⬅ # 648 Tony Tamer|# 650 João Moreira Salles

# 649 Li Xiang 


Real Time Net Worth
as of 5/27/2024
$104 (0.00%)

# 649 Li Xiang 


Real Time Net Worth
as of 5/27/2024
$104 (0.00%)
OccupationFounder and CEO, Li Auto
Source of WealthElectric Vehicles
ResidenceBeijing, China
Age-Adjusted Net Worth$16.6B
Li Xiang
Li Xiang
Net worth: $4.91B

Self-Made Score 

Wealth History

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Li Xiang is the founder and CEO of Li Auto, an electric vehicle manufacturer headquartered in Beijing.
Under Li's leadership, Li Auto went public on Nasdaq in July 2020.
He is also the founder of Autohome, a New York-listed auto news and services portal.
Li Auto specializes in extended-range electric vehicles (EREVs), integrating gas-powered engines for on-the-go charging, distinguishing itself in China's competitive EV market.
The company's flagship model, the Li L9, is a spacious six-seat SUV, reflecting Li Auto's focus on family-oriented vehicles.
Li Auto's mission is to 'Create a Mobile Home, Create Happiness', emphasizing safety, convenience, and comfort for families.
Li Auto commenced volume production in November 2019, marking its entry into the EV market.
The company's product lineup includes the Li MEGA, a high-tech family MPV, alongside the Li L8 and Li L7, premium family SUVs.
Li Xiang concentrates on developing proprietary technology, including range extension systems and smart vehicle solutions, to enhance user experience.

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

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Li Xiang's net worth of $4.91B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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Li Xiang 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 Xiang, Electric Vehicles 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