Lei Jun (born 16 December 1969) is a Chinese millionaire entrepreneur who established Xiaomi. We will know about Lei Jun Net Worth later in this post.
It is one of the world’s leading smartphone and consumer electronics firms, which raised US$4.72 billion after listing on the Hong Kong Stock Exchange in June 2018. According to the Bloomberg Billionaires Index, Lei Jun’s net worth was projected to be US$16.7 billion as of January 2022, ranking him 118th in the world.
Lei Jun Bio/Wiki
Sun Sign/Zodiac Sign
Xiantao, Hubei, China
Date of Birth
16 December 1969
Marital Status, Wife and Children
Mianyang Middle School
Co-founder & CEO of Xiaomi Inc, Chairman of Kingsoft, Chairman of UCWeb Inc., Chairman of YY.com
Lei Jun was born in Xiantao, Hubei, on December 16, 1969. He graduated from Mianyang Middle School (now Xiantao Middle School) in 1987 and enrolled in Wuhan University, where he finished all courses in two years and earned a BA in computer science. He founded his first firm during his final year of college.
Lei joined Kingsoft as an engineer in 1992 and rose through the ranks to become CEO in 1998, bringing the firm to an IPO. He quit as president and CEO of Kingsoft on December 20, 2007, citing “health concerns.”
Lei became a successful angel investor in China after leaving Kingsoft, investing in over 20 businesses including Vancl.com, UCWeb, and social platform YY. He continues to invest in startups in the e-commerce, social networking, and mobile industries through Shunwei Capital, a company he co-founded.
Lei launched Joyo.com, an online bookshop, in 2000 and sold it to Amazon.com for $75 million in 2004. He was appointed chairman of UCWeb in 2008. Lei Jun established Xiaomi, a technology business that produces smartphones, mobile applications, and other consumer devices, in 2010.
Lin Bin, vice president of the Google China Institute of Engineering, Zhou Guangping, senior director of the Motorola Beijing R&D centre, Liu De, chairman of the Department of Industrial Design at the University of Science and Technology Beijing, Li Wanqiang, general manager of Kingsoft Dictionary, Wong Kong-Kat, principal development manager, and Hong Feng, senior product manager for Google China are among his cofounders.
He returned to Kingsoft as chairman in 2011. Lei Jun was elected as a National People’s Congress delegate in 2013.
Lei Jun was born in Hubei, China on December 16, 1969. He is one of many persons whose great future frequently starts with a lot of difficulties in infancy. Jun spent most of his time before school in a tough industrial region in the stress of Wuhan, Central China.
The now-technologist attended Mianyang Middle School and graduated in 1987. Jun enrolled at Wuhan University as a Computer Science student shortly after finishing middle school. He earned a Bachelor of Science in Computer Science from the same university in 1991.
Interestingly, Lei Jun spent most of his time reading books on the late Steve Jobs, the founder of Apple, with the hopes of one day being like him. Jun convinced himself throughout his school days that he needed a college education to get the skills and insight needed to build a world-class firm. Lei Jun had just one aim after graduating from the University of Wuhan: to find a career that perfectly fit what he had learnt in school.
Lei began her career with Kingsoft, one of China’s top software businesses. Lei Jun was named President and CEO of Kingsoft after seven years of service. Lei Jun, the CEO and President of Kingsoft went out of his way in 2000 to launch an online bookshop. The store expanded tremendously.
So much so that by 2004, it had become the best fan base for many individuals on the internet. In 2004, Amazon displayed interest in the bookshop and paid $75 million for Joyo.com. Jun was more than simply a coworker and CEO. He was also an investor. He has backed several successful firms, including Vancl.com, YY, and UCWeb.
Furthermore, he has invested in over 70 startups for his portfolio firms. However, Lei Jun left as President and CEO of Kingsoft Inc. in 2007. Due to a health issue, he was promoted to Vice Chairman instead. As a result, he no longer assumed responsibility for the company’s day-to-day operations. Jun created his dream firm, Xiaomi Inc, two years later in 2007, the fourth-largest Smartphone Company in China.
Lei started Xiaomi Corp. in April 2010 with many partners, including former Google employee Lin Bin. While the firm marketed a variety of products, cellphones were its main emphasis.
Xiaomi was able to drastically undersell its competitors and survive in the Chinese market by focusing on online rather than brick-and-mortar sales and shunning costly advertising in favour of communicating with customers directly through social media. By 2014, the company’s worth of more than $46 billion had made it the world’s most valuable tech startup.
In April of that year, Xiaomi demonstrated the strength of its brand by selling 2.1 million smartphones online in just 12 hours, breaking the world record for the most mobile phones sold on a single online platform in a single day, and by the end of 2014, Xiaomi had surpassed Samsung to become China’s leading smartphone vendor.
Lei sought out chances to expand beyond China in order to sustain Xiaomi’s development. In July 2014, Xiaomi began selling smartphones in India, which Lei described as the company’s “second-largest market after China,” and in May 2015, Xiaomi launched an online marketplace for customers in the United States and Europe, though it initially only offered computer accessories and fitness devices rather than smartphones.
Under Lei’s leadership, Xiaomi surpassed Samsung Electronics and Apple Inc. to become the world’s third-biggest smartphone manufacturer in 2014, and Lei was generally regarded as the “Steve Jobs of China.” He supervised the company’s first public offering (IPO) in 2018, which garnered over $3 billion when it was listed on the Hong Kong Stock Exchange.
Succes of Xiaomi
It is the most popular Xiaomi smartphone introduced in the last five years. It was found to be the fourth-largest smartphone in the world, owing mostly to its mobile apps. Xiaomi’s Mi series, Redmi series, MUIU, and WI WIFI smart gadgets, in particular, set sales records.
In 2014, revenue was $12 million. Most notably, Xioami employs almost 8,000 people. Xiaomi has offices in both Malaysia and Singapore. Lei Jun, currently the CEO of Xiaomi, has stated that he is not trying to imitate Apple. He asserted that he owns the project. Xiaomi’s brilliance recently made a crucial comment on the charger’s unpacking, which began with MI11.
Lei Jun revealed that it was his idea to remove the charger from phone boxes during a live broadcast on a TV programme he watched. An event happened at the New York World Trade Center. By participating in this event, Xiaomi has set a new record.
He made it into the Guinness Book of World Records. The previous record of 643 persons was broken. Xiaomi set a new record by having 703 individuals open the package at the same moment. He opened the event without knowing what was in the box that the attendees were holding. Various than the phone, other accessories emerged from the package at the same moment.
Xiaomi has set a new milestone by building 500 Mi Stores in India in recent years. Xiaomi was included in the Guinness Book of Records for generating a lot of attention in India with a huge Mi logo.
In mid-2021, Xiaomi outperformed expectations. Xiaomi’s revenue was estimated to be around the end of 2021. It climbed by 64% between 2010 and 2020. In comparison, it was RMB 87.8 billion. As a result, its net profit increased by 87.4 per cent to RMB 6.3 billion. Net earnings reached new highs, indicating the company’s strong business strategy and operations.
Despite this, 643 persons equalled the box office record achieved by Mercado Libre. Xiaomi CEO Lei Jun has established a new milestone. Lei Jun, who amassed a fortune of $21.6 billion last year, has sparked interest this year. It is expected that his money will be revealed this year in the following months.
Lei Jun In A Xiaomi Speech
Lei Jun Net Worth
Lei Jun is a Chinese millionaire entrepreneur who established Xiaomi, one of the world’s leading smartphone and consumer electronics firms, which received $4.72 billion after listing on the Hong Kong Stock Exchange in June 2018. Lei Jun’s net worth was projected to be US$16.7 billion as of January 2022, ranking him 118th in the world.
Lei Jun is without a doubt one of the top business people in the world today. In reality, he has aided the growth of several businesses. So much so, in fact, that his efforts are difficult to ignore. He was named one of the top ten IT figures in 1999, 2000, and 2002.
In 2005, he was named one of the Top 10 Gaming Figures. He was named one of China Central Television’s Top Ten Business Leaders in 2012. According to Fortune, he is the most influential businessperson in Asia.
Multiple industry awards have acknowledged Lei Jun’s business activities.
In 1998, he was designated an honorary professor at his alma mater, Wuhan University, where he also has a scholarship named after him.
He was designated an honorary professor at Zhengzhou Institute of Technology in 2003.
In 2012, China Central Television (CCTV) named him one of the top ten business leaders of the year.
In 2013, Fortune called him one of the 11 most powerful business persons in Asia, while BAZAAR Men’s Style ranked him the most prominent entrepreneur.
Forbes honoured him, as Businessman of the Year, in 2014.
Lei was named an “Outstanding Builder of Socialism with Chinese Characteristics” in 2019.
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