Lu Xiangyang – Billionaire

• Lu Xiangyang was working at a branch of the People’s Bank of China when in 1995 he teamed up with his cousin Wang Chuanfu to launch battery and auto maker BYD.
• Lu runs his own investment firm, Youngy Investment Holding Group.
• Wang, BYD’s chairman, and Lu, the vice chairman, are today both billionaires from their holdings in the company.

Lu Xiangyang Net Worth: Lu Xiangyang is a Chinese businessman who has a net worth of $3.2 billion. Today serving as the Vice Chairman of BYD, one of the largest privately controlled automakers in China, Lu Xiangyang acquired the majority of his wealth through his wise investments in the automobile industry. Aside from being leader in the automobile industry, BYD is also one of the biggest manufacturers of cellphone batteries in the world. A majority shareholder in BYD, Mr. Xiangyang saw an evident increase in his net worth throughout the past year as the company’s Shenzhen-traded shares more than doubled. In addition to the above, Lu Xiangyang runs an investment company called Guangzhou Youngy Management & Investment Group.

Source:

1. forbes
2. celebritynetworth