Net Worth
Lei Jun Net Worth
What is Lei Jun’s net worth?
| Net Worth: | $1.3 Billion |
|---|---|
| Age: | 52 |
| Born: | December 16, 1969 |
| Country of Origin: | China |
| Source of Wealth: | Entrepreneur |
| Last Updated: | August 2, 2022 |
Table of Contents
Introduction
Lei Jun is a Chinese billionaire entrepreneur who co-founded Xiaomi Inc, one of the largest mobile phone makers in the world.
In June 2018 Xiaomi raised $4.72 billion after being listed at the Hong Kong Exchanges and Clearing.
As of August 2022, Lei Jun’s net worth is estimated to be $1.3 Billion.
Early Life
Lei Jun was born on the 16th of December, 1969, in Xiantao, Hubei, China.
In 1987, he graduated from Mianyang Middle School and began attending Wuhan University, where he completed all credits within two years and graduated with a BA in computer science.
In 1992, Lei joined Kingsoft as an engineer, becoming the CEO of the company in 1998 and leading it towards an IPO. On 20 December 2007, he resigned as president and CEO of Kingsoft for “health reasons”.
Career
Lei first worked at Kingsoft, one of the largest software companies in China.
After working at Kingsoft for seven years, Lei Jun became the President and CEO of the company. During his career as the CEO and President of Kingsoft, Lei Jun went out of his way and started an online bookstore in 2000.
The growth of the store was tremendous. So much, it became the best fan base for many people on the web by 2004. In 2004, Amazon expressed their interest in the bookstore and acquired Joyo.com for $75 Million
In 2010, Lei Jun founded Xiaomi Inc, a technology company that manufactures smartphones, mobile apps, and other consumer electronics. The following year he rejoined Kingsoft as a chairman.
In 2013, he has appointed a delegate of the National People’s Congress. The following year he was named Businessman of the Year by Forbes.
As of August 2022, Lei Jun’s net worth is $1.3 Billion.
Highlights
Here are some of the best highlights of Lei Jun’s career:
- He is the founder, chairman, and CEO of Xiaomi
- Honorary professor at the Zhengzhou Institute of Engineering (2003)
- One of the 11 most powerful businesspeople in Asia (2013)
Favorite Quotes From Lei Jun
“We make every effort to bring the newest and most innovative technology to our enthusiastic customers, drawing on the best in the industry. Our collaboration with Qualcomm Technologies on the Snapdragon 810-powered Mi Note Pro provides us the ability to deliver more performance, features and user capabilities to a mobile device than ever before.” – Lei Jun
“We got to know a lot of investors and know what they like and don’t like. Through many co-investments opportunities, we have built trust among these investors. So when it came to investing in Xiaomi, things were a lot easier.” – Lei Jun
“Most of the fans have ideas about their perfect phone. But many of them can’t do it because building a phone is tough. So they would give us feedback about the features that they think should be included in our next model. And if we incorporated that in our new phone, they will share the good news with their friends.” – Lei Jun
3 Valuable Lessons From Lei Jun
Now that you know all about Lei Jun’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. Seize The Moment, Timing Is Key
Perhaps now, instead of saying ‘Carpe Diem’ all the time, Lei’s more lengthy “Things get much easier if one jumps on the bandwagon of existing trends. A pig could fly if it finds itself in the middle of a storm.” might be better.
2. Quality First
Lei said companies should focus on great design and great quality. It’s easy for companies in developing countries to cut corners and not focus on quality when they are trying to bring innovation to the market quickly.
3. Innovation
Lei said one has to remain very committed to innovation. From day one, the focus has always been on developing core technologies, committing manpower and other resources in plenty to research and development.
Summary
Lei Jun is a Chinese businessman who often is referred to as the “Steve Jobs of China”. He is the founder, chairman, and CEO of Xiaomi, a tech company that develops, designs, and sells smartphones, apps, and consumer electronics.
As of August 2022, Lei Jun’s net worth is roughly $1.3 Billion.
