How much is Lei Jun’s net worth?
| net worth: | $1.3 billion |
|---|---|
| age: | 54 |
| Birth: | December 16, 1969 |
| gender: | Male |
| Height: | unknown |
| country of origin: | China |
| Sources of funds: | entrepreneur |
| Last Updated: | July 27, 2024 |
Introduction
Lei Jun is a Chinese billionaire entrepreneur who co-founded Xiaomi Inc., the world’s largest mobile phone manufacturer.
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In June 2018, Xiaomi raised $4.72 billion after listing on the Hong Kong Exchanges and Clearing.
As of July 2024, Lei Jun’s net worth is estimated to be $1.3 billion.
early life
Lei Jun was born on December 16, 1969 in Xiantao, Hubei, China.
In 1987 he graduated from Mianyang Middle School and began studying at Wuhan University, where he completed all credits within two years and received a BA degree in computer science.
Lei joined Kingsoft as an engineer in 1992, becoming the company’s CEO in 1998 and leading the company to an IPO.
On December 20, 2007 he resigned as President and CEO of Kingsoft for “health reasons”.
Livelihood
Leigh was interested in electronics from a young age and loved disassembling and reassembling radios, which his father encouraged.
He created the first electric lamp in his village using only two batteries, a bulb, a self-made wooden box and some wires.
Lei graduated from Mianyang Middle School and received a degree in computer science from Wuhan University, where he earned a Bachelor of Arts degree in computer science.
During his final year of college, he founded his own company, Gundugoms, which highlights his entrepreneurial spirit and desire for success.
Building his legacy
Shortly after graduation, he joined Kingsoft as an engineer and became its CEO a few years later.
Unfortunately, due to undisclosed health reasons, Lei had to resign as President and CEO of Kingsoft, freeing him to pursue other tasks.
Shortly thereafter, he founded an online book store called Joyo.com, which he sold to Amazon for $75 million.
Like Jeff Bezos, Lei saw an opportunity to capitalize on the global demand for books and use his engineering skills to build a successful business.
A year later, he invested a million dollars in the Chinese social network “YY.” When it became a public company, those shares were worth $129 million.
During this time, he became the president of UCWeb Inc., a Chinese mobile network company that provides services such as mobile browsers to the people.
In 2010, Lei Jun founded the mega-successful Xiaomi with several partners, including former Google executive and Chinese billionaire Lin Bin.
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As predicted, Xiaomi has become one of the largest consumer electronics companies globally and has become a trusted name.
The Chinese government considers Xiaomi one of its leading national companies and is proud of the fact that it is the youngest company in the Fortune Global 500.
taking risks
After Xiaomi, Jun co-founded Shunwei Capital, an investment firm that seeks out undervalued social networking entities, primarily startups.
When he rejoined Kingsoft as President, he believed that his leadership and guidance could contribute to the company’s growing success.
He used his inspiration to grow his business, just like Jack Ma built Alibaba Group in China.
Returning to Kingsoft gave him the opportunity to further develop his expertise in the technical field and strengthen his influence in the industry.
During this time, he helped turn Kingsoft into a financially stable company that focused primarily on products such as video games and computer security software.
The National Agency on Prevention of Corruption has listed Lei Jun and other Xiaomi executives to maintain business in Russia after the 2022 war.
His recognition as an “outstanding builder of socialism with Chinese characteristics” led to his inclusion on the US Department of Defense’s list of deputies to support China’s military.
He began his philanthropic journey by donating to Wuhan University in 1997 and eventually donated over $1 billion to various causes.
Lei then made a historic personal donation of 1.3 billion yuan to Wuhan University, a major milestone in his philanthropic efforts.
Some of their most notable contributions include donating to disaster relief efforts and participating in initiatives such as the Ice Bucket Challenge.
Forbes Businessman of the Year
He later donated a large sum of money to an organization called Zhuhai Charity, which funds schools for migrants and Yangchun villagers.
Additionally, Lei donated at least $2.2 billion worth of Xiaomi shares to various charities, as he felt the need to give back to his community.
He joins other successful entrepreneurs such as Ma Huateng, Michael Dell and Zhong Shanshan who made it to Forbes’ list of the richest businessperson of the year.
During this time, he was appointed a delegate to the National People’s Congress, demonstrating his commitment to entering Chinese politics.
The Chinese government has launched a state-led industrial policy called “Made in China”, aimed at making China the world leader in global manufacturing.
Lei announced he would invest in companies that advance the new “Made in China” movement, including industries such as aerospace and biotech.
It was recently announced that Xiaomi would invest $10 billion in electric car manufacturing and later unveiled its first production vehicle.
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Lei publicly announced his goal of becoming one of the world’s five most prominent automakers, and in 2024, Xiaomi officially launched the SU7 sedan.
He said Xiaomi’s SU7 has become the best alternative for Apple users due to its technology, after Apple said it would not manufacture cars.
Lei has also said that Xiaomi will invest 20 billion yuan annually to integrate AI into smartphones, automobiles and robots.
Lei Jun Net Worth
As of July 2024, Lei Jun’s net worth is $1.3 billion.
Highlights
Here are some of the best highlights of Lei Jun’s career:
- He is the founder, chairman and CEO of Xiaomi
- Honorary Professor at Zhengzhou Institute of Engineering (2003)
- One of Asia’s 11 Most Powerful Businessmen (2013)
Favorite quotes from Lei Jun
“We make every effort to bring the latest and most innovative technology to our passionate customers using the best technology in the industry. Our collaboration with Qualcomm Technologies on the Snapdragon 810-powered Mi Note Pro gives us the ability to deliver more performance, features and user capabilities on a mobile device than ever before.” – Lei Jun
“We got to know a lot of investors and found out what they like and what they don’t like. Through multiple co-investment opportunities, we have built trust among these investors. So when it came to investing in Xiaomi, things were much easier.” – Lei Jun
“Most fans have ideas about their ideal phone. But many of them can’t do it because phones are hard to make. So they give us feedback about features they think should be included in our next model. And if we include it in our new phone, they’ll share the good news with their friends.” – Lei Jun
3 valuable lessons from Lei Jun
Now that you know all about Lei Jun’s net worth and how he achieved success, let’s look at some lessons we can learn from him:
1. Seize the moment, timing is crucial
Maybe now, instead of saying ‘carpe diem’ all the time, the lei is longer, “If one goes with the current trends things become much easier. If a pig gets caught in the middle of a storm it can fly away.” can improve.
2. Quality first
Lei said companies should focus on great design and great quality.
It is easy for companies in developing countries to slack off and ignore quality in an effort to quickly bring innovation to market.
3. Innovation
We have to be very committed to innovation, Lei said.
From day one, our focus has been on developing key technologies and dedicating manpower and other resources to R&D.
Frequently Asked Questions
How much is Lei Jun worth?
Lei Jun’s net worth is estimated at $1.3 billion.
How old is Lei Jun?
Lei Jun was born on 16 December 1969 and is currently 54 years old.
How tall is Lei Jun?
Lei Jun’s height is unknown.
Summary
Lei Jun is a Chinese businessman often referred to as the “Steve Jobs of China”.
He is the founder, chairman, and CEO of Xiaomi, a technology company that develops, designs, and sells smartphones, apps, and consumer electronics.
As of July 2024, Lei Jun’s net worth is approximately $1.3 billion.
What do you think about Lei Jun’s net worth? Comment below.
Source: https://th-xuyenmoc.edu.vn
Category: Net worth