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Grizzly Bulls’ Billionaires Index

⬅ # 646 Alexandra Schörghuber|# 648 Albert Chao ➡

# 647 Li Ping 

$5.04B

Real Time Net Worth
as of 6/28/2024
-$134.0M (-2.66%)

# 647 Li Ping 

$5.04B

Real Time Net Worth
as of 6/28/2024
-$134.0M (-2.66%)
OccupationVice Chair, CATL
Source of WealthBatteries
Age56
ResidenceNingde, China
EducationEMBA, China Europe International Business School; BA/Economics, Fudan University
Age-Adjusted Net Worth$6.61B
Li Ping
Li Ping
Hong Kong
Net worth: $5.04B

Self-Made Score 

Wealth History

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Biography

Overview

Li Ping serves as the vice chairman of Contemporary Amperex Technology (CATL), a leading supplier of batteries for electric vehicles.
CATL, founded in 2011 in Ningde, China, emerged as a spin-off of Amperex Technology Limited (ATL), originally founded by Robin Zeng in 1999.
Li Ping holds degrees from Fudan University and the China Europe International Business School.
CATL became listed on the Shenzhen Stock Exchange in June 2018, marking a significant milestone in its growth trajectory.
Li Ping's leadership has been instrumental in securing major partnerships and expanding CATL's global footprint.

Career Highlights

CATL rose to prominence due to its early investments in EV battery technologies, becoming one of the world's leading battery providers.
The company's strategic partnerships include collaborations with automakers such as BMW, Ford, and VinFast, among others.
CATL's innovative approach includes the development of advanced battery technologies, such as sodium-ion batteries and the Shenxing LFP battery.
Expansion efforts have seen CATL establish battery manufacturing plants across the globe, including facilities in Germany, Hungary, and China.
Li Ping's tenure has seen CATL achieve significant market dominance, with a global market share of around 37% in 2023.

Technological Advancements

CATL is recognized as a leader in lithium iron phosphate (LFP) battery technology, known for its efficiency and safety.
The company employs the cell-to-pack method to optimize battery pack design, improving volume utilization and production efficiency.
Unlike some competitors, CATL is open to adopting outside technology, contributing to its rapid innovation and adaptation in the EV battery market.
CATL prioritizes cost and operational efficiency in production, leveraging standardization to reduce wastage and offer affordable solutions to end users.
Industry experts highlight CATL's pivotal role in driving global battery innovation, positioning Chinese batteries as essential for global EV competitiveness.

Security Concerns

CATL faced security concerns in the US, leading to disconnection of its batteries from Marine Corps Base Camp Lejeune in December 2023.
The National Defense Authorization Act for Fiscal Year 2024 imposed restrictions on US defense funding for CATL products, citing security risks.
Such security concerns underscore the geopolitical implications of China's dominance in the EV battery market, with implications for global energy security.

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

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Li Ping's net worth of $5.04B.

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 48.35% compared to 16.28% for the S&P 500 benchmark.

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Li Ping 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 Ping, Batteries 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