Wang Yusuo
Chinese businessman; founder of the natural gas group ENN
| Wang Yusuo
| |
|---|---|
| Born | 11 March 1964 (Forbes) Bazhou, Hebei (Forbes) |
| Nationality | Chinese |
| Residence | Langfang (Forbes) |
| Occupation | Businessman |
| Known for | Founder of ENN Group, ENN Natural Gas and ENN Energy |
| Education | Tianjin University of Finance and Economics (PhD, management) (ENN Natural Gas) |
Wang Yusuo (born 11 March 1964) is a Chinese businessman who founded ENN Group, one of China's largest private energy companies, whose main listed companies include ENN Natural Gas and ENN Energy Holdings.[1][2] He and his spouse, Zhao Baoju, beneficially own about 72.44% of ENN Natural Gas.[3] On 12 November 2026 the Forbes Real-Time Billionaires list ranked Wang and his family 399th in the world, with an estimated net worth of US$9.1 billion; Forbes lists the source of wealth as natural gas distribution.[1][4] In the annual World's Billionaires list published in 2026, Forbes had ranked Wang and his family 412th, at US$8.6 billion.[5]
ENN
Forbes says Wang went into business after failing China's college entrance examinations. It says ENN Group has more than 40,000 employees and also has interests in property development, tourism and wellness.[1] Forbes reported that ENN Natural Gas accounted for 10% of the Chinese market by volume in 2022.[1] ENN Natural Gas says Wang chaired the company from November 2008 to March 2025 and has been a director since then. It states that he currently chairs ENN Group and is chairman or director of several ENN companies.[2] Forbes, by contrast, says he stepped down as chairman of ENN Group in 2025 but remains on its board, and that his son Wang Zizheng is also a director.[1]
ENN Energy privatisation proposal
On 26 March 2025 ENN Natural Gas and ENN Energy Holdings announced a pre-conditional proposal to take ENN Energy private through a scheme of arrangement, at a theoretical value of about HK$80.00 per scheme share.[3] The announcement stated that Wang and Zhao Baoju beneficially own about 72.44% of ENN Natural Gas in aggregate.[3]
Public positions
ENN Natural Gas says Wang has been a member of the 9th, 10th and 12th National Committees of the Chinese People's Political Consultative Conference and a vice chairman of the 9th All-China Federation of Industry and Commerce.[2] It says he holds a PhD in management from Tianjin University of Finance and Economics.[2]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 15 of the editions from 2001 to 2026 checked for this profile, starting with 2012. The table gives the rank and estimated net worth in each annual list.[5][1]
| Year | World's Billionaires rank | Net worth (US$ bn) |
|---|---|---|
| 2012 | 578 | 2.2 |
| 2013 | 613 | 2.4 |
| 2014 | 551 | 3.0 |
| 2015 | 690 | 2.7 |
| 2016 | 638 | 2.7 |
| 2017 | 581 | 3.3 |
| 2018 | 514 | 4.2 |
| 2019 | 452 | 4.3 |
| 2020 | 468 | 3.9 |
| 2021 | 418 | 6.4 |
| 2022 | 1012 | 3.0 |
| 2023 | 405 | 6.3 |
| 2024 | 385 | 7.1 |
| 2025 | 464 | 7.1 |
| 2026 | 412 | 8.6 |
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's companies are Chinese energy businesses, and he has sat on the national committee of the Chinese People's Political Consultative Conference.[1][2]
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.
Notes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Forbes, Forbes profile record for Wang Yusuo (Forbes data feed behind forbes.com/profile/wang-yusuo/) Forbes, live record, read 12 November 2026, accessed 12 November 2026.
- ↑ 2.0 2.1 2.2 2.3 2.4 ENN Natural Gas Co., Ltd., Company governance: board of directors ENN Natural Gas, read 12 November 2026, accessed 12 November 2026.
- ↑ 3.0 3.1 3.2 ENN Natural Gas Co., Ltd., ENN Energy Holdings Limited and Xinneng (Hong Kong) Energy Investment Limited, Joint announcement: pre-conditional proposal to privatise ENN Energy Holdings Limited by way of a scheme of arrangement irasia.com (ENN Energy announcements), 26 March 2025, accessed 12 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 12 November 2026 09:42 UTC, accessed 12 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 12 November 2026.