Liang Wenfeng
- Net worth $42 billion
- Status -
- Country China
- Source(-s) of wealth Entrepreneur, Investor
How much is Liang Wenfeng Worth? Liang Wenfeng Net Worth in 2026
Liang Wenfeng’s net worth is estimated at $42 billion as of November 2026. In June 2026 he put about 20 billion yuan of his own money into DeepSeek’s first outside funding round, the last round whose price has been confirmed. A second round reported in October would price the company 42.5% higher and put him near $60 billion, if its terms are confirmed.
| Net worth | $42 billion (our estimate, range $40 billion to $60 billion) |
|---|---|
| Born | 1985, Wuchuan, Guangdong, China |
| Country | China |
| Known for | Founder of DeepSeek and the High-Flyer quantitative fund |
| Main income sources | DeepSeek shares, High-Flyer |
How much is Liang Wenfeng worth in 2026?
About $42 billion, and it is a rough figure. DeepSeek is private, and its price comes from 2026 funding rounds reported mainly through unnamed sources. His stake has never been confirmed by the company. We rebuilt it from a registry change and the round terms, valued it at the June round price, the last one backed by more than one report, and added a modest figure for High-Flyer. That gives about $41 billion for his DeepSeek stake, or $42 billion with High-Flyer. If the reported October round is confirmed, the same stake would put him near $60 billion.
Rebuilding the $42 billion
| Source | Our estimate | What it rests on |
|---|---|---|
| DeepSeek, about 78% | $41 billion | Our calculation, set out below: 77.98% of the 350.88 billion yuan valuation that July investor filings implied for the June round. That is 273.6 billion yuan, or $41.0 billion at 6.6706 yuan per dollar (November 10, 2026). |
| High-Flyer stake | $1 billion | Our assumption. The fund reportedly manages about $8 billion and averaged a 56.6% return in 2025. On standard terms of 1% a year plus 20% of gains, that is about $1 billion in fees for one year. We value his share of the management business at that, since his ownership share is not published. |
| Tax on sales | $0 | He has been buying, not selling: no disposal is on record. |
| Total | $42 billion | $42.0 billion before rounding. |
How we got to 78%
On April 27, 2026 DeepSeek’s registered capital rose from 10 million yuan to 15 million yuan. Liang put in the new 5 million yuan himself, lifting his direct stake from 1% to 34%, and with his indirect holdings he controlled about 84.29%, Crossing River reported, summarising 36Kr.
The first round followed in June: about 50 billion yuan, of which Liang supplied roughly 20 billion. Filings by two investors in July implied a valuation of 350.88 billion yuan, Reuters reported. His old 84.29% shrinks to 72.28% on that math, and his new money adds 5.70%, for 77.98%. That matches the roughly 78% The Next Web reported after the round.
The structure helps him keep control. Outside investors in the first round, with Tencent and CATL reported as the largest, went in through a partnership managed by Liang, with no voting rights and a five-year lock-up, Outlook Business reported, citing Reuters. Only a state AI fund, with about $150 million, took shares and votes directly.
The October repricing
The second round raised about 100 billion yuan at a pre-money value of 500 billion yuan and has closed, AI Weekly reported on October 30, citing The Information. That report called the price flat from the summer, while Reuters took 350.88 billion yuan from July investor filings for the first round. With one report behind the close and a conflict over the starting price, we keep his figure at the June price for now. Nearly 30 investors took part, from Tencent and CATL to China Mobile and IDG Capital, and Liang added 2 billion yuan of his own, according to Dealroom’s summary.
A pre-money value is the price of the shares that existed before the new cash, so it applies directly to his 77.98%. Going from 350.88 billion yuan to 500 billion yuan would add about 116 billion yuan to his stake, or $17.4 billion, plus the 2 billion yuan he put in. That is our calculation: if the October terms are confirmed, his net worth would be near $60 billion.
A quant fund paid for the lab
Liang studied electronic engineering at Zhejiang University, earning a bachelor’s degree in 2007 and a master’s in 2010, his biography says. He co-founded the Ningbo High-Flyer partnership in February 2016, and it managed more than 10 billion yuan by 2019. In May 2023 he announced High-Flyer would chase artificial general intelligence and launched DeepSeek. Until June 2026 the lab had raised no outside money at all, and his 20 billion yuan in the first round came from High-Flyer profits, The Next Web reported.
Why other estimates disagree
Public estimates for Liang sit tens of billions apart. The gap comes from which round they use: we, like many, price DeepSeek at the confirmed June round, others already use the reported October price, and some apply a discount because the stake cannot be sold. Others count High-Flyer’s client money as his, which it is not.
What would move the figure
A second independent report, a registry filing or a statement from DeepSeek confirming the October terms would lift the biggest row to about $59 billion and his total near $60 billion. A listing would put a market price on the shares for the first time. Until then each new round resets the number, in either direction.
Liang Wenfeng net worth FAQ
What is Liang Wenfeng’s net worth?
About $42 billion as of November 2026 by our estimate, based on DeepSeek’s confirmed June 2026 round. A reported October round would put him near $60 billion if confirmed.
How much of DeepSeek does Liang Wenfeng own?
About 78% by our math after the June 2026 round, which matches a press report. The company has not confirmed it.
How much did Liang Wenfeng invest in DeepSeek’s funding rounds?
About 20 billion yuan in the June 2026 round, roughly 40% of it, plus 2 billion yuan in the October round.
What is High-Flyer?
The quantitative investment fund Liang co-founded in 2016. It reportedly manages about $8 billion and paid for DeepSeek’s early years.
How old is Liang Wenfeng?
He was born in 1985 in Wuchuan, Guangdong, so he is 40 or 41.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.