INSPIRING! Low Life Delivery Boy Becomes The 3rd Richest Man In China. How He Made It Will Shock You

Date: 03-03-2017 10:25 am (7 years ago) | Author: onuigbo felicia
- at 3-03-2017 10:25 AM (7 years ago)
Online (f)

A former delivery boy who dashed between cities to deliver goods for clients has built an impressive courier empire and is now one of China's richest men.
The founder of SF Express, Wang Wei, is now the third richest man in China after his personal worth rocketed to a whopping £22.5 billion (189.9 billion yuan) since his company went public last week, Dailymail reports.
This means that the 46-year-old is now competing with the two richest men in China - property tycoon Wang Jianlin, worth £25.6 billion, and e-commerce mogul Jack Ma, worth £23.5 billion.
His success story started 24 years ago when Wang Wei, a fabric dealer at the time, had trouble mailing his samples from Guangdong to neighbouring Hong Kong for his clients to see.
Two decades ago, the only way for Chinese people to send letters and parcels was to go through the state-owned postal system, which was slow and costly. Same-day courier was a concept unheard of even to the most ambitious businessmen.
Having seen an opportunity in the market, Wang, at the age of 22, reportedly borrowed £11,800 (10,000 yuan) from his father to start a courier company in the city of Shunde.
With six employees, SF Express helped factories in Guangdong mail business products to Hong Kong, which was still a British colony. Wang was born in Shanghai to a Russian translator father and university teacher mother. He moved to Hong Kong at the age of seven and grew up there.
A low-profile man by nature, Wang rarely gives interviews.
In a 2011 interview with Guangzhou Daily, the man explained his motivation of building SF Express: 'Many Hong Kong people had factories in Guangdong at the time, and they had the demands (for courier service).
'So I thought: 'Why don't I start a courier company myself?' As a result, I founded SF in Shunde with some partners.'
He recalled that he had to deliver parcels himself in the early days of the company. '[We] carried our backpacks and our suitcases travelling between Hong Kong and Guangdong every day.'
By offering cheap and punctual service, SF Express quickly expanded.
By 1997, four years after SF Express's establishment, it had gained a monopoly on the courier market between Guangdong and Hong Kong, according to Shanghai-based financial media Yicai.com.
The year 1997 marked the hand-over of Hong Kong from British rulers to Chinese Communist Party. After that, the trade between two sides of the border grew dramatically, which propelled Wang's business to increase by leaps and bounds.
Meanwhile, Wang set up franchise branches throughout China.
In 2003, Wang decided to speed up SF's delivery time by chartering cargo aeroplanes, something unprecedented to private courier companies in China.
Thanks to China's e-commerce boom since 2005, SF Express benefited from the huge market online shopping had created which saw billions of items needed to be delivered daily.
In 2009, chartered aeroplanes could no longer satisfy Wang's business appetite. He set up his own airline, SF Airlines, to dispatch packages.
To date, 1,400 tonnes of packages are sent by Wang's fleet of 38 Boeing aircraft on a daily basis, including five B767s, 16 B757s and 17 B737.
In explaining his road to wealth, the modest man said there is only one way to build a successful business, that is to be 'daring, creative and responsible'.
Having grown his fortune from £12,000 in debt to a staggering £22 billion, Wang has written an incredible rags-to-riches story - and it all started with his backpacks and suitcases.

Posted: at 3-03-2017 10:25 AM (7 years ago) | Addicted Hero
- Larry28 at 3-03-2017 10:30 AM (7 years ago)
(f)
 Roll Eyes Roll Eyes Roll Eyes
Posted: at 3-03-2017 10:30 AM (7 years ago) | Hero
Reply
- soladunga at 3-03-2017 10:34 AM (7 years ago)
(m)
Very inspiring
Posted: at 3-03-2017 10:34 AM (7 years ago) | Upcoming
Reply
- akinmanchy at 3-03-2017 11:30 AM (7 years ago)
(m)
Hmmmm so inspiring! Nice one

Posted: at 3-03-2017 11:30 AM (7 years ago) | Hero
Reply
- Otikadinje at 3-03-2017 11:30 AM (7 years ago)
(m)
That sounds great, everyone can make it only if we will.

Posted: at 3-03-2017 11:30 AM (7 years ago) | Gistmaniac
Reply
- jeroba1 at 3-03-2017 12:07 PM (7 years ago)
(m)
we can make it all,if country economy is good.
Posted: at 3-03-2017 12:07 PM (7 years ago) | Gistmaniac
Reply
- EDDYPRINCE at 3-03-2017 12:29 PM (7 years ago)
(m)
kk Gud
Posted: at 3-03-2017 12:29 PM (7 years ago) | Addicted Hero
Reply
- felicilin at 3-03-2017 01:37 PM (7 years ago)
Online (f)
Indeed Inspiring
Posted: at 3-03-2017 01:37 PM (7 years ago) | Addicted Hero
Reply
- kacylee at 3-03-2017 08:49 PM (7 years ago)
(f)
WOW!!!!

Posted: at 3-03-2017 08:49 PM (7 years ago) | Addicted Hero
Reply
- morolayo at 3-03-2017 09:31 PM (7 years ago)
(f)
Great
Posted: at 3-03-2017 09:31 PM (7 years ago) | Gistmaniac
Reply
- sugarbaby2392 at 4-03-2017 07:48 AM (7 years ago)
(f)
God dey
Posted: at 4-03-2017 07:48 AM (7 years ago) | Gistmaniac
Reply
- 24magic at 6-03-2017 07:45 AM (7 years ago)
(m)
Great vision leads to greatness
Posted: at 6-03-2017 07:45 AM (7 years ago) | Gistmaniac
Reply
- BournIdentity at 29-03-2017 03:48 AM (7 years ago)
(m)
Kk
   
Posted: at 29-03-2017 03:48 AM (7 years ago) | Addicted Hero
Reply
- BournIdentity at 31-03-2017 03:13 AM (7 years ago)
(m)
I go
     
Posted: at 31-03-2017 03:13 AM (7 years ago) | Addicted Hero
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. APC Youths Besiege APC Secretariat, Demand Fresh Primary Election In Ondo

  2. I Never Wanted Him to Play Chess - Record Breaker, Tunde Onakoya's Dad Breaks Silence (Video)

  3. Korra Obidi’s Ex, Justin Dean Laments As His 4Yr Old Daughter Twerks Like Mother

  4. One Dead, Three Injured, N8.7m Recovered On Kaduna Road Crash

  5. Court Strikes Out Suit Seeking Ro Remove Hannatu Musawa As Minister As She's A Serving NYSC Mem

  6. My Mother, Enemy Of Progres!Man Reveals How His Mother Ended His Plans To Travel Out Of Nigeria

  7. "End This Hiding, Submit Yourself To The Law" - Ologbondiyan To Yahaya Bello

  8. Come Out And Confess Why You Kill Mohbad - Ghanaian Prophet Who Prophesied JP’s Death Calls Sam

  9. "Davido Was The First Big Artiste Who Supported My Career" - Skitmaker, Sabinus

  10. Despite Devilish Conspiration, Air Peace To Begin Abuja-London Flights

  11. I'm Yet To Be Contacted By NFF – Peseiro Breaks Silence On Super Eagles' Return

  12. Police Inspector Sunday Baba Shot Dead By Gunmen In Rivers

  13. My Father Raised Me To Be A Modern Day Man – DJ Cuppy Praises Billionaire Father, Otedola

  14. Two Chinese Men, Company Docked By EFCC Over Illegal Mining Activities

  15. UPDATE: Security Operatives Launch Manhunt For 109 Fleeing Inmates Of Suleja Prison


THIS WEEK
  1. Abia Police Parade Suspected Criminals, Including ABSU Student Involved In Fatal Shooting

  2. 'Brand Ambassador', Phyna Calls Out Pepsi For Supplying Her Expired Drinks

  3. How Past Abia Govt Paid N107.2 Bn To Contractors For Non-existent Abia Airport & Other Projects

  4. Lady Who Was Dragged For Wearing a Racy 'Asoebi' Outfit to a Wedding Reception Breaks Silence

  5. Lady Who Left The UK With Her Family to Return Home to Nigeria Reveals Why She Did So

  6. Ex-Nigerian Customs Sole Administrator, Omlago Ango Damages Estranged Wife's Abuja Home

  7. UNIPORT Lecturer Caught on Camera Pants Down, S3xually Harassing a Female Student in His Office

  8. VID: Peter Obi Replies Critics Asking Him Why He Didn't Build a School in Anambra as a Governor

  9. Abia State Police Arrest Suspects Linked To Mysterious Death of 23-Yr-Old Hope Chinedu Prosper

  10. Nollywood Actress Toyin Abraham Extends Olive Branch To Funke Akindele,Calls For Industry Unity


TOP MEMBERS: