⬅ # 182 Lui Che Woo|# 184 Edward Johnson IV

# 183 Wei Jianjun 

$11.3B

Real Time Net Worth
as of 4/12/2024
-$218.0M (-1.92%)

# 183 Wei Jianjun 

$11.3B

Real Time Net Worth
as of 4/12/2024
-$218.0M (-1.92%)
OccupationChair, Great Wall Motors
Source of WealthAutomobiles
Age60
ResidenceBaoding, China
Marital StatusMarried
EducationBS, Hebei Province
Age-Adjusted Net Worth$11.3B
Wei Jianjun
Wei Jianjun
China
Net worth: $11.3B

Self-Made Score 

Wealth History

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Biography

Early Life and Founder

Wei Jianjun, born in 1964 in Hebei, China, showed early interest in entrepreneurship.
Founded Great Wall Motors in 1984 and took over the struggling predecessor in 1990 at the age of 26.

Business Expansion and Innovation

Guided Great Wall Motors to rapid international expansion, exporting to over 120 countries.
Embraced electric vehicle technology, invested in research, and diversified the brand, leading to impressive sales and global influence.

Leadership and Contribution

Instilled a commitment to quality, established research centers, and contributed significantly to the Chinese economy.
Received awards, actively engaged in philanthropy, and led the company into new markets through strategic partnerships.

Visionary Leadership and Legacy

Known for inspirational leadership, emphasizing innovation, sustainability, and digital transformation.
Wei Jianjun’s enduring legacy has positioned Great Wall Motors as a global automotive leader.

How long would it take you to become as rich as Wei Jianjun?

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 Wei Jianjun's net worth of $11.3B.

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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Wei Jianjun 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 Wei Jianjun, Automobiles 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