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Grizzly Bulls’ Billionaires Index

⬅ # 307 Orlando Bravo|# 309 Charles Simonyi ➡

# 308 Zhou Qunfei 

$8.28B

Real Time Net Worth
as of 7/2/2024
-$200.1M (-2.42%)

# 308 Zhou Qunfei 

$8.28B

Real Time Net Worth
as of 7/2/2024
-$200.1M (-2.42%)
OccupationFounder and CEO, Lens Technology
Source of WealthSmartphone Screens
Age54
ResidenceHong Kong, Hong Kong
Marital StatusMarried
Age-Adjusted Net Worth$12.4B
Zhou Qunfei
Zhou Qunfei
Hong Kong
Net worth: $8.28B

Self-Made Score 

Wealth History

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Biography

Early Life

Zhou Qunfei was born in 1970 in Xiangxiang, Hunan province, China, the youngest of three children in a poor family.
Her father, a former soldier, supported the family by making bamboo baskets and chairs after an industrial accident left him partially blinded.
Zhou dropped out of secondary school at 16 to become a migrant worker in Shenzhen, where she deliberately worked near Shenzhen University to attend part-time courses.
Despite facing financial challenges, she obtained certifications in accounting, computer operations, and more.
Zhou's decision to start working as a migrant factory worker in Shenzhen was driven by her desire for self-improvement and learning.
She briefly considered pursuing a government job but discarded the idea due to lack of educational qualifications.

Entrepreneurial Journey

In 1993, Zhou founded her first company with HK$20,000 (~$2500) in savings, starting with family members working together in a three-bedroom apartment.
Her company won a contract in 2001 to make mobile phone screens for TCL Corporation, marking a significant milestone.
Zhou ventured into touch-screen technology in 2003, founding Lens Technology, which quickly secured contracts with major mobile phone makers.
Lens Technology became a dominant player in the industry after supplying touch screens for Apple's iPhone in 2007.

Career Milestones

Zhou's career milestones include founding Lens Technology in 2003, which specializes in touch-screen manufacturing.
Her company's success was propelled by securing contracts with major electronics companies like HTC, Nokia, and Samsung Electronics.
Lens Technology's breakthrough came with supplying touch screens for Apple's iPhone during its market entry in 2007.
The IPO of Lens Technology in March 2015 marked a significant milestone, leading to a substantial increase in Zhou's net worth.
Zhou's leadership and vision have positioned Lens Technology as a global leader in touch-screen technology, with a focus on quality and innovation.
She has diversified her interests by starting a total of 11 companies over the years.

Personal Life

Zhou married her former factory boss before later marrying Zheng Junlong, a colleague who served on the Lens Technology board.
She has a daughter from her first marriage and a son with Zheng Junlong.
Her dedication to work is balanced with hobbies like mountain climbing and ping pong.

How long would it take you to become as rich as Zhou Qunfei?

If you started with $10,000 and invested an additional $500 each month at a 44.06% CAGR, it would take you 5 years to reach Zhou Qunfei's net worth of $8.28B.

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 48.24% compared to 16.19% for the S&P 500 benchmark.

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Zhou Qunfei 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 Zhou Qunfei, Smartphone Screens 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