Liang Wenfeng is a billionaire with a net worth of $1 billion. He is the founder of DeepSeek which artificial intelligence company based in Hangzhou. Liang Wenfeng is also the founder of High-Flyer Capital Management.
DeepSeek became popular when it released its R1 model in January 2025. It claimed to be a rival of ChatGPT.
Liang Wenfeng launched DeepSeek in 2023 and funded it using funds from High-Flyer which is a hedge fund that he co-founded with classmates in 2015.
Liang Wenfeng used AI technics and Math to build High-Flyer. It was one of the best performing and largest quantitative trading companies in China in 2019.
In 2021, High-Flyer had $14 billion in assets under management.
DeepSeek started as a sidehustle which later transformed into a multi-billion company. It has effectively turned the founder into a billionaire.
Liang is one of the richest tech tycoons in Asia according to Bloomberg Billionaires Index.
Liang was born in 1985 in Zhinjiang, China. His father worked as an elementary school teacher. He pursued electronic engineering at Zhejiang University which is a prestigious college. He further earned a Master’s degree in information and communication engineering form the same college.
Liang Wenfeng established DeepSeek in 2023 as a department of AI for his hedge fund known as High-Flyer Asset Management.
Liang Wenfeng worked with two other engineers in setting up the company. The three students started trading during the global financial crisis. The billionaire owns 51 percent of High-Flyer which is valued at $71 million.
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