Founder & Chairman, Fuyao Glass Industry Group, People’s Republic of China
Cao Dewang, Founder & Chairman of Fuyao Group. Mr. Cao Dewang, who began his career at the age of 10 with only seven years of education. In 1987 he founded Fuyao Glass, in 1993 it was the first company in its sector in China to be listed on the Shanghai Stock Exchange, and made it in 25 years one of the largest automotive glass manufacturers in the world.
Today Cao is a well-known philanthropist in China. He personally donated more than €15 million for the 2008 Sichuan earthquake relief effort. Then, he announced that he will donate nearly 60% of his interest in Fuyao, valued at more than €300 million, to a newly established charitable foundation. This represents one of the largest ever charitable donations by a Chinese Mainland entrepreneur.