Zhang Xuexin
Chinese businessman; founder of the aluminium and power producer Xinfa Group
| Zhang Xuexin
| |
|---|---|
| Born | 1947 (Forbes) |
| Nationality | Chinese |
| Residence | Liaocheng, Shandong (Forbes) |
| Occupation | Businessman |
| Known for | Founder of Xinfa Group |
Zhang Xuexin (born 1947) is a Chinese businessman who founded Xinfa Group, a Shandong-based producer of power, alumina and electrolytic aluminium.[1][2] His son Zhang Gang now chairs the group.[1][2] Forbes lists the fortune as belonging to Zhang Xuexin and his family. On 11 November 2026 the Forbes Real-Time Billionaires list ranked Zhang 377th in the world, with an estimated net worth of US$9.6 billion; Forbes lists the source of wealth as aluminum.[1][3] In the annual World's Billionaires list published in 2026, Forbes had ranked Zhang 372nd, at US$9.3 billion.[4]
Xinfa Group
Forbes says Xinfa owns power stations, aluminium refineries and an aluminium smelter, and that its predecessor was a state-owned power plant founded in 1972.[1] The Paper reported in November 2024 that the group was formally registered in April 2007 and is a well-known Chinese producer of alumina and electrolytic aluminium founded by Zhang Xuexin. It said Xinfa had revenue of 290.7 billion yuan in 2023, which placed it 18th in the 2024 list of China's top 500 private companies.[2]
Ownership
According to The Paper, Xinfa Group is wholly owned by Chiping Xinyou Enterprise Management. That company's shareholders are Zhang Gang (51%), Song Chuanying (19.6%), and Zhang Huaiqing, Zhang Yuhong and Zhang Hongzhi (9.8% each). The paper identified Song Chuanying as Zhang Xuexin's wife.[2] It also reported that in November 2024 Zhang Gang set up Xinfa Group Holdings in Ningbo, owning 80% directly, with Xinfa Group holding the other 20%.[2]
Wealth history
Forbes has included this entry in its annual World's Billionaires list in 9 of the editions from 2001 to 2026 checked for this profile, starting with 2018. The table gives the rank and estimated net worth in each annual list.[4][1]
| Year | World's Billionaires rank | Net worth (US$ bn) |
|---|---|---|
| 2018 | 550 | 4.0 |
| 2019 | 804 | 2.8 |
| 2020 | 1001 | 2.1 |
| 2021 | 1750 | 1.8 |
| 2022 | 1645 | 1.8 |
| 2023 | 1804 | 1.6 |
| 2024 | 809 | 3.9 |
| 2025 | 487 | 6.9 |
| 2026 | 372 | 9.3 |
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
Zhang lives in Liaocheng, Shandong, where Xinfa Group is based.[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 Forbes, Forbes profile record for Zhang Xuexin & family (Forbes data feed behind forbes.com/profile/zhang-xuexin/) Forbes, live record, read 11 November 2026, accessed 11 November 2026.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 Duan Haitao (Economic Herald), 信发集团董事长张刚在宁波成立信发控股，直接持股80% (Xinfa Group chairman Zhang Gang sets up Xinfa Holdings in Ningbo with a direct 80% stake) The Paper (澎湃新闻), 5 November 2024, accessed 11 November 2026.
- ↑ Forbes, Forbes Real-Time Billionaires data feed Forbes, live; downloaded 11 November 2026 16:19 UTC, accessed 11 November 2026.
- ↑ 4.0 4.1 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 11 November 2026.