Bloomberg Billionaires Index

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# 477 Zhou Hongyi $4.33B

Random fact: Previously employed as general manager of Yahoo China.

Overview

Zhou is chairman of 360 Security Technology, an internet security company with more than 500 million users in China. The Beijing-based business had revenue of 12.9 billion yuan ($2 billion) in 2018. It traded publicly in the U.S. between 2011 and 2016, before joining the Shanghai exchange through a backdoor listing in 2018.

As of :
Last change -$110M ( -2.5%)
YTD change -$16.9M ( -0.4%)
Industry Technology
Biggest asset 601360 CH Equity
Citizenship China
Age 49
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhou Hongyi's net worth of $4.33B 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 Zhou's fortune is derived from a 23.4 percent stake in 360 Security Technology, a publicly-traded software company. It has more than 500 million monthly active users in China, according to its 2018 annual report.

He controls the stake directly and through holding companies Tianjin Qixin Zhicheng Technology and Tianjin Zhongxin Investment, according to the company's 2019 first quarter report.

Zhou also owns a 13 percent stake in 360 Finance, a division of the 360 group. He controls the stake through Aerovane Company, a British Virgin Islands-based holding company that's held by Zhou's son and daughter, according to the 2018 annual report. The stake is attributed to Zhou to reflect his status as the founder of the group. The company began trading separately on Dec. 14, 2018 and the addition of this asset led to an increase in the net worth calculation of about $300 million.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance. A loan facility associated with the 2016 privatization of Qihoo is considered as part of the analysis.

Yue Jing, a spokeswoman for 360 Security Technology, declined to comment on the net worth calculation.

Biography

Birthdate: 10/4/1970
Family: Married, 3 children
Education: Xi'an Jiaotong University, Xi'an Jiaotong University

Born in 1970, Zhou Hongyi studied computer software at college and received a masters degree in system engineering from Xi'an Jiaotong University in 1995, according to Qihoo 360's 2011 prospectus.

Zhou started his career as a programmer at the state-owned technology company Founder Group. He set-up his first company 3721.com, a Chinese search engine and online marketing business, in 1998. It was acquired by Yahoo China in January 2004. Zhou served as chief executive officer of Yahoo China until August 2005.

He co-founded Qihoo 360 Technology with Qi Xiangdong a year later. The company develops online security software for computers and mobile phones and had about 500 million users in 2016.

The business traded publicly in New York between 2011 and 2016. It became closely held in 2016 before joining the Shanghai exchange when it completed a backdoor listing in February 2018.

Milestones
  • 1995 Graduates with a masters degree from university.
  • 1998 Sets up his first company 3721.com, a Chinese search engine.
  • 2004 3721.com is acquired by Yahoo China.
  • 2004 Becomes the chief executive officer of Yahoo China.
  • 2006 Co-founds Qihoo 360 Technology.
  • 2011 Qihoo 360 Technology begins trading publicly in the U.S.
  • 2016 Qihoo is privatized and removed from the New York stock exchange.
  • 2018 The company starts trading publicly in Shanghai.