Liang was born in 1968 in Taizhou, Zhejiang. He received his B. A. from Fudan University in 1991, and founded Fosun with Guo Guangchang in 1992. In 2007, he received his MBA degree from Cheung Kong Graduate School of Business.
On Hurun Report's China Rich List 2013, he was ranked 233rd with an estimated wealth of US$1.140 billion.