Wang Xuning
Wang Xuning (Chinese: 王旭宁; pinyin: Wáng Xùníng; born 1969), also known as CJ Xuning Wang,[1] is a Chinese billionaire entrepreneur and philanthropist . He is the founder of Joyoung, a Chinese kitchen appliance company, and currently serves as the chairman of JS Global Lifestyle and SharkNinja, both global consumer appliance groups.[2][3][4]
Career
[edit]Wang studied electrical engineering at Beijing Jiaotong University and followed his parents into teaching after graduation[5]. Wang left his teaching job in 1994[6] and soon invented the first automated home soymilk maker that year[5], which laid the foundation for the Joyoung brand.[3][4] Joyoung has since become one of China's best-known names in small kitchen appliances.
In 2017, Wang acquired SharkNinja.[4] Wang believed Joyoung’s experience could unlock the company’s potential. His expansion plan included broadening SharkNinja’s product portfolio, strengthening its supply chain, and modernizing its sales channels. [7]
In 2019 SharkNinja merged with Joyoung to form JS Global Lifestyle. In the same year, JS Global publicly listed in Hong Kong. In 2023 Wang spun off SharkNinja for a direct listing in New York.[3][4]
Since Wang aquired the company in 2017, SharkNinja increased its number of employees fourfold, reaching over 4,100 in 2026, mostly centered in the US but also across Europe and Asia-Pacific. Its annual revenue also grew from $1.3 billion to $6.4 billion over the same period. [8]
Philanthropy
[edit]In 2017, Wang made a philanthropic contribution to Western Reserve Academy in Hudson, Ohio, which led to the naming of the Wang Innovation Center, a facility focused on creativity and hands-on learning.[9] In 2026, his CJ Wang Foundation committed more funds to double the size of the facility and rename it the Wang Makerspace. [10]
He also contributed to charitable causes in China.[11] In 2021, Wang donated 50 million RMB to the Joyoung Public Welfare Foundation, which supports education and nutrition initiatives at elementary schools in rural China.[12][13]
References
[edit]- ↑ PUI GWEN, YEUNG (February 8, 2024). "Chinese tycoons have lost over $320 billion in 3 years, but the SharkNinja mogul who moved to the U.S. in 2017 just shot to $3.2 billion". Fortune.
- ↑ "Xu Ning Wang". WSJ.
- 1 2 3 Pui Gwen, Yeung (2024-02-09). "SharkNinja Tycoon's Wealth Hits $3.2 Billion as China Peers Fall". Bloomberg.
- 1 2 3 4 夢奇, 莊 (2025-01-25). "發明豆漿機致富 九陽王旭寧從教師到百億富豪". 經濟一週 (in Chinese).
- 1 2 "Meet CJ Wang, home appliance billionaire who quit teaching job to invent world's first automatic soy milk maker". The Star. 2026-08-24. Retrieved 2026-09-30.
- ↑ Yeung, Pui Gwen; Bloomberg. "Chinese tycoons have lost over $320 billion in 3 years, but the SharkNinja mogul who moved to the U.S. in 2017 just shot to $3.2 billion". Fortune. Retrieved 2025-11-18.
- ↑ Campbell, Charlie (2026-08-18). "SharkNinja's Billionaire Chinese Backer on Building an American Success Story". Time. ISSN 0040-781X. Retrieved 2026-09-30.
- ↑ Campbell, Charlie (2026-08-18). "SharkNinja's Billionaire Chinese Backer on Building an American Success Story". Time. ISSN 0040-781X. Retrieved 2026-09-30.
- ↑ LAURA, FREEMAN (2017-10-26). "Wang Innovation Center offers advanced creativity at Western Reserve Academy". Beaconjournal.
- ↑ Helms, April. "Western Reserve Academy receives $5 million to grow innovation center". Akron Beacon Journal. Retrieved 2026-09-30.
- ↑ "王旭宁". harvard.edu.
- ↑ "九阳公益基金会成立 十年一个亿 聚焦乡村振兴大公益". 澳门月刊 (in Chinese). 2021-04-12.
- ↑ 松, 杨; 昱玢, 江 (2024-09-02). "烟台老板卖小家电，身家飙到230亿！". 21世纪经济报道 (21st Century Business Herald) (in Chinese).