Lu Xiangyang Net Worth (Updated 2024)

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:


Lu Xiangyang

Net Worth:

$14.91 Billion

Date of Birth:




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Lu Xiangyang Net Worth


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.

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