- Category:
- Richest Business
- Net Worth:
- $2.5 Billion
- Birthdate:
- Feb, 1945 (79 years old)
- Gender:
- Male
What is Xiaofeng Peng's Net Worth?
Xiaofeng Peng is a Chinese businessman and entrepreneur who has a net worth of $2.5 billion dollars. A businessman, Xiaofeng Peng first founded Suzhou Liouxin in 1997, and manufactured industrial safety clothing and equipment. In 2010, after discovering that no company in China manufactured solar cell wafers, he founded LDK Solar, Inc. The company has done moderately well, though its stock has fluctuated a great deal. Peng is the founder of LDK Solar Co., Ltd. He earned an international business degree from Jiangxi Foreign Trade School in 1993 and then earned his MBA from Beijing University Guanghua School of Management in 2002.
Peng is the chief executive officer and chairman of the board for his company LDK Solar. He formed LDK after realizing that there were no Chinese companies who produced solar panel wafers. Peng invested $30 million of his own money into the company. He took LDK Solar onto Nasdaq in 2007. He also founded the company Suzhou Liouxin which manufactures personal protective equipment.
