Bloomberg Billionaires Index

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# 373 Liu Jincheng $6.42B

Random fact: The company owns about 30% of vaping business Smoore International.

Overview

Liu is the chairman of EVE Energy, the second-largest producer of lithium-ion batteries in China. The Huizhou-based business has more than 28,000 employees worldwide and reported revenue of 16.9 billion yuan ($2.6 billion) in 2021. It has been publicly trading on the Shenzhen stock exchange since 2009.

As of :
Last change No change
YTD change -$146M ( -2.2%)
Biggest asset 300014 CH Equity
Country / Region China
Age 59
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Liu Jincheng's net worth of $6.42B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Liu's fortune is derived from his stake in EVE Energy, a provider of lithium-ion batteries to China’s electric vehicle sector. EVE Energy is the second-largest lithium-ion battery producer in China and has about 28,000 employees worldwide, according to the company website.

Liu owns his 40% stake through a holding company with his wife. Of these, about one-quarter are pledged, according to a Dec. 1, 2022 company filing, and are removed from the calculation.

A spokeswoman for the company declined to comment on the net worth calculation.

Biography

Birthdate:
Family: Married, No children

Born in 1964, Liu studied chemistry at the University of Electronic Science and Technology of China in Chengdu. He later received a Master of Science degree from Wuhan University and obtained his PhD degree in materials physics and chemistry from South China University of Technology, according to a company filing.

At the age of 29, Liu started his career as a manager in the technical department of a battery maker in Zhongshan, in the Guangdong province of China. He became the chief engineer of another battery supplier in Wuhan the next year and helped the company develop new batteries over the next five years.

He returned to Guangdong and joined an energy technology company in Huizhou in 1999, specializing in mobile batteries and chargers. Two years later, he founded Eve Energy in the same city and it began publicly trading in Shenzhen in October 2009. The company expanded over the next two decades and by 2020 had become the fifth-largest EV battery supplier in China, according to a Bloomberg News report.

Milestones
  • 2001 Company founded in Huizhou, southern China.
  • 2009 Starts publicly trading on Shenzhen stock exchange's GEM board.
  • 2012 Opens sales office in Taiwan.
  • 2020 Sets up a co-operation agreement with Alibaba Group.