Lin is the founder of Shenzhen Liye Group, a closely held conglomerate. The Shenzhen-based group's divisions include securities brokerage, electrical transformer and lithium battery companies. Chinalin Securities, the finance arm, is publicly traded and reported revenue of 1.7 billion yuan ($246 million) in 2020.
Lin Li's net worth of $6.90B can buy ...
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The majority of Lin's fortune is derived from his 64% stake from Chinalin Securities, a broker and investment advisory service provider in China.
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 2021 third-quarter report.
Shenzhen Liye Group also operates electrical transformers and lithium battery businesses. The electrical transformers unit reported revenue of 1.7 billion yuan in the year to June 2020, according to a bond rating report. It's valued using reported financial results and the average price-to-earnings multiple of three publicly traded peers: TBEA Co Ltd, Zhejiang Chint Electrics Co Ltd and Huaming Power Equipment Co Ltd.
The lithium battery business unit had revenue of 1.3 billion yuan in 2019, according to the same rating report and it's valued using reported financial results and the average price-to-earnings multiple of four publicly traded peers: Wuxi Lead Intelligent Equipment Co Ltd, Shenzhen Kedali Industry Co Ltd, Fujian Nebula Electronics Co Ltd and Shenzhen Center Power Tech Co Ltd.
A liability is applied based on an analysis of stock performance, historical transactions and tax.
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.