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What is Lu Xiangyang’s Net Worth?
Lu Xiangyang, a prominent Chinese entrepreneur, has an estimated net worth of $14.91 billion. This substantial fortune is largely attributed to his strategic investments and leadership roles, particularly in BYD Company, a leading manufacturer of automobiles and batteries.
Here’s the breakdown of Lu Xiangyang’s net worth:
Name: | Lu Xiangyang |
Net Worth: | $14.91 Billion |
Date of Birth: | 1962 |
Profession: | Businessperson |
If you’re curious about how we estimate a celebrity’s net worth, you can check out our methodology here.
Career
In the early 1990s, Lu Xiangyang relocated to Guangdong province, where he gained experience working for various brokerage firms. This period likely honed his skills in financial markets and investment analysis.
A pivotal moment in Lu’s career came in 1995 when he founded Guangzhou Youngy Management and Investment Group. That same year, he made a crucial decision to invest 5 million renminbi in BYD Company, a newly formed enterprise co-founded by his cousin Wang Chuanfu. This investment would prove to be the cornerstone of his wealth, as BYD grew into a major player in the battery and automotive industries.
Lu’s role in BYD expanded over time, and he currently serves as the Vice Chairman of the company. Under his leadership and strategic guidance, BYD has become one of the largest privately controlled automakers in China and a leading manufacturer of cellphone batteries globally.
His business acumen extended beyond BYD, as he acquired significant stakes in critical raw material sources, including a 70% share in the world’s second-largest lithium mine in Sichuan, China, and a cobalt mine in the Democratic Republic of Congo.
Ashley Roberts is the founder of Real-Time Billionaires List. She founded this platform because she likes to know how much celebrities are actually making. She is always curious why these people can make much more money than the ordinary person.
With a Bachelor’s degree in finance, she is skilled at financial analysis and understands numbers related to wealth. Most of the articles on this site are edited by herself before publishing.
