BillionaireNet
Wanqiang
Li Wanqiang
Rank #1216
CHINATechnologySmartphones

Li Wanqiang

Net Worth
$3.328B
-2.28% (24h)
Li Wanqiang is a co-founder of Xiaomi, a prominent Chinese technology company known for its smartphones and consumer electronics. Born in 1976, Li played a crucial role in the company's early success, particularly in marketing and the development of the MIUI operating system. His work in building the Xiaomi online community and fostering user engagement helped establish the brand's strong presence in the market. While no longer in an executive role, Li remains connected to Xiaomi as a senior advisor and an angel investor. His source of wealth stems primarily from his stake in Xiaomi, contributing to his estimated net worth of $3.4 billion.

The Full Dossier

Early Life and Education

Li Wanqiang was born in 1976, in China. Details of his early life and education are not widely available in public sources, but his career trajectory indicates a strong interest in technology and business.

Rise to Success

Li Wanqiang co-founded Xiaomi in April 2010 with Lei Jun and six others. He was instrumental in shaping Xiaomi's brand identity and its unique approach to marketing. He played a key role in developing the MIUI operating system, Xiaomi's customized Android interface, which was a major factor in the company's early appeal. Li also led the creation of Xiaomi's online community, emphasizing user engagement and feedback, which helped build a loyal customer base.

Key Business Strategies

Li Wanqiang focused on customer engagement, community building, and online marketing. His leadership in developing MIUI and the Xiaomi network helped Xiaomi differentiate itself in a competitive market. He championed the slogan "science and technology on the one hand, art on the other" to guide Xiaomi's brand strategy, which was used during the launch of the Xiaomi MIX series.

Career Transition

Li Wanqiang stepped down from his active role at Xiaomi in 2019, citing personal reasons, and transitioned to the role of senior advisor. He has since focused on other interests, including angel investing. He has invested in companies like Letianpai, Dayou, and Qysea.

Career Timeline

2023

Angel Investor

Invested in Letianpai, a company within the Hardware industry.

2019

Senior Advisor

Became a senior advisor to Xiaomi after stepping down from executive roles.

2014

Stepped down from active role

Stepped down from his active role as a vice president at Xiaomi, citing personal reasons.

2011

Established Xiaomi Network

Responsible for Xiaomi's mobile phone operation, marketing, service, e-commerce, and logistics.

2010

Co-founder of Xiaomi

Co-founded Xiaomi with Lei Jun and others, playing a key role in the development of MIUI and the company's marketing strategies.

Wealth Trajectory