Wang Laichun

Net Worth

$12.157B

-2.36% (24h)

Wang Laichun is a prominent Chinese billionaire businesswoman and the co-founder and chairwoman of Luxshare Precision Industry Co., Ltd (Luxshare-ICT). Born in 1966 or 1967, Wang transitioned from a factory worker to a leading figure in the technology industry. Her net worth is estimated at $12.2 billion as of 2024. Luxshare-ICT, founded in 2004, has become a key global supplier of electronic components, cables, and connectors, particularly for Apple Inc. Wang's career includes a decade at Foxconn, which honed her skills. Her achievements also earned her recognition as one of the youngest self-made women billionaires in the world in 2014.

The Full Dossier

Early Life

Wang Laichun was born in 1967 in Shantou, Guangdong province, China, into a farming family. Her early life involved agricultural labor, setting the foundation for her later work ethic.

Rise to Success

At 17, Wang moved to Shenzhen to work in the electronics industry. She joined Sanyo and later, in 1988, Foxconn. At Foxconn, she began as an assembly line operator in the wiring business unit. After a decade, she left Foxconn to start Luxshare Precision Industry Co., Ltd (Luxshare-ICT) with her brother in 2004. She led Luxshare-ICT to become a major global supplier of electronic components, cables, and connectors for Apple Inc. and other companies.

Key Business Strategies

Luxshare-ICT focused on high-quality manufacturing and innovation, which led to a strong partnership with Apple. The company went public in 2010 on the Shenzhen Stock Exchange. It also expanded its product range and made strategic acquisitions to diversify its business.

Philanthropy

Information regarding Wang Laichun's specific philanthropic activities is not available in the search results.

Career Timeline

2014

Recognized as a Youngest Billionaire

Recognized as one of the world's youngest self-made women billionaires.

2010

Luxshare-ICT IPO

Luxshare-ICT was listed on the Shenzhen Stock Exchange.

2004

Co-founded Luxshare-ICT

Founded Luxshare Precision Industry Co., Ltd. with her brother Wang Laishen.

1988

Joined Foxconn

Worked as an assembly line operator in the wiring business unit.

1984

Employee at Sanyo

Began her career as an assembly worker at Sanyo, a Japanese electronics manufacturer.