Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 217 Liu Jincheng $9.36B

Random fact: Is a supplier to China Mobile's 5G devices.

Overview

Liu is the chairman of EVE Energy, the fifth-largest supplier of lithium-ion batteries to China’s electric vehicle sector. The Huizhou-based business has more than 9,000 employees 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 -$188M ( -2.0%)
YTD change -$3.54B ( -27.4%)
Biggest asset 300014 CH Equity
Country / Region China
Age 58
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Liu Jincheng's net worth of $9.36B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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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
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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 fifth-largest supplier in China and has about 5% of market, according to a Bloomberg News report.

Liu owns his 35% stake through a holding company with his wife, and of these, about 7% of the stake is pledged, according to a May 18, 2022 company filing.

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

Biography

Birthdate: 1964
Family: Married, No children
Education: South China University of Technology, University of Electronic Science & Technology of China, Wuhan University, China Europe International Business School

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.