Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 499 Xia Zuoquan $5.01B

Random fact: Company started making iPads in northern Vietnam in 2022.

Overview

Xia is a director of BYD, a Chinese maker of electric cars. The Shenzhen-based company employs more than 288,000 people and reported revenue of 211 billion yuan ($32.8 billion) in 2021. Aside from cars and buses, it also makes rechargeable and nickel-cadmium batteries for use in mobile phones.

As of :
Last change -$20.9M ( -0.4%)
YTD change +$392M ( +8.5%)
Biggest asset 002594 CH Equity
Country / Region China
Age 59
Industry Industrial
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Xia Zuoquan's net worth of $5.01B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Xia's fortune is derived from a 4.6% stake in BYD, a Shenzhen-based electric cars maker. The Shenzhen-based company employs about 288,000 people and had revenue of 211 billion yuan ($32.8 billion) in 2021.

He holds the shares directly, according to the company's 2022 first-quarter report.

The value of his cash is based on an analysis of historical transactions, stock performance, dividend history and tax.

Mia Gu, a spokeswoman for the company, declined to comment on the net worth calculation.

Biography

Birthdate: 1963
Family: Unmarried, No children
Education: Guanghua School of Management, University of Science & Technology Beijing

Xia was born in 1963. He studied computer science at the Beijing Institute of Iron and Steel Engineering from 1985 to 1987 and graduated from the Guanghua School of Management of Peking University in 2007.

Xia worked in the Hubei branch of The People’s Insurance Company and joined BYD Battery in 1997. He held different positions until becoming a member of the board.

Berkshire Hathaway bought a 10% stake in BYD in 2008 and the company started public trading in Shenzhen three years later.

Milestones
  • 1987 Graduates from Beijing Institute of Iron and Steel Engineering.
  • 1997 Joins BYD after working at an insurance company in Hubei.
  • 2008 Begins selling the world's first production plug-in hybrid.
  • 2022 BYD starts producing iPads in northen Vietnam.