Wang was born in Wuwei County, Anhui province to a family of poor farmers.

[2] He went on to earn a master's degree in 1990 from the Beijing Non-Ferrous Metal General Research Institute (now GRINM Group).

[3] Founded with his cousin Lu Xiangyang when he was 29 years old, BYD Company is currently the world's largest mobile phone batteries manufacturer.

[5] In late 2009, his net worth grew to $5.1 billion and was crowned China's richest man on the Hurun Report.

This was due largely to a five-fold increase in his company's value after Berkshire Hathaway bought 225 million new shares of BYD in 2008.