⬅ # 85 Vladimir Potanin|# 87 Rupert Murdoch ➡

# 86 Lei Jun 

$23.4B

Real Time Net Worth
as of 11/12/2024
$376.3M (1.61%)

# 86 Lei Jun 

$23.4B

Real Time Net Worth
as of 11/12/2024
$376.3M (1.61%)
OccupationFounder and CEO, Xiaomi
Source of WealthSmartphones
Age54
ResidenceBeijing, China
Marital StatusMarried
Children2
EducationBS in Engineering, Wuhan University
Age-Adjusted Net Worth$35.0B
Lei Jun
Lei Jun
China
Net worth: $23.4B

Self-Made Score 

Mens Breitling Superocean 44mm Watch 1000 Meter Waterproof

Wealth History

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Biography

Education

Graduated: Mianyang Middle School (now Xiantao Middle School), 1987
Bachelor's Degree: Wuhan University, Computer Science, 1991

Early Career

Founded First Company: Gundugoms, during last year of college
Joined Kingsoft: 1992 as an engineer, became CEO in 1998
Founded Joyo.com: 2000, an online bookstore, sold for $75 million to Amazon in 2004
Invested in YY: $1 million in 2005, shares worth $129 million after IPO in 2012
Chairman of UCWeb: 2008
Resigned from Kingsoft: December 20, 2007, for health reasons

Xiaomi Founding

Founded Xiaomi: 2010 with multiple partners, including Lin Bin and former Google executive Lin Bin
Listed on National Agency on Corruption Prevention's list in 2023 for business in Russia after 2022 Ukraine invasion

Business Involvements

Chairman of Hong Kong-listed Xiaomi, one of the world's most popular smartphone brands
Chairman of Hong Kong-listed software firm Kingsoft
Investor in JOYY Inc. (formerly YY.com), a Nasdaq-listed live streaming and social media platform

Investments and Partnerships

Co-founded Shunwei Capital in 2011, an investment company focusing on e-commerce, social networking, and mobile industries

Philanthropy

Donated $1 billion to charity by 2017
Donated over $2.2 billion worth of Xiaomi shares to charity in 2021
Completed a personal donation of 1.3 billion yuan to Wuhan University in 2023, marking the university's largest individual donation

Public Service

Appointed a delegate of the National People's Congress in 2013

Language Skills

As of 2016, spoke very little English and used a translator when communicating with the media

Lei Jun's Wealth is Equivalent to:

17,975,366 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

4,418,165 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

238,643 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Lei Jun?

If you started with $10,000 and invested an additional $500 each month at a 43.66% CAGR, it would take you 5 years to reach Lei Jun's net worth of $23.4B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 61.59% compared to 26.50% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Lei Jun is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Lei Jun, Smartphones is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey