Source of Wealth:Smartphones
Full Name:Lei Jun
Occupation:Co-Founder of Xiaomi Inc.
About Lei Jun
Lei Jun is the co-founder of Xiaomi Inc. and he has an estimated net worth of $7.75 billion in March 2017, according to Bloomberg. He joined the Forbes Billionaires list as the 868th person in the list of World Billionaires and is ranked 55th in the China Rich List.
Considered as the Steve Jobs of China, Mr. Lei became a billionaire with an estimated net worth of $1.75 billion because of the soaring valuation of Xiaomi in 2012. It is one of the fastest growing smartphone companies in China where he serves as the chairman and chief executive officer. His fortune even increased with boost in the Chinese social gaming company, YY Inc., which went public on the Nasdaq in November 2012. He started investing his $1 million in the company in 2005.
Lei Jun also owns minority stakes in several Chinese online enterprises such as the Hong Kong-listed software firm Kingsoft, mobile browser provider UC Web, and private e-commerce companies VANCL and Lakala. He is a graduate computer science degree from Wuhan University in China in 1991.
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