Bloomberg Billionaires Index

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

# 118 Lv Xiang-yang $14.6B

Random fact: Berkshire Hathaway bought a 10% stake in BYD in 2008.


Lv is a director of BYD, a Chinese maker of electric cars. The Shenzhen-based company received backing from Warren Buffett's Berkshire Hathaway and reported revenue of 211 billion yuan ($32.8 billion) in 2021. Aside from cars and buses, it also makes rechargeable and nickel-cadmium batteries for use in mobile phones.

As of :
Last change No change
YTD change +$1.01B ( +7.4%)
Biggest asset 002594 CH Equity
Country / Region China
Age 60
Industry Consumer
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Lv Xiang-yang's net worth of $14.6B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lv's fortune is derived from his 22% stake in BYD, a publicly traded maker of batteries and automobiles in Shenzhen.

Lv owns the stake directly and through Youngy Investment, according to a Dec. 3, 2022 company filing. About 16% of his stake is pledged and removed from the net worth calculation.

He also holds a 25% stake in Youngy Co. and a 15% stake in Youngy Health, according to company filings.

The billionaire's cash and other investments are based on an analysis of dividends, insider transactions, taxes and market performance.

Mia Gu, a spokeswoman for the company, declined to comment on the calculation.


Family: Married, No children

Born in 1962 in Anhui, central China, Lv is the elder cousin of Wang Chuan-fu, chairman of BYD. Lv started his career working in a China Central Bank unit in Anhui and later co-founded BYD with Wang in February 1995, according to the company's 2020 annual report.

The company was making lithium-ion batteries for handsets by 1997, and later expanded to cars, joining billionaire Li Shufu's Geely Automobile Holdings as one of country's first non-state owned electric carmakers.

BYD began trading on the Hong Kong stock exchange in 2002. It attracted the attention of billionaire investor Warren Buffett who bought a stake through a unit of Berkshire Hathaway in 2008.

The company has benefited from some of the Chinese government's air pollution policies, including mandates that electric cars make up a certain amount of state vehicle purchases.

  • 1995 BYD was founded with 2.5 million yuan and 20 employees.
  • 1998 Founded the first overses unit in Europe.
  • 2002 Started publicly trading in Hong Kong.
  • 2011 Started trading in A shares in Shenzhen.