BillionaireNet
Ying
Michael Ying
Rank #1704
HONG KONGFashion & RetailRetail

Michael Ying

Net Worth
$2.305B
0% (24h)
Michael Ying, born in Hong Kong in December 1949, is a self-made billionaire renowned for his pivotal role in transforming Esprit Holdings Limited into a global fashion retailer. Starting as a garment factory laborer, Ying rose to become Esprit's chairman and CEO, overseeing the company's significant expansion and sales growth. Ying is also a dedicated philanthropist, establishing the Yanai Foundation in 2006, which supports medical and educational initiatives. As of late 2024, his net worth is estimated at $2.3 billion, primarily from his past stake in the company and other investments.

The Full Dossier

Early Life

Michael Ying Lee Yuen was born in Hong Kong in December 1949. His family's origins trace back to Wenchang, Hainan, China. Ying began his career in the garment industry as a laborer.

Rise to Success

In 1970, Ying became the sole sourcing agent for Esprit. He later became the chairman and CEO of Esprit Holdings Limited. During his 13-year tenure as chairman, he oversaw Esprit's global expansion and sales surge. In the mid-2000s, Esprit Holdings Limited generated worldwide sales of around EUR 3.25 billion.

Key Business Strategies

Ying was instrumental in the global expansion of Esprit, overseeing the establishment of over 770 retail stores and distribution to over 15,150 wholesale locations.

Philanthropy

In 2006, Ying started the Yanai Foundation, which focuses on medical and educational initiatives. The foundation has built over 200 schools across 18 provinces.

Career Timeline

2006

Founded Yanai Foundation

Established the Yanai Foundation to support medical and educational initiatives.

2006

Stepped Down as CEO

Stepped down as CEO of Esprit and focused on philanthropy.

2002

Full Ownership of Esprit

Acquired full ownership of Esprit, becoming its chairman and CEO.

1993

Esprit Far East Listed

Listed Esprit Far East on the Hong Kong Stock Exchange.

1970

Sole Sourcing Agent for Esprit

Became the sole sourcing agent for Esprit, a key step in his career within the fashion industry.

Philanthropic Impact

Education and Healthcare$XB

Yanai Foundation

Supports educational and healthcare initiatives, having built over 200 schools across 18 provinces in China

Wealth Trajectory