Li Shufu
Hangzhou, China
Master of Science, Yanshan University
China
automobiles, Self Made
$13,400,000,000
90
#91 Billionaires 2019
#9 China Rich List 2018
Li Shufu is the chairman of Geely Automobile Holdings, one of China's largest automakers and one of few non-government controlled ones. Through his private holding company, he has been expanding globally since 2010, when he acquired Swedish car brand Volvo. More recently, it has bought stakes in Daimler, truck maker AB Volvo, sportscar maker Lotus and flying car start-up Terrafugia.Li told Forbes Asia in 2014 he made his first cars from the sand as a boy. "We couldn't afford any toys. I couldn't imagine making a real car."
Li holds an engineering degree from Yan Shan University and is a member of the Chinese People's Political Consultative Conference.Li is the son of a farmer from China's eastern Zhejiang province.
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