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Grizzly Bulls’ Billionaires Index

⬅ # 853 Jian Yao|# 855 Wesley Batista ➡

# 854 Li Chunan 

$3.82B

Real Time Net Worth
as of 7/25/2024
$3.6M (0.10%)

# 854 Li Chunan 

$3.82B

Real Time Net Worth
as of 7/25/2024
$3.6M (0.10%)
OccupationCofounder, Longi Green Energy Technology
Source of WealthSolar Wafers And Modules
Age55
ResidenceFushun, China
Age-Adjusted Net Worth$5.36B
Li Chunan
Li Chunan
China
Net worth: $3.82B

Self-Made Score 

Wealth History

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Biography

Overview

Li Chunan is a billionaire known for co-founding Longi Green Energy Technology, a major player in China's solar industry.
He chairs Linton Technologies, a semiconductor and solar equipment manufacturer based in Dalian.

Early Life and Education

Li Chunan attended Lanzhou University for his undergraduate studies.
He befriended his future Longi co-founders, Li Zhenguo and Zhong Baoshen, during this time.
The trio's friendship dates back to their college days, where they studied together.

Career and Business Ventures

Co-founded Longi Green Energy Technology in 2000, along with Li Zhenguo and Zhong Baoshen.
Longi is now a leading manufacturer of solar wafers and modules globally.
Chunan also chairs Linton Technologies, a Dalian-based company specializing in semiconductor and solar equipment manufacturing.

Longi Green Energy Technology

Company Overview
Founded Longi Green Energy Technology in 2000 as Xi'an Longi Silicon Materials Corporation.
Changed the company's name to Longi Green Energy Technology Co., Ltd. in February 2017.
Acquired LERRI Solar Technology Co., Ltd. in 2014, expanding its manufacturing scope.
Longi is the world's largest manufacturer of monocrystalline silicon wafers.
The company has rapidly broken world solar efficiency records multiple times, emphasizing innovation and technological prowess.
Plans to triple its capacity to produce monocrystalline ingots and wafers to 45 GW by 2020.

Innovation and Technological Advancements
Pioneered techniques like PERC cell technology and bifacial technology in solar cell manufacturing.
Achieved industry-leading conversion efficiency records, including a notable 23.6% with P-type monocrystalline PERC solar cells.
Developed diamond wire wafer-slicing technology, contributing to increased efficiency and reduced costs in solar panel production.
Focused on research and development, evident in their substantial R&D investment and large number of granted patents.
Known for robust and reliable solar solutions, positioning Longi as a trusted leader in the solar industry.

Global Presence and Business Expansion
Expanded operations internationally, with manufacturing plants in Mainland China, India, and Malaysia.
Acquired production facilities from other companies, including those from American manufacturer SunEdison.
Considered opening manufacturing facilities in the USA, indicating a strategic global expansion.
Faced regulatory challenges, including a U.S. Department of Commerce ruling on circumventing tariffs and a European Commission investigation into market-distorting subsidies.

How long would it take you to become as rich as Li Chunan?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Li Chunan's net worth of $3.82B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Li Chunan 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 Li Chunan, Solar Wafers And Modules 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.

Edited by: Lee Bailey