Zhang Hongchao (#714)
- $ 6 B
- Bubble tea
- China
- M
- 50 Years
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About Me
Zhang Hongchao is the chairman of Mixue Group, the world's second biggest seller of freshly-made drinks by annual cups sold after Starbucks. He started a shaved ice shop in 1997 in China with a homemade machine and opened the first Mixue Bingcheng store two years later. Nearly all-franchised, the Mixue Bingcheng chain offers bubble tea, lemonade, coffee and other drinks as well as ice cream at dirt-cheap prices across more than 50,000 stores, including nearly 5,000 overseas. The company went public in a $444 million Hong Kong IPO in March 2025. His younger brother Zhang Hongfu, CEO of the company and also a billionaire, joined Mixue in 2007.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Zhang Hongchao’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Zhang Hongchao’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $5.8B
(May 4, 2026)
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