#109

Lei Jun

Source of wealth: Smartphones, automobiles

56 years male Technology 🇨🇳 CN

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Lei Jun's fortune with the healthcare spending of a massive country

Lei Jun could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 11.0 years.

But even if we compare their fortune with that of a rich country

On the other end, Lei Jun could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 4.9 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Lei Jun could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 7.2 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Lei Jun could pay for it entirely for 9.8 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Lei Jun could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 41.2 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Lei Jun with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.9 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Lei Jun's fortune is equivalent to 168 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Lei Jun could buy 44,792,509 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 8 trucks to transport them. Although Lei Jun will almost certainly have enough money left over to pay for the gas.

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Biography

Lei Jun is cofounder, chairman and CEO of Hong Kong-listed Xiaomi, one of the world's most popular smartphone brands.

Best known for its value-for-money devices, Xiaomi has also been trying to crack the high-end market.

The company is making inroads in the electric vehicle market as well, after Lei first announced his EV ambition in 2021.

So far, Xiaomi has launched the SU7 electric sedan and the YU7 electric SUV. Both models are known for their affordable prices and stylish design.

Lei is also the chairman of Hong Kong-listed software firm Kingsoft and an investor in JOYY, a Nasdaq-listed live-streaming and social media platform formerly known as YY.com.