⬅ # 403 Ding Shijia|# 405 Magdalena Martullo-Blocher

# 404 Wang Laichun 

$7.22B

Real Time Net Worth
as of 5/18/2024
-$20.4M (-0.28%)

# 404 Wang Laichun 

$7.22B

Real Time Net Worth
as of 5/18/2024
-$20.4M (-0.28%)
OccupationCo-Founder & Chair, Luxshare-ICT
Source of WealthElectronics Components
Age56
ResidenceShenzhen, China
Marital StatusMarried
EducationEMBA, Tsinghua University
Age-Adjusted Net Worth$9.46B
Wang Laichun
Wang Laichun
Hong Kong
Net worth: $7.22B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Early Life

Wang Laichun, also known as Grace Wang, was born in 1966 or 1967.
She earned an EMBA from Tsinghua University in Beijing.

Career

Wang spent a decade working for Terry Gou's Hon Hai Precision Industry, commonly known as Foxconn.
In 1997, she departed Foxconn and collaborated with her brother, Wang Laisheng, to establish Luxshare in 2004.
Wang Laichun is the chairwoman and co-founder of Luxshare, while her brother Wang Laishen serves as the vice chairman.
Luxshare Precision Industry Co., Ltd, headquartered in Dongguan, China, specializes in designing and manufacturing electronics connectors.

Company Details

Luxshare Precision Industry Co., Ltd, also known as Luxshare-ICT, is a Chinese electronic components manufacturer.
The company, founded in 2004 in Dongguan, China, primarily focuses on designing and manufacturing computer cables.
Luxshare is a key assembler of Apple's AirPods and became an iPhone assembler in 2020 after acquiring two iPhone assembly plants from Wistron.
Luxshare was publicly listed on the SME board of the Shenzhen Stock Exchange in 2010.
In 2022, Luxshare faced accusations by Taiwanese prosecutors of stealing trade secrets, particularly from competitor Catcher Technology, which allegedly facilitated its rapid entry into Apple's supply chain.
During the 2022 COVID-19 protests in China, Luxshare reportedly gained additional traction in Apple's supply chain following disruptions at a Foxconn factory in the Zhengzhou Airport Economy Zone.
As of July 2023, Luxshare was reported to be the initial and exclusive contract manufacturer for Apple's Vision Pro spatial computer.

How long would it take you to become as rich as Wang Laichun?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Wang Laichun's net worth of $7.22B.

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 42.76% compared to 11.89% for the S&P 500 benchmark.

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

Wang Laichun 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 Wang Laichun, Electronics Components 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