Jun

Rank #87

CHINA•Technology•Smartphones, automobiles

Lei Jun

Net Worth

$27.355B

-1.98% (24h)

Lei Jun is a prominent Chinese billionaire entrepreneur and computer engineer. He is best known as the founder, chairman, and CEO of Xiaomi, a leading consumer electronics company. His wealth source is primarily from his stake in Xiaomi and its related businesses. Lei Jun's career began at Kingsoft, and he later founded Joyo.com. He has been recognized for his entrepreneurial achievements, including being named Forbes Asia's Businessman of the Year in 2014 and recognized by Time 100 in 2015. Lei Jun has also been a deputy to the National People's Congress of the People's Republic of China since 2013.

The Full Dossier

Early Life

Lei Jun was born on December 16, 1969, in Xiantao, Hubei, China. His parents were teachers. Lei developed an early interest in electronics, often disassembling and reassembling radios. He graduated from Wuhan University in 1991 with a Bachelor of Science degree in Computer Science.

Rise to Success

Lei Jun began his career in 1992 at Kingsoft, rising to CEO in 1998. He led Kingsoft through an IPO. In 2010, he co-founded Xiaomi with several partners. Under his leadership, Xiaomi quickly gained popularity, becoming a leading smartphone manufacturer globally. Lei Jun is also involved in electric vehicles, with Xiaomi launching the SU7 electric sedan and the YU7 electric SUV.

Key Business Strategies

Xiaomi's success is built on providing high-quality products at affordable prices. Lei Jun has focused on customer feedback and community engagement. Xiaomi has expanded into the electric vehicle market.

Philanthropy

Lei Jun has donated significant amounts to charity, including a donation of $2.2 billion worth of Xiaomi shares to charity in 2021.

Career Timeline

2014

Forbes Asia Businessman of the Year

Named Forbes Asia's Businessman of the Year.

2013

National People's Congress

Appointed as a deputy of the National People's Congress of the People's Republic of China.

2010

Founded Xiaomi

Co-founded Xiaomi with partners, including Lin Bin.

2004

Sold Joyo.com

Sold Joyo.com to Amazon for $75 million.

1998

CEO of Kingsoft

Became the CEO of Kingsoft.

1992

Joined Kingsoft

Began working at Kingsoft as an engineer.

1991

Graduated from Wuhan University

Received a Bachelor of Science degree in Computer Science.

Philanthropic Impact

Education and Social Causes$2.2B

Charitable Donations

Donated $2.2 billion worth of Xiaomi shares to charity in 2021.