What is Lei Jun’s net worth?
| net worth: | $1.3 billion |
|---|---|
| age: | 54 |
| date of birth: | December 16, 1969 |
| gender: | male |
| high: | unknown |
| country of origin: | China |
| Source of wealth: | entrepreneur |
| Last updated: | July 27, 2024 |
introduce
Lei Jun is a Chinese billionaire entrepreneur who co-founded Xiaomi, one of the world’s largest mobile phone makers.
In June 2018, Xiaomi was listed on the Hong Kong Stock Exchange, raising US$4.72 billion.
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 entered Wuhan University. He completed all credits in two years and obtained a bachelor’s degree in computer science.
Lei Jun joined Kingsoft Software as an engineer in 1992, became the CEO of Kingsoft Software in 1998, and led the company to its initial public offering.
On December 20, 2007, he resigned as President and CEO of Kingsoft due to “health reasons”.
Profession
Ray was interested in electronics from a young age and enjoyed disassembling and reassembling radios, something his father encouraged him to do.
Using only two batteries, a light bulb, a homemade wooden box and some wires, he created the village’s first electric light.
Mr. Lei graduated from Mianyang Middle School and later studied computer science at Wuhan University, where he received a bachelor’s degree in computer science.
In his final year of university, he founded his own company, Gundugoms, demonstrating his entrepreneurial spirit and drive for success.
Building his legend
Soon after graduation, he joined Kingsoft as an engineer and became CEO a few years later.
Unfortunately, due to unknown health reasons, Lei Jun was forced to resign as President and CEO of Kingsoft Software so that he could freely pursue other businesses.
Soon after, he founded Joyo.com, an online bookstore that he later sold to Amazon for $75 million.
Like Jeff Bezos, Lei Jun saw an opportunity to benefit from the global demand for books and used his engineering skills to create a successful business.
A year later, he invested $1 million in the Chinese social network YY. When the company went public, the stake was worth $129 million.
During this time, he became chairman of UCWeb, a Chinese mobile network company that provides services such as mobile browsers.
Lei Jun founded the hugely successful Xiaomi in 2010 with a number of partners, including former Google executive and Chinese billionaire Lin Bin.
As predicted, Xiaomi has become one of the largest consumer electronics companies in the world and a trusted household name.
The Chinese government considers Xiaomi one of the country’s leading national enterprises and is proud that it is the youngest company on the Fortune Global 500 list.
Take risks
After Xiaomi, Li Jun co-founded Shunwei Capital, an investment firm that seeks out undervalued social networking entities, mostly startups.
When he rejoined Kingsoft as Chairman, he believed that his leadership and guidance would help the company achieve greater success.
He used his inspiration to grow his business, just as Jack Ma did when he founded Alibaba Group in China.
Returning to Kingsoft has enabled him to deepen his expertise in the technology field and further enhance his influence in the industry.
During this time, he helped transform Kingsoft into a financially stable company focused on products such as video games and computer security software.
The National Bureau of Corruption Prevention has listed Lei Jun and other Xiaomi officials for maintaining operations in Russia after the 2022 war.
He was named an “outstanding builder of socialism with Chinese characteristics” and was therefore included in the US Department of Defense’s list of supporters of the Chinese military.
He began his philanthropic journey in 1997 with a donation to Wuhan University and eventually donated more than $1 billion to various causes.
Subsequently, Lei Jun made a historic donation of 1.3 billion yuan to Wuhan University, marking a new step in his philanthropy.
His most notable contributions include donating to disaster relief efforts and participating in activities such as the Ice Bucket Challenge.
Forbes Businessperson of the Year
He later donated a large sum of money to the Zhuhai Charity Association, an organization that built schools for migrant workers and Yangchun villagers.
At the same time, Lei Jun has donated at least $2.2 billion worth of Xiaomi shares to various charities because he feels the need to give back to society.
He made it onto Forbes’ annual list of the richest businessmen along with other successful entrepreneurs including Ma Huateng, Michael Dell, and Zhong Shanshan.
During this period, he was appointed as a representative of the National People’s Congress, demonstrating his determination to join Chinese politics.
The Chinese government launched “Made in China,” a state-led industrial policy aimed at making China a global leader in manufacturing.
Lei Jun has declared that he will invest in companies driving the new “Made in China” movement, including industries such as aerospace and biotechnology.
Xiaomi recently announced that it would invest $10 billion in electric vehicle manufacturing and subsequently launched its first mass-produced car.
Lei Jun publicly announced the goal of becoming one of the top five global automakers, and in 2024, Xiaomi officially launched the SU7 sedan.
He said that since Apple announced that it would not produce cars, Xiaomi SU7 has become the best choice for Apple users due to its technology.
Lei Jun also said Xiaomi will invest 20 billion yuan each year to integrate artificial intelligence into smartphones, cars and robots.
Lei Jun Net Worth
As of July 2024, Lei Jun’s net worth is $1.3 billion.
emphasize
Here are some highlights from Lei Jun’s career:
- He is the founder, chairman and CEO of Xiaomi
- Honorary Professor of Zhengzhou Institute of Technology (2003)
- One of the 11 most influential business people in Asia (2013)
Lei Jun’s favorite quotes
“We make every effort to provide our passionate customers with the latest and most innovative technologies, drawing on the best in the industry. Our collaboration with Qualcomm Technologies on the Mi Note Pro powered by Snapdragon 810 has enabled us to deliver more performance, functionality and user capabilities than ever before in a mobile device.” – Lei Jun
“We know a lot of investors and know what they like and don’t like. Through many co-investment opportunities, we have built trust with these investors. So when investing in Xiaomi, things became much easier.” – Lei Jun
“Most fans have an idea of their ideal phone. But many can’t achieve it because it’s so hard to make a phone. So they give us feedback on what features they think our next phone should have. If we incorporate those features into the new phone, they share the good news with their friends.” – Lei Jun
3 valuable lessons Lei Jun taught us
Now that you know about Lei Jun’s net worth and how he achieved his success, let’s look at some lessons we can learn from him:
1. Seize the opportunity. Timing is key.
Maybe now, Lei Jun will no longer always say “Carpe Diem”, but say something longer, “If a man can go with the flow, things become much easier. Even a pig can fly if he finds himself in the middle of a storm.” It could be better.
2. Quality first
Lei said companies should focus on good design and superior quality.
It is easy for companies in developing countries to cut corners and not focus on quality when trying to bring innovations to market quickly.
3. Innovation
Lei Jun said that we must remain steadfast in our commitment to innovation.
From day one, the company’s focus has been on developing core technologies and investing human and other resources in research and development.
Frequently Asked Questions
How much is Lei Jun worth?
Lei Jun’s net worth is estimated to be $1.3 billion.
How old is Lei Jun?
Lei Jun was born on December 16, 1969 and is 54 years old.
How tall is Lei Jun?
Lei Jun’s height is unknown.
Summary
Lei Jun is a Chinese businessman who is 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, applications and consumer electronics.
As of July 2024, Lei Jun’s net worth is approximately $1.3 billion.
What do you think of Lei Jun’s net worth? Leave a comment below.
Categories: Net Worth
Source: svlsf.edu.vn