Chinese Mogul’s Net Worth Soars 400% As Google Turns To His Company For AI Push

Andrey Rudkov/BloombergArtificial intelligence has propelled fortunes of U.S. tycoons like Google parent Alphabet’s Sergey Brin and Nvidia’s Jensen Huang to stratospheric levels—and now it’s boosting Chinese moguls too. Wang Weixiu, founder of Zhongji Innolight, saw his own net worth jump 400% this year to $13 billion as demand for his company’s optical devices skyrockets.Wang, who stepped down as Zhongji Innolight's chairman in 2023, still derives his net worth largely from a company stake, according to Fo ...