⬅ # 160 Melinda French Gates|# 162 Stephen Ross

# 161 Lu Xiangyang 


Real Time Net Worth
as of 4/12/2024
-$133.4M (-1.06%)

# 161 Lu Xiangyang 


Real Time Net Worth
as of 4/12/2024
-$133.4M (-1.06%)
OccupationCofounder, BYD
Source of WealthAutomobiles, Batteries
ResidenceGuangzhou, China
Marital StatusMarried
Age-Adjusted Net Worth$11.7B
Lu Xiangyang
Lu Xiangyang
Net worth: $12.6B

Self-Made Score 

Wealth History

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Early Career

Lu Xiangyang began his financial career at the People's Bank of China in Anhui in 1995.
He later transitioned to Guangdong, where he gained expertise in brokerage.

Entrepreneurial Ventures

In 1995, Lu teamed up with his cousin Wang Chuanfu to co-found BYD, initially a battery manufacturing company.
BYD later evolved into a prominent battery and automotive manufacturer.
Lu Xiangyang strategically invested 5 million renminbi in BYD, a move that significantly contributed to his wealth accumulation.

Investment Firm

Apart from his role at BYD, Lu Xiangyang is the vice chairman of the company.
He also manages his own investment firm, Youngy Investment Holding Group.

Strategic Investments

Lu Xiangyang's bold strategic moves include the acquisition of key lithium and cobalt mines, further enhancing his financial standing.

Industry Leadership

As of now, Lu Xiangyang's leadership has propelled BYD to surpass Tesla as the largest electric vehicle (EV) maker by sales.

How long would it take you to become as rich as Lu Xiangyang?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Lu Xiangyang's net worth of $12.6B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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Lu Xiangyang 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 Lu Xiangyang, Automobiles and Batteries are the primary sources. 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