Bloomberg Billionaires Index

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# 302 Li Ping $7.33B

Random fact: About 95% of CATL's income comes from China.

Overview

Li is the co-vice chairman of Contemporary Amperex Technology Co., the world's largest supplier of electric vehicle batteries. The Ningde, China-based company was founded in 2011 and reported revenue of 130 billion yuan ($20.2 billion) in 2021. CATL started trading publicly on the Shenzhen stock exchange in June 2018.

As of :
Last change -$114M ( -1.5%)
YTD change -$1.79B ( -19.6%)
Biggest asset 300750 CH Equity
Country / Region China
Age 54
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Li Ping's net worth of $7.33B 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
0%
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 Li's fortune is derived from his 5% stake in Contemporary Amperex Technology Co., a battery products manufacturer. CATL is the largest supplier of electric vehicle batteries in the world, according to its website.

He owns the shares directly and through holding company Ruitai Hongyu, according to a May 10, 2022 company filing. About 14% of the shares are pledged, according to the filing, and removed from the net worth calculation.

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

Elaine Huang, a spokeswoman for the company, declined to comment on the billionaire's net worth.

Biography

Birthdate: 1968
Family: Unknown, No children
Education: Fudan University, Ceibs

Born in 1968, Li has a degree of Fudan University and a MBA from China Europe International Business School, according to CATL's prospectus.

He worked in electrical engineering companies before joining CATL. He began serving as co-vice chairman of the company in December 2015, according to the battery maker's 2019 annual report.

CATL started trading publicly on the Shenzhen stock exchange in June 2018. It has produced at least four billionaires.

Milestones
  • 2011 CATL was founded.
  • 2014 Begins partnership with BMW.
  • 2017 Sets up offices in France, U.S., Canada and Japan.
  • 2018 Company starts trading in Shenzhen.