Bloomberg Billionaires Index

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# 412 Wang Laichun $6.03B

Random fact: Acquired ZF's body-control unit for about $1 billion.

Overview

Wang is chairman and a co-founder of Luxshare Precision Industry, a maker of electronic cables in China. The Dongguan-based business provides connectivity and cabling for smartphones and as well as the cloud computing, automotive and medical industries. It had revenue of 153.9 billion yuan ($23.9 billion) in 2021.

As of :
Last change -$135M ( -2.2%)
YTD change -$3.99B ( -39.8%)
Biggest asset 002475 CH Equity
Country / Region China
Age 55
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Wang Laichun's net worth of $6.03B 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
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Wang's fortune is from her 20% stake in Luxshare Precision Industry, a manufacturer of electronic cables and connectors in China.

Wang owns the stake through holding company Lixun, according to the company's disclosure dated April 28, 2022 She owns the holding company with her brother, Wang Laisheng, and each is credited with half of the shares held. About one-third of Wang's shares are pledged and removed from the calculation.

David Huang, a spokesman for the company, declined to comment on the net worth calculation.

Biography

Birthdate: 1967
Family: Unmarried, No children
Education: Tsinghua University

Wang was born in 1967 and began working in the assembly department at Foxconn in 1988. She left the company 10 years later to set-up her own business.

Wang and her brother, Wang Laisheng, acquired stakes in Hong Kong Luxshare in 1999 before acquiring the chairman and vice chairman roles in 2004. Hong Kong Luxshare later invested in a connector manufacturing business in mainland China, the predecessor of Luxshare Precision Industry, according to a January 2020 bond prospectus.

The company began trading publicly in Shenzhen in 2010.

Milestones
  • 1967 Wang Laisheng is born.
  • 2004 Luxshare is formally founded.
  • 2010 Company becomes publicly traded.
  • 2014 Luxshare-ICT Europe is established.