Li Shufu Net Worth: A Chinese Industrialist and Automotive Businessman
| Net Worth | $1.7 billion |
|---|---|
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | N/A |
| Height | N/A |
| Profession | Chinese industrialist and automotive businessman |
| Nationality | Chinese |
Highlights
Li Shufu, the founder and Chairman of Zhejiang Geely Holding Group Co., Ltd, has a net worth of $1.7 billion. He is a highly successful Chinese industrialist and automotive businessman, known for transforming Geely from a refrigerator-maker into a prominent auto producer. Geely, under his leadership, has become China’s second largest private automobile manufacturer.
Early Life
There is limited information available about Li Shufu’s early life, including his birthdate, birthplace, and height. However, his journey as an entrepreneur began when he founded Geely in 1986.
Career
Li Shufu’s career is closely intertwined with the success of Geely. Initially starting as a refrigerator-maker, Geely made its mark in the automotive industry under Li’s visionary leadership. The company sells cars under five sound brand names, including Emgrand, Englon, Geely, Gleagle, and Volvo.
In 2010, Li Shufu made international headlines with the acquisition of Volvo Cars from Ford Motor Company for a reported $1.8 billion. This purchase was regarded as the largest foreign acquisition made by a Chinese car maker at the time.
Geely’s success continued to surge, with a significant increase in profits during the first half of 2013. The company’s sales rose by 33% to $2.4 billion, boosting Li Shufu’s net worth.
Personal Life
Li Shufu maintains a relatively private personal life, with limited information available about his personal details such as his birthdate, birthplace, and height. He is, however, recognized as a highly accomplished and influential figure in the automotive industry.
Net Worth Over Time
Li Shufu’s net worth has experienced fluctuations over time, influenced by Geely’s performance in the global automotive market. As of the latest available data, his net worth stands at $1.7 billion. However, it is important to note that net worth estimates can vary based on various factors.
Components of Net Worth
Li Shufu’s net worth primarily stems from his ownership and leadership of Geely. The company’s success in the automotive industry, including the acquisition of Volvo Cars, has significantly contributed to his wealth. Additionally, Geely’s diversified portfolio, which includes motorcycles, engines, and transmissions, further adds to Li Shufu’s net worth.
In conclusion, Li Shufu’s net worth of $1.7 billion reflects his exceptional accomplishments as a Chinese industrialist and automotive businessman. Through his leadership of Geely, he has transformed the company into a prominent player in the global automotive market, solidifying his position as one of China’s wealthiest individuals.