BillionaireNet
Lee
Paul Lee
Rank #2290
UNITED STATESManufacturingBattery separators

Paul Lee

Net Worth
$1.633B
-4.12% (24h)
Paul Lee, a 67-year-old U.S. citizen, is the chairman of Yunnan Energy New Material (also known as SEMCORP Advanced Materials Group). His source of wealth stems from the production of battery separators, a key component in electric vehicle batteries. His career has been marked by his leadership at Yunnan Energy, a leading global supplier. Lee holds a degree from the University of Massachusetts. With an estimated net worth of $2.0 billion, he holds a global rank of #1963.

The Full Dossier

Early Life and Education

Born in the United States, Paul Lee pursued higher education at the University of Massachusetts, where he earned a degree. Specific details regarding his early life and upbringing are not extensively available in the search results.

Rise to Success

Paul Lee's prominence is tied to his role as the chairman of Yunnan Energy New Material (SEMCORP Advanced Materials Group). The company is a major player in the advanced materials sector, with its focus on battery separator film. This film is a crucial component in lithium-ion batteries, particularly those used in electric vehicles.

Key Business Strategies

Under Lee's leadership, SEMCORP has expanded its production capacity to meet the growing global demand for electric vehicle batteries. The company has invested significantly in building manufacturing facilities, including a plant in Ohio, to supply key components for the EV industry. The company's clients include Panasonic, LG Chemical, and Contemporary Amperex Technology (CATL).

Philanthropy

Details regarding Paul Lee's philanthropic activities are not readily available in the search results.

Career Timeline

2022

Investment in Ohio

Announced the construction of a manufacturing facility in Sidney, Ohio, creating nearly 1,200 jobs with a significant investment.

2019

Became the largest supplier of lithium-ion battery separator film

Yunnan Energy New Material became the largest supplier of lithium-ion battery separator film in the world, overtaking Asahi Kasei.

1996

Co-founded a business

Co-founded a business that manufactured cigarette labels and packages with his brother.

Philanthropic Impact

Information not available.Undisclosed

Information not available.

Information not available.

Wealth Trajectory