Robin Li Net Worth

What is Robin Li’s Net Worth?

Robin Li, a Chinese businessman, has a net worth of $10 billion. He accumulated his wealth through his role as the founder of Baidu. Launched in 2000, Baidu has become the largest search engine in China and the third largest independent search engine worldwide. The company is particularly noteworthy as the first Chinese company to be included in the NASDAQ-100 index.

Highlights

– Robin Li’s net worth is $10 billion.

– He is the founder of Baidu, the largest search engine in China.

– Baidu is the first Chinese company to be part of the NASDAQ-100.

Early Life

Robin Li, originally known as Robin Li Yanhong, was born on November 17, 1968, in Yangquan, Shanxi, China. He was raised in a family of factory workers and is the fourth and only male among five siblings. Li pursued his higher education at Peking University, where he earned a bachelor’s degree in information management. He later attended the University at Buffalo in the United States, completing his studies with a master’s degree in 1994.

Career

Prior to his success with Baidu, Robin Li worked at IDD Information Services, a division of Dow Jones & Company. During his time there, he contributed to the creation of a software program for the web edition of the Wall Street Journal and worked on improving search engine algorithms. Li’s most significant achievement during this period was the creation of RankDex, an online search engine that utilized site-scoring and page-ranking algorithms to measure website quality. He received a US patent for this technology, which predated Google’s similar “PageRank” algorithm.

Baidu

In 2000, Robin Li co-founded Baidu with Eric Xu. Baidu is a technology company specializing in Internet services, products, and artificial intelligence software. It offers a wide range of services and products, including a Chinese search engine, mapping application, online encyclopedia, cloud storage service, and discussion forum. Baidu holds the second-largest market share in China’s search engine space.

Baidu went public on Wall Street in 2005, becoming the first Chinese company to do so through a variable interest entity based in the Cayman Islands. Two years later, Baidu was included in the NASDAQ-100 index. The company has continued to innovate and expand, joining the Partnership on AI, a non-profit artificial intelligence ethics coalition, in 2018.

Personal Life

Robin Li is married to Dongmin Ma, commonly known as Melissa Ma, who also works at Baidu. The couple has four children. Li and his family reside in Beijing, China.

Net Worth Over Time

Robin Li’s net worth has primarily been derived from his stake in Baidu. As of now, his net worth stands at $10 billion. Baidu, with annual revenues exceeding $16 billion, has been instrumental in Li’s wealth accumulation.

Components of Net Worth

Robin Li’s net worth is primarily attributed to his 20% stake in Baidu, with an additional 5% controlled by his wife Melissa Ma. Together, they own more than 7 million Class A and Class B shares in Baidu. Furthermore, each of those shares equals 10 American depository receipts, which are publicly traded on NASDAQ.

In addition to his involvement with Baidu, Robin Li is the chairman of iQIYI, one of the world’s largest online video platforms. He also serves on the board of New Oriental, a leading educational service provider in China.

Overall, Robin Li’s entrepreneurial ventures, particularly his leadership in the development of Baidu, have contributed significantly to his current net worth of $10 billion.

(Note: The information provided in this article is based on public sources and estimates. Any inaccuracies or discrepancies may be addressed and corrected accordingly.)

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