Wang Wenjing Net Worth & Biography
Wang Wenjing Net Worth & Biography
|Popular Name:||Wang Wenjing|
|Real Name:||Wang Wenjing|
Shangrao, Jiangxi, China
|Profession:||Businessman, Investor, Entrepreneur|
|Net Worth:||$3 Billion|
Let’s talk about Wang Wenjing, the Chinese businessman and industrialist whose wealth has come from the technology industry. Born into a modest family in his home country of China, it was a patchy ride for Wenjing all through his childhood days. However, things changed for him like it does for every big dreamer, and he’s now worth a bunch of money, actually enough to get him listed as one of the world’s billionaires. We’ll have the full details in the next parts of this report.
Early Life: Childhood, Education
He was born in 1964 in Shangrao, Jiangxi, China. His family was poor with farming as their main source of income.
An excellent student, he did great in school and was able to win a place at Jiangxi University of Finance and Economics at the young age of 15.
Professional Life: Business Career
After completing all stipulated sessions at Jiangxi University of Finance and Economics, he graduated with his hard-earned bachelor’s degree, and following that, he received a job offer in Beijing to build a computerized financial software program for the State Council’s government offices administration. When he had completed his tasks, he resigned aged 24, and combined with some of his classmates to establish his first company, UFIDA with $5500 that they pooled.
After leaving his job at China’s State council, things got pretty big for Wang Wenjing, especially after the formation of his first business UFIDA, which is now known as Yonyou.
Wenjing currently serves as the chairman of Yonyou Software Company, which, unarguably, is one of the biggest software companies in China. Yonyou is a company that specializes in business software and competes with the likes of Oracle and SAS. The company has also collaborated with IBM to develop a series of programs.
Wang Wenjing is also a member of the National People Congress (NPC). He also serves as the current Vice Chairman of the All-China Federation of Industry and Commerce.
Yonyou’s major focus is on accounting software and Enterprise Resource Planning (ERP) software.
ERP stands for Enterprise resource planning, which is the integrated organization of main business processes, particularly in real time and arbitrated by software and technology. ERP is usually referred to as a type of business management software usually a collection of integrated applications that can be used by an organization to collect, save, manage, and analyze data from numerous business activities. ERP provides an integrated and uninterruptedly updated view of business processes using common databases sustained by a database management system and can track business resources such as cash, raw materials, and even production capacity, as well as the status of business commitments including payroll, orders, and purchase orders. ERP facilitates the flow of information between all business functions and handles connections to outside stakeholders.
Personal Life: Marriage, Children, Private Interests
The Chinese entrepreneur resides in Beijing China where most of his businesses are located. He has been married to his lovely wife for decades now and they have one child together.
Wang Wenjing is a very private man. He is hardly seen in public and on social media. He dislikes anything that will bring unwanted attention to him and this is the main reason why not so much is known about his relatives and private affairs. To take a break from his demanding job, Wang would spend time with his family and play golf and ping pong at his residence. He is not a fan of traveling for leisure or attending social events.
Wang Wenjing Net Worth: Income Sources, Earnings
Born without a silver spoon and raised in abject poverty, it’s a real marvel what this man has been able to accomplish out of nowhere. He wasn’t handed any riches by anyone but had to build from scratch, starting from when he graduated from the Jiangxi Finance and Economics University.
The Chinese entrepreneur first worked at China’s State Council before deciding to work for himself and achieve all he had always dreamed of. At the age of 24, he partnered with some friends and developed what eventually became his primary income source. Wenjing founded the Yonyou Software Company (formerly known as UFIDA), which is currently regarded as one of the biggest software companies in China. This company specializes in business software and competes with other notable names like Oracle and SAS. Furthermore, the company is currently being headed by Wang as its chairman, and their major focus is in accounting software and Enterprise Resource Planning (ERP) software. This position has really benefited Wang Wenjing’s net worth, which currently stands at $3 billion. His work using ERP ensures that he takes home a big bag of cash as annual income. Enterprise system software coordinated by the use of ERP, is a multibillion-dollar industry that creates components supporting a range of business functions. Though early ERP systems mainly paid attention to large enterprises, smaller enterprises, as of today, increasingly use ERP systems. The ERP system integrates a variety of organizational systems and ensures error-free transactions and production, by this means enhancing the efficiency of an organization.