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Forbes Asia story features Man Wah founder Wong Man Li

Furniture business led to his success
 Forbes Asia features Man Wah Holdings founder Wong Man Li on its cover.Forbes Asia features Man Wah Holdings founder Wong Man Li on its cover.

HONG KONG — Man Wah Holdings founder Wong Man Li is featured in the latest issue of Forbes Asia in a cover story about how the furniture business has helped him become a billionaire.

Wong, 47, also talks about his plans for the future, which includes expanding its sales globally including in China, where he has opened 1,000 franchised retail stores and plans another 500 by the end of 2015.

In the United States, Man Wah's success in motion upholstery and recliners has made it one of the fastest growing companies on Furniture/Today's list of Key Sources for the U.S. Furniture Market. Based on 2012 U.S. sales of $329.1 million, it ranked as the 10th largest. Total global revenues that year for the company, whose shares are publicly traded on the Hong Kong exchange, were $613.6 million.

Among the sources quoted in the Forbes Asia story is Furniture/Today's business editor, Larry Thomas.

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