Li Shufu – Billionaire

• Li Shufu chairs Geely Automobile Holdings, one of China’s 10 largest automakers and one of few non-government controlled ones.
• Geely’s business and share price have been flying high in the past year on successful SUV sales.
• His private holding company acquired Volvo in Aug 2010.
• Li holds an engineering degree from Yan Shan University and is a member of the Chinese People’s Political Consultative Conference.
• Li told Forbes Asia in 2014 he made his first cars from the sand as a boy near his family home. “We couldn’t afford any toys. I couldn’t imagine making a real car.”

Li is the founder and largest shareholder of Zhejiang Geely Holding Group, a maker of cars and related components. The Hangzhou-based company made the biggest acquisition of a foreign carmaker by a Chinese company when it bought Volvo for $1.5 billion in 2010. It had revenue of 278 billion yuan ($40.3 billion) in 2017.

Source:

1. forbes
2. bloomberg