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# Lei Jun

Random fact: Xiaomi means "little rice" in Chinese.

Overview

Lei is chairman of Xiaomi, a Chinese smartphone manufacturer that competes with Apple and Samsung. The Beijing-based company had revenue more than 100 billion yuan ($15.9 billion) in 2017 from the sale of its smartphones, software applications and consumer electronics. Before he founded Xiaomi, Lei was CEO of software developer Kingsoft.

As of April 23, 2018:
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Industry Technology
Biggest asset N/A
Citizenship China
Age 47
Wealth Self-made
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Relative Value

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Net Worth Summary

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Biography

Birthdate: 12/1969
Family: Married, 2 children
Education: 1991, Wuhan University, Bachelor's Degree, Computer Science

Lei Jun was born in central China's Hubei province in 1969. After graduating from Wuhan University with a bachelor's degree in computer science, Lei went north to Beijing and landed a job at Kingsoft, a software maker located in the city's Zhongguancun area, known as China's Silicon Valley.

Lei became chief executive officer of Kingsoft in 1998. He co-founded Joyo.com, an online retailer, and sold it to Amazon.com in 2004. He also invested in other ventures, including YY, a Chinese game and mobile social network website that sold shares in an initial public offering in 2012.

He founded Xiaomi, a smartphone maker, in 2010. The company shipped 18.7 million handsets in 2013 and shipments are expected to surge to 40 million in 2014, Lei said in January 2013.

In 2013, Lei hired Hugo Barra, who helped oversee Android product management at Google, to lead the company’s international business development as it prepares to take on Apple and Samsung Electronics overseas. The company turned profitable for the first time in 2013, three years after it was founded, according to a filing with the Hong Kong Stock Exchange.

Milestones
  • 1969 Lei Jun is born in Hubei province in central China.
  • 1987 Enrolls in Wuhan University and majors in computer science.
  • 1992 Joins software maker Kingsoft in Beijing.
  • 1999 Co-founds Joyo.com, an online retailer.
  • 2004 Sells Joyo.com to Amazon.com.
  • 2007 Lei resigns as the CEO of Kingsoft.
  • 2010 Co-founds Xiaomi to make smartphones in Beijing.
  • 2011 Kingsoft appoints Lei as chairman of the board.
  • 2011 Releases the first Xiaomi smartphone. It runs on the Android operating system.
  • 2012 YY sells shares in an initial public offering.