Wong Man Li
Hong Kong, Hong Kong
Hong Kong
furniture, Self Made
$1,300,000,000
1717
#1717 Billionaires 2019
#50 Hong Kong's 50 Richest 2019
Wong Man Li is the chairman of Man Wah Holdings, one of the world's largest suppliers of recliner sofas. In 2005, the firm was listed in Singapore and became the first Chinese furniture enterprise on the Main Board of the Singapore Stock Exchange. After delisting in September 2009, the firm listed on the Hong Kong Stock Exchange in April the following year. The company generates more than half its revenue in the U.S. Man Wah also manufactures and sells mattresses.
He got his start earning $4 a day as a factory worker after arriving in Hong Kong from Fujian Province in 1990.Before a recliner goes into production at Man Wah, it is tested by a machine that pokes it for the equivalent of 72 years of use to see it stays firm.
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