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# 425 Lin Li $5.24B

Random fact: Lin's younger brother took over as Shenzhen Liye Group's chairman.

Overview

Lin is the founder of Shenzhen Liye Group, a closely held group of diversified businesses including securities brokerage, electrical transformers and lithium battery companies. Chinalin Securities, the group's finance arm, trades publicly in Shenzhen and reported revenue of 1.1 billion yuan ($165 million) in 2018.

As of :
Last change +$80.7M ( +1.6%)
YTD change +$358M ( +7.3%)
Industry Diversified
Biggest asset 002945 CH Equity
Citizenship China
Age 57
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Lin Li's net worth of $5.24B can buy ...

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troy ounces of gold
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barrels of crude oil

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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 Lin's fortune is derived from his 64% stake from Chinalin Securities, a broker and investment advisory service provider in China. The Shenzhen-based business reported revenue of 1.1 billion yuan ($165 million) in 2018.

Lin holds the stake through Shenzhen Liye Group, a closely held investment vehicle wholly owned by him and his mother, according to the company's 2019 third-quarter report.

Closely held Shenzhen Liye Group owns a stake in Ping An Insurance (Group) Company, which is worth about $895 million, based on a Bloomberg analysis of Shenzhen Liye's 2018 bond prospectus.

Shenzhen Liye Group also operates electrical transformers and lithium battery businesses. The electrical transformers unit reported revenue of 1.5 billion yuan in 2017, according to a bond rating report. It's valued based on the average price-to-earnings multiple of three publicly traded peers: TBEA Co., Zhejiang Chint Electrics Co. and China XD Electric Co.

The lithium battery business unit had revenue of 1.6 billion yuan in 2017, according to the same rating report and it's valued based on the average price-to-earnings multiple of three publicly traded peers: Wuxi Lead Intelligent Equipment Co., Shenzhen Kedali Industry Co. and Eve Energy Co.

Biography

Birthdate: 5/15/1963
Family: Unmarried, No children

Lin was born in May 1963 in Zijin, China.

He graduated from Hubei University of Technology and started his career in the banking industry in the 1970s. Lin worked as an accountant at a branch of China Agricultural Bank in Guangdong and later became chief of a Bank of China branch in 1993.

Lin founded Shenzhen Liye Group in May 1995 as the sole owner of the group with his mother. He became chairman of Chinalin Securities, a publicly traded broker, in October 2014, according to a bond prospectus in 2018.

Milestones
  • 1963 Born in Zijin, China
  • 1995 Starts Shenzhen Liye Group.
  • 2000 Becomes one of the founding shareholders of Guangdong Development Bank.
  • 2014 Acquires a stake in Chinalin Securities and becomes controller of the company.