Xiaomi is a Chinese multinational electronics company that designs, develops, and sells smartphones, mobile apps, laptops, home appliances, and other consumer electronics. Since its founding in 2010, Xiaomi has become one of the most valuable tech startups in the world, with a current valuation of around $90 billion. The company’s success can be attributed to its innovative products, aggressive pricing, and a strong online presence.
Lei Jun, the founder and CEO of Xiaomi, is one of China’s wealthiest individuals. According to Forbes, he has a net worth of $23.5 billion, making him the 19th richest person in China and the 190th wealthiest person in the world. Lei Jun was born in 1969 in Xiantao, a small town in Hubei Province, China. After studying computer science at Wuhan University, he worked for several tech companies, including Kingsoft, where he became CEO in 1998. In 2000, he founded Joyo.com, an online bookstore that he sold to Amazon for $75 million in 2004.
In 2010, Lei Jun founded Xiaomi with a group of entrepreneurs and investors. Xiaomi’s initial focus was on developing customized Android-based operating systems for smartphones, but the company quickly expanded its product line to include a wide range of consumer electronics, including smart TVs, routers, and air purifiers. Lei Jun‘s leadership has been critical to Xiaomi’s success, and he is widely regarded as one of China’s most innovative entrepreneurs.
Lin Bin, the co-founder and former president of Xiaomi, is also a wealthy businessman. According to Forbes, he has a net worth of $4.8 billion, making him the 56th richest person in China. Lin Bin was born in 1967 in Beijing, China. He graduated from the prestigious Tsinghua University with a degree in electronic engineering and then went on to earn a master’s degree from the University of Washington.
Lin Bin worked for Microsoft and Google before joining Lei Jun at Xiaomi in 2010. He played a critical role in developing Xiaomi’s smartphone business and was instrumental in the company’s expansion into other product categories. In 2019, Lin Bin stepped down as president of Xiaomi but remains a member of the company’s board of directors.
In conclusion, Xiaomi’s success is largely due to the leadership of its CEOs, Lei Jun and Lin Bin. Both are successful entrepreneurs who have built Xiaomi into one of the world’s most valuable tech startups. Their wealth is a testament to their success, and they continue to play important roles in the company’s growth and development.