Modules
Biography
Energy entrepreneur Wang Yusuo went into business after he failed to pass the country's tough college entrance exams.
He is the founder of ENN Group, one of China's largest private energy companies with over 40,000 employees.
Wang stepped down as chairman of ENN Group in March 2025 but still sits on the board. His son Wang Zizheng is also a director.
The company also has interests in property development, tourism and wellness.
Financial Assets
The Great Lie of Mega-Fortunes: The Case of Wang Yusuo
Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.
The immense fortune of Wang Yusuo, linked to Energy and 'Natural gas distribution', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 54 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 3.4 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.