Net worth
$39.9B
Forbes Real-Time · as of Sep 24, 2026
Latest moves
No moves from Liang Wenfeng in the digest yet. The archive grows every morning.
Recent SEC filings
This person doesn't file with the SEC.
Footprint
Companies
DeepSeek (Hangzhou DeepSeek Artificial Intelligence)Founder & CEO · nearly 90% (pre-Series A, per… · as of May 2026
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- Role
- Founder & CEO; controlling shareholder
- Stake
- nearly 90% (pre-Series A, per TechCrunch)
- Stake as of
- 2026-05-06
High-Flyer (幻方) quantitative hedge fund / High-Flyer Capital ManagementCo-founder
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- Role
- Co-founder (2015, with two college classmates)
Investment vehicles
High-Flyer (幻方量化)fund
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- Type
- fund
- Notes
- Hangzhou/Shanghai quant fund; also built Fire-Flyer AI training infrastructure
Private deals
DeepSeek's first-ever outside funding round (Series A): >50B yuan (~$7.4B) led by Liang's own ~20B yuan, with Tencent…Jun 2026
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- In full
- DeepSeek's first-ever outside funding round (Series A): >50B yuan (~$7.4B) led by Liang's own ~20B yuan, with Tencent, CATL and others ~30B yuan; valuation just under $60B (Forbes cites $52B)
- Date
- 2026-06
Liang personally invested ~20B yuan (nearly half the round), becoming largest backer and keeping control; Big Fund did…Jun 2026
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- In full
- Liang personally invested ~20B yuan (nearly half the round), becoming largest backer and keeping control; Big Fund did not lead
- Date
- 2026-06-18
Earlier talks: round at up to $45B valuation, with China Integrated Circuit Industry Investment Fund reported as lead…May 2026
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- In full
- Earlier talks: round at up to $45B valuation, with China Integrated Circuit Industry Investment Fund reported as lead and Tencent/Alibaba in talks
- Date
- 2026-05-06
Reported talks to raise ~$1.5B at ~$71B valuation after the $7B round; IPO prep reportedJul 2026
source ↗Pre-IPO round seeking ~50B yuan at ~500B yuan (~$74B) pre-money; existing investors Monolith, Shixiang Capital, CATL…Aug 2026
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- In full
- Pre-IPO round seeking ~50B yuan at ~500B yuan (~$74B) pre-money; existing investors Monolith, Shixiang Capital, CATL; in talks with CPE, Legend Capital, Stony Creek Capital, GigaDevice-linked and Hefei state funds
- Date
- 2026-08-26
DeepSeek appointed four IPO underwriters led by CITIC Securities for a Shanghai STAR Market listingSep 2026
source ↗Legal & regulatory
Italy banned DeepSeek from app stores over data transfers (early 2025); Berlin's data protection commissioner asked…
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- In full
- Italy banned DeepSeek from app stores over data transfers (early 2025); Berlin's data protection commissioner asked Apple and Google to remove DeepSeek from German app stores
Trump administration reportedly weighed barring DeepSeek from buying Nvidia chips and blocking US access to its…
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- In full
- Trump administration reportedly weighed barring DeepSeek from buying Nvidia chips and blocking US access to its services (NYT via TechCrunch)
China reportedly keeping DeepSeek under close watch
source ↗Liang met Xi Jinping at a 2025 tech entrepreneurs' meeting in Beijing
source ↗Research gaps: Liang's exact DeepSeek stake after the 2026 Series A isn't disclosed; the 'nearly 90%' figure is from before the round. The FT-reported 84% via two shell companies (2024) and the holding entities couldn't be verified directly because FT was blocked. High-Flyer AUM wasn't verified. Session web-search budget ran out and FT, Bloomberg, NYT, Reuters and congress.gov were blocked, so these couldn't be checked: FY2026 NDAA exclusion of DeepSeek from DoD systems, Australia's government-device ban, South Korea's download suspension, and Anthropic's Feb 2026 distillation accusations. No real estate, trophies or philanthropy verified. No SEC filings.
What to watch
Start of DeepSeek IPO process for Shanghai STAR Market (sources say it aims to begin in 2026; listing targeted 2027)2026 (process start)
source ↗Close of pre-IPO round at ~$74B pre-money valuation
source ↗New model releases after V4.1 Flash (launched Sept 10, 2026)
source ↗DeepSeek's push into agentic AI (Harness launch, Aug 2026)
source ↗More government restrictions on DeepSeek apps or chip access in the US/EU
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