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Grizzly Bulls’ Billionaires Index

⬅ # 597 Nusli Wadia|# 599 Dan Kurzius ➡

# 598 Robin Li 

$5.16B

Real Time Net Worth
as of 7/25/2024
$63.8M (1.24%)

# 598 Robin Li 

$5.16B

Real Time Net Worth
as of 7/25/2024
$63.8M (1.24%)
OccupationCofounder and CEO, Baidu
Source of WealthInternet Search
Age55
ResidenceBeijing, China
Marital StatusMarried
Children4
EducationBS, Peking University; MA, University at Buffalo
Age-Adjusted Net Worth$7.23B
Robin Li
Robin Li
China
Net worth: $5.16B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Robin Li Yanhong was born on November 17, 1968 in Yangquan, Shanxi Province, to parents who were factory workers.
He was the fourth of five children and the only boy.
Li obtained a Bachelor's degree from Peking University and pursued postgraduate studies at the University at Buffalo.
He left the doctoral program with a master's degree in computer science.
During his time in New York, he began developing the Rankdex algorithm, a precursor to Baidu's search technology.
His early career included stints at IDD Information Services and Infoseek, where he honed his skills in search engine development.

Career and Achievements

Li's career highlights include creating Rankdex, which formed the basis for Baidu's search algorithms.
He played a crucial role in Baidu's IPO on NASDAQ in 2005 and its subsequent growth to dominate the Chinese search market.
In 2014, he was appointed co-chair of the Independent Expert Advisory Group on Data Revolution for Sustainable Development by the United Nations Secretary General.
Despite controversies during his tenure, including issues with advertising and criticism over search results, Li's leadership has been pivotal in Baidu's success.
His contributions have earned him recognition as one of China's innovative pioneers and IT personalities.

Personal Life

Li is married to Dongmin Ma, who is also employed at Baidu.
The couple resides in Beijing, China, with their four children.
Despite his busy professional life, Li prioritizes family and maintains a home life in Beijing.
His partnership with his wife underscores a shared commitment to Baidu's vision and goals.
Personal values such as family and dedication characterize Li's approach to both his personal and professional life.

Controversies and Challenges

Li faced criticism for attempting to buy Baidu's iQiyi video channel at a reduced price in 2016, a move that failed as iQiyi went public in 2018.
Controversies during his tenure as CEO of Baidu include issues such as the death of Wei Zexi, advertising unqualified hospitals on Tieba, and allegations of ad fraud.
Despite these challenges, Li has navigated Baidu through turbulent times and maintained its position as a leading player in China's tech landscape.
The introduction of Ernie, a chatbot rival to ChatGPT, in 2023 demonstrates Baidu's continued innovation under Li's leadership.
These controversies notwithstanding, Li's focus remains on driving Baidu's growth and innovation agenda forward.

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

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 Robin Li's net worth of $5.16B.

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

Robin Li 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 Robin Li, Internet Search 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