also says that in March 2018 the company obtained China's first licence for drone deliveries.[1] S.F. Holding's board page describes Wang as the company's founder and de facto controller. He serves as chairman, executive director, general manager and chief executive.[3] KLN's biography says he has been chief executive since March 2015, and chairman, director and general manager since December 2016.[2] Forbes's current profile says Wang took S.F. public through a reverse merger on the Shenzhen Stock Exchange in 2017. Its 2018 profile dated the listing to 2016.[1] S.F. raised HK$5.7 billion (US$732.5 million) in a secondary listing in Hong Kong in November 2024. Its prospectus said 45% of the money would go to the international business, and cornerstone investors included Oaktree Capital Management.[6] At the listing ceremony Wang said the city would help the group expand internationally, and he quoted lyrics from the song "Below the Lion Rock".[7] According to Forbes, S.F. sold its budget delivery unit, Fengwang Information, to J&T Express for US$173 million in 2023. Forbes also says the 2024 Hong Kong IPO application by the locker unit Hive Box has lapsed amid heavy losses.[1]
Ownership
In 2021 an offer document for Kerry Logistics stated that S.F. Holding was 59.3% owned by Shenzhen Mingde Holding Development Co., Ltd. Wang controlled 99.9% of Shenzhen Mingde.[8] KLN's board biography says he has been an executive director of Shenzhen Mingde since August 2004.[2]
KLN Logistics and J&T
In 2021 an S.F. subsidiary, Flourish Harmony Holdings, made a partial offer for about 51.8% of Kerry Logistics Network's shares.[8] Wang has chaired the company, now KLN Logistics Group, as a non-executive director since October 2021.[2] From February 2021 to August 2023 he chaired the manager of SF Real Estate Investment Trust. In August 2026 he became a non-executive director of J&T Global Express.[2][3]
Wealth
Forbes lists package delivery as the source of his wealth and classes him as self-made.[1]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 14 of the editions from 2001 to 2026 checked for this profile, starting with 2013. The table gives the rank and estimated net worth in each annual list.[5][1]
| Year | World's Billionaires rank | Net worth (US$ bn) |
|---|---|---|
| 2013 | 1175 | 1.2 |
| 2014 | 375 | 4.0 |
| 2015 | 393 | 4.2 |
| 2016 | 358 | 4.2 |
| 2017 | 60 | 15.9 |
| 2018 | 63 | 18.2 |
| 2019 | 110 | 12.1 |
| 2020 | 65 | 15.2 |
| 2021 | 35 | 39.0 |
| 2022 | 56 | 24.3 |
| 2023 | 74 | 21.2 |
| 2024 | 137 | 13.8 |
| 2025 | 132 | 16.2 |
| 2026 | 174 | 16.6 |
International and political links
This section uses the same ten headings for every profile in this series. Only specific, sourced actions are included; company-level and foundation-level actions are labelled as such. Where nothing was found, the entry reads "No documented involvement found in sources checked."
Israel (investments, operations, donations, contracts, statements)
No documented involvement found in sources checked.
Zionist or pro-Israel organisations and lobbying groups
No documented involvement found in sources checked.
Jewish communal charities
No documented involvement found in sources checked.
Gulf states
No documented involvement found in sources checked.
China
Wang founded and controls S.F. Holding, which is listed in Shenzhen and Hong Kong, and he chairs the Hong Kong-listed KLN Logistics Group.[1][2][6]
Russia
No documented involvement found in sources checked.
India
No documented involvement found in sources checked.
Palestinian or Arab causes
No documented involvement found in sources checked.
Home government
No documented involvement found in sources checked.
Other international links
No documented involvement found in sources checked.
See also
External links
Notes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Forbes, Forbes profile record for Wang Wei (Forbes data feed behind forbes.com/profile/wang-wei/) Forbes, live record, read 10 November 2026, accessed 10 November 2026.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 KLN Logistics Group, WANG Wei – Board of Directors KLN Logistics Group, , accessed 10 November 2026.
- ↑ 3.0 3.1 3.2 S.F. Holding, Corporate governance – Board of Directors S.F. Holding investor relations, , accessed 10 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 10 November 2026 17:20 UTC, accessed 10 November 2026.
- ↑ 5.0 5.1 Forbes, Forbes World's Billionaires list data feed, annual editions 2001–2026 (one file per year at this path with the year substituted; all 26 files downloaded and read) Forbes, annual lists; downloaded 20 October 2026, accessed 10 November 2026.
- ↑ 6.0 6.1 Dou Shicong, Chinese Courier SF Ends Flat After Raising USD732.5 Million in Hong Kong Listing Yicai Global, 27 November 2024, accessed 10 November 2026.
- ↑ The Standard, SF refuses to budge on debut The Standard (Hong Kong), 28 November 2024, accessed 10 November 2026.
- ↑ 8.0 8.1 Flourish Harmony Holdings and Kerry Logistics Network, Composite document relating to the partial offer for Kerry Logistics Network KLN (offer document), 12 August 2021, accessed 10 November 2026.