Bloomberg Billionaires Index

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

# 171 Lei Jun $9.14B

Random fact: Calls angel investing a hobby on his Weibo.

Overview

Lei is chairman of Xiaomi, a Chinese smartphone maker that competes with Apple and Samsung. The Beijing-based company had revenue of 175 billion yuan ($26.5 billion) in 2018 from the sale of its smartphones, software applications and consumer electronics. Before he founded Xiaomi, Lei was CEO of software developer Kingsoft.

As of :
Last change -$16.3M ( -0.2%)
YTD change -$2.72B ( -22.9%)
Industry Technology
Biggest asset 1810 HK Equity
Citizenship China
Age 49
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Lei Jun's net worth of $9.14B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
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 Lei's fortune is derived from a 30% stake in Xiaomi, a Chinese smartphone maker. He holds the shares through wholly-owned holding companies Smart Mobile and Smart Player, according to Hong Kong stock exchange filings dated Feb. 11, 2019 and May 30, 2019.

The valuation was revised on July 9, 2018 when the company began trading on the Hong Kong Stock Exchange. It was previously based on a peer analysis of the hardware and Internet services divisions. The change in methodologies led to an increase in the net wealth calculation of more than $10 billion.

Lei also owns 13% of Kingsoft, which makes security and gaming software, and 11 percent of YY Inc, a mobile entertainment and online social platform.

The value of his cash assets is based on an analysis of dividends, insider transactions, taxes and market performance.

Tang Yue, a spokesman for Xiaomi, declined to comment on Lei's net worth.

Biography

Birthdate: 12/1/1969
Family: Married, 2 children
Education: Wuhan University

Lei Jun was born in central China's Hubei province in 1969. After graduating from Wuhan University with a bachelor's degree in computer science, Lei went north to Beijing and landed a job at Kingsoft, a software maker located in the city's Zhongguancun area, known as China's Silicon Valley.

Lei became chief executive officer of Kingsoft in 1998. He co-founded Joyo.com, an online retailer, and sold it to Amazon.com in 2004. He also invested in other ventures, including YY, a Chinese game and mobile social network website that sold shares in an initial public offering in 2012.

He founded Xiaomi, a smartphone maker, in 2010. The company shipped 18.7 million handsets in 2013 and shipments are expected to surge to 40 million in 2014, Lei said in January 2013.

In 2013, Lei hired Hugo Barra, who helped oversee Android product management at Google, to lead the company’s international business development as it prepares to take on Apple and Samsung Electronics overseas. The company turned profitable for the first time in 2013, three years after it was founded, according to a filing with the Hong Kong Stock Exchange.

Milestones
  • 1969 Lei Jun is born in Hubei province in central China.
  • 1987 Enrolls in Wuhan University and majors in computer science.
  • 1992 Joins software maker Kingsoft in Beijing.
  • 1999 Co-founds Joyo.com, an online retailer.
  • 2004 Sells Joyo.com to Amazon.com.
  • 2007 Lei resigns as the CEO of Kingsoft.
  • 2010 Co-founds Xiaomi to make smartphones in Beijing.
  • 2011 Kingsoft appoints Lei as chairman of the board.
  • 2011 Releases the first Xiaomi smartphone. It runs on the Android operating system.
  • 2012 YY sells shares in an initial public offering.