Zeng Fangqin
- Net worth $7.8 billion
- Status -
- Country China
- Source(-s) of wealth Businesswoman, Entrepreneur
How much is Zeng Fangqin Worth? Zeng Fangqin Net Worth in 2026
Zeng Fangqin’s net worth is estimated at $7.8 billion as of November 2026. On June 26, 2026 her stake in Lingyi iTech fell from 58.13% to 52.32% in a single morning without her selling a share: the company listed 811.8 million new shares in Hong Kong, and everyone else’s slice got smaller. She rang the bell.
| Net worth | $7.8 billion (our estimate) |
|---|---|
| Born | Mid-1960s (she was 41 in 2006) |
| Country | China |
| Known for | Founder and chair of Lingyi iTech, an Apple parts supplier |
| Main income sources | Lingyi iTech shares held through Lingsheng Investment |
How much is Zeng Fangqin worth in 2026?
About $7.8 billion, by our estimate. She is the actual controller of Lingsheng Investment (Jiangsu), which holds 4,139,524,021 Lingyi shares, and a further 108,536,846 shares are counted with her in the company’s June 2026 filing. Together that is about 4.25 billion shares. At the Shenzhen close of 12.23 yuan on November 10, 2026 and 6.671 yuan to the dollar, the mid-market rate that day, the block is worth about 51.95 billion yuan.
Adding up the $7.8 billion
| Source | Our estimate | What it rests on |
|---|---|---|
| Lingsheng Investment’s Lingyi shares | $7.59 billion | 4,139,524,021 shares, 50.98% after the Hong Kong listing, at 12.23 yuan. Our assumption: the filing names her as controller but not Lingsheng’s owners, so we credit the whole block to her. If she owns only part of Lingsheng, her own share is lower. |
| Shares counted with her in the filing | $199 million | 108,536,846 shares, 1.34%, at 12.23 yuan. |
| Pledges or loans against the shares | $0 | None shown in the June 2026 filing we opened. |
| Total | $7.8 billion | $7,788 million before rounding. |
Diluted on listing day
The Hong Kong offer lifted Lingyi’s share count from 7,308,198,680 to 8,120,010,560. Lingsheng’s 4,139,524,021 shares went from 56.64% to 50.98% of the company, and the group’s combined stake from 58.13% to 52.32%, the company said in a filing on June 26. Nineteen cornerstone investors took part, including KKR, Value Partners, Sunny Optical and Honor, the 21st Century Business Herald reported.
Dilution of that kind leaves her wealth unchanged on the day, because the new money comes into the company. The price is what matters. Our calculation: on 4.25 billion shares, each 1 yuan move in Lingyi’s Shenzhen price changes her figure by about $637 million.
A rented factory and an Apple order
Zeng worked for multinational companies before starting out on her own in 2006, when she was 41. She rented a small factory in Shenzhen and went into precision die-cutting as the predecessor company, Lingsheng Electronics. It became an Apple supplier in 2009, first for Mac components and later for iPhone, iPad and Apple Watch parts. Lingyi Technology followed in 2012, and in 2018 she took the business onto the A-share market through a backdoor listing, the same report said. The Hong Kong listing in 2026 made it a dual-listed company.
Why other estimates disagree
Some public estimates still use the pre-listing percentages and the old share count, which mixes up a smaller slice with an unchanged number of shares. Others give her only the shares in her own name, a small fraction of the controlling block, or use the Hong Kong price instead of the Shenzhen one.
What would move the figure
The share price, and Apple’s orders behind it. A disclosure of who owns Lingsheng Investment, or any pledge of its shares, would also change how much of the block we credit to her.
Zeng Fangqin net worth FAQ
What is Zeng Fangqin’s net worth?
About $7.8 billion as of November 2026 by our estimate, from about 4.25 billion Lingyi iTech shares controlled by her, at the November 10 price.
How much of Lingyi iTech does Zeng Fangqin control?
52.32% after the June 2026 Hong Kong listing, down from 58.13%, with no shares sold.
How many new shares did Lingyi list in Hong Kong?
811,811,880 H shares, taking the total from 7,308,198,680 to 8,120,010,560 on June 26, 2026.
When did Lingyi start supplying Apple?
In 2009, when its predecessor began making Mac components, later adding iPhone, iPad and Apple Watch parts.
How old is Zeng Fangqin?
She was 41 when she founded her business in 2006, so she is about 61.
What does Lingyi iTech make?
Precision components for electronics, starting with die-cut parts, for customers including Apple.
Related profiles
- Tim Cook net worth
- Jensen Huang net worth
- MacKenzie Scott net worth
- Oprah Winfrey net worth
- Kylie Jenner net worth
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.