Discover the Net Worth and Fascinating Bio of He Xiangjian

He Xiangjian is a Chinese entrepreneur and philanthropist. He is the co-founder of Midea Group, one of the world's largest producers of household appliances, with an estimated net worth of $19.5 billion. He is the richest man in Guangdong Province, where Midea is based.

Born in 1942 in Beijiao, Guangdong, He grew up in poverty and had to drop out of school at the age of 15 to support his family. He worked as a lathe operator in a factory and later joined the army, where he learned how to repair radios. With his savings and a loan from his friends, he started a small workshop in 1968, repairing radios and producing plastic bottle caps.

He's breakthrough came in 1980, when he and four partners founded Midea Group, which began producing home appliances such as air conditioners and refrigerators. The company quickly grew and expanded its product line to include other household items such as washing machines, rice cookers, and microwave ovens. In 2016, Midea bought German robotics company Kuka for $5 billion, marking its entry into the automation industry.

"Hard work, patience, and a never-give-up attitude are the keys to success." - He Xiangjian

He Xiangjian's success has not only brought him wealth, but also the opportunity to give back to society. He has established the Xiangjian Foundation, which focuses on education, poverty alleviation, and disaster relief. In 2018, he donated $1 billion to charity.

Despite his success, He has remained humble and down-to-earth. He still visits his old workshop and takes the bus like an ordinary citizen. He has said that money is not the most important thing in life and that helping others is the ultimate goal.

He Xiangjian: Net Worth, Age, Born, Gender, Height, Country of Origin, Source of Wealth

He Xiangjian is a Chinese entrepreneur who co-founded Midea, a leading consumer electronics and home appliances company. As of 2021, his net worth is estimated to be over $24 billion.

Field	Information
Age	79 years
Born	October 14, 1942
Gender	Male
Height	Unknown
Country of Origin	China
Source of Wealth	Co-founder of Midea

He Xiangjian's success story began when he started repairing radios and other electrical appliances at the age of 26. He then partnered with four other individuals to establish Midea in 1968, which has since then grown to become a multinational corporation with over 150,000 employees.

Aside from his work at Midea, He Xiangjian is also known for supporting social causes in China, particularly in the areas of education and poverty alleviation. He has donated millions of dollars to various charities and initiatives over the years.

Key Facts

Early Life:

He Xiangjian was born in 1942 in China's Guangdong Province. He grew up in poverty and was forced to abandon his formal education in order to work and support his family.

Career:

He Xiangjian co-founded the Midea Group in 1968, which is now one of the world's largest home appliance manufacturers. He served as the company's chairman until 2012 and is currently an honorary chairman. He also has investments in electrical vehicle and battery companies.

Philanthropy:

He Xiangjian is actively involved in philanthropy, particularly in the fields of education and poverty alleviation. He has donated millions to establish schools and scholarships in China, and also supports disaster relief efforts.

Net Worth:

He Xiangjian's net worth is estimated to be around $29 billion, making him one of the richest people in China and the world.

Early Life

He Xiangjian was born in 1942 in the city of Beihai, Guangxi province, China. He grew up in a poverty-stricken family and had to leave school at the age of 15 to support his family financially. He started working as an apprentice in a small machinery factory where he learned the basics of machinery manufacturing.

After working for several years, he decided to improve his skills and enrolled in a technical college in Guangzhou. In 1966, he graduated from the college and was sent to work in a state-owned refrigerator factory in the city of Ningbo.

He Xiangjian was an ambitious and hardworking person. He quickly rose through the ranks and was promoted to the position of factory director in 1978. During his tenure as the factory director, he focused on innovation and technology development, which made the factory a leader in the domestic market.

In 1984, he co-founded Gree Electric Appliances Inc. with several partners, including Dong Mingzhu, who later became the company's president. Gree Electric Appliances is now one of the largest manufacturers of air conditioners in the world, with sales exceeding US$30 billion in 2020.

Career

Founding Midea Group

He Xiangjian started his career as a repairman of home appliances in the 1960s. He saw an opportunity in the market and decided to create his own business. In 1968, He Xiangjian and four colleagues founded the Midea Group. At the beginning, the company produced only small fans and plastic bottles.

He Xiangjian was not satisfied with just producing simple products. His ambition led him to expand Midea's product line and sales channels. He invested heavily in innovative technologies and R&D to create a range of household appliances, including air conditioners, refrigerators, and washing machines.

Today, the Midea Group is one of the largest appliance manufacturers in the world with operations in over 200 countries and regions. The company's revenue in 2020 exceeded $40 billion, and it has over 150,000 employees.

Philanthropy

He Xiangjian has also been active in philanthropy throughout his career. In 2010, he founded the He Xiangjian Foundation to promote education, environmental protection, and poverty alleviation.

The foundation has donated more than $300 million to various projects, such as building schools, providing scholarships to college students, and supporting disaster relief efforts. He Xiangjian has said that he believes in giving back to society and that the success of Midea Group should benefit the community.

In addition to his philanthropic efforts through the foundation, He Xiangjian has personally donated to various causes, including the fight against COVID-19 in 2020.

How He Xiangjian Spends His Wealth

As the co-founder of Midea Group, a leading home appliance manufacturer in China, He Xiangjian has accumulated a significant fortune over the years. According to Forbes, he has a net worth of $24 billion as of 2021.

One way that He Xiangjian spends his money is by investing in various industries. He has invested heavily in real estate, with properties in Shanghai, Hong Kong, and Singapore. He has also invested in technology startups and has a stake in Chinese tech giants, such as Tencent and Alibaba.

He Xiangjian is also known for his philanthropy. He has donated funds to various organizations, including Tsinghua University and the Chinese Red Cross Foundation. His donations have supported efforts in education, disaster relief, and medical research.

In addition, He Xiangjian has a passion for art and has an extensive collection of Chinese ceramics and antiques. He has even built a private museum in Foshan, China, showcasing his collection.

Although He Xiangjian has a reputation for living a relatively low-key lifestyle, he has made some notable purchases over the years. In 2009, he bought a rare pink diamond for $10.8 million, and in 2013, he purchased a Picasso painting for $28.2 million.

Summary of He Xiangjian's Spending Habits

Industry	Philanthropy	Art
Investing in real estate and technology startups	Donating to organizations supporting education, disaster relief, and medical research	Collecting Chinese ceramics and antiques and building a private museum, as well as purchasing rare art pieces

Highlights

From Factory Worker to Billionaire Entrepreneur

He Xiangjian's story is a true rags-to-riches tale. Born into a poor family in China, he dropped out of school at just 15 years old to work in a factory producing specialty lighting products. He taught himself engineering and, in 1984, co-founded Midea Group, a manufacturer of household appliances. Today, He's net worth is estimated at over $40 billion, making him one of the richest people in China and the world.

Midea Group's Astonishing Growth

Midea Group has become one of the world's largest manufacturers of household appliances, employing over 135,000 people in 200 countries. The company produces everything from air conditioning units to refrigerators and is a key supplier for companies such as Walmart and Samsung. Midea's revenue has grown over 20% per year during the past 5 years and the company recently announced plans to expand further into robotics and automation.

Philanthropy and Legacy

Despite his immense wealth, He Xiangjian is known for his humble and reserved demeanor. He has donated millions of dollars to charitable causes, including funding education programs and disaster relief initiatives. He has also expressed his desire to leave a positive legacy by promoting sustainability and innovation in business. In 2018, he retired from his role as Chairman of Midea Group, passing leadership to his son. However, He continues to be active in the business world and has stated that he plans to use his wealth to help create a better future for all.

Favorite Quotes from He Xiangjian

"For a businessman, creating wealth is important, but the ability to give back to society is even more important."

He Xiangjian, founder of Midea Group, one of the largest home appliance manufacturers in China, believes that success should come with a responsibility to give back to society. He has donated millions of dollars to various charitable organizations, including disaster relief efforts and education programs.

"Innovation is the key to success in business."

He Xiangjian is known for his innovative spirit. He constantly seeks out new ideas and methods to improve his products and services. Throughout his career, his commitment to innovation has helped Midea Group become a global leader in the home appliance industry.

"Never give up on your dreams."

Despite facing numerous challenges and obstacles throughout his life, He Xiangjian never lost sight of his goals. He worked tirelessly to turn his vision for Midea Group into a reality, and today, it is one of the most successful companies in the world.

• "Success is not about achieving wealth or status. It's about making a positive impact on the world."
• "The most important thing in business is to build a team of talented and dedicated individuals."
• "The world is constantly changing. We must be adaptable to succeed."

Name:	He Xiangjian
Occupation:	Founder of Midea Group
Net Worth:	$33 billion (as of 2021)

Lessons Learned from He Xiangjian

1. Perseverance is key

He Xiangjian, the Chinese billionaire and founder of Midea Group, which is one of the largest producers of home appliances in China, is a true embodiment of perseverance. Despite facing numerous setbacks and obstacles in his journey to success, He Xiangjian did not give up. He persisted and worked hard, and eventually, his hard work paid off.

Lesson learned: Successful people do not give up easily. They face challenges head on and stay focused on achieving their goals.

2. Continuous learning

He Xiangjian's success story is a testament to the fact that continuous learning is vital for success. He Xiangjian started his entrepreneurial journey without any formal education. However, he did not let that hold him back. He constantly learned and improvised, and over the years, he became a seasoned entrepreneur.

Lesson learned: To be successful, one needs to be open to learning and constantly upgrading their skills.

3. Determination

He Xiangjian's journey to success was not an easy one. It was filled with challenges and hurdles. However, he remained focused and determined to achieve his goals. He never lost sight of his vision and worked relentlessly towards achieving it.

Lesson learned: To be successful, one needs to have a clear vision of their goals and should be determined to achieve them, no matter what.

4. Taking calculated risks

He Xiangjian did not become a billionaire overnight. He took calculated risks, which paid off in the long run. He was not afraid of taking risks and was willing to go out of his comfort zone to achieve success.

Lesson learned: Successful people take calculated risks, which can lead to greater rewards in the future.

5. Never stop innovating

Midea Group, under He Xiangjian's leadership, has always been at the forefront of innovation. He Xiangjian never stopped innovating and consistently came up with new ideas to improve his products and services.

Lesson learned: To be successful, one needs to constantly innovate and come up with new ideas to stay ahead of the competition.

Interesting Facts About He Xiangjian

1. FROM FACTORY WORKER TO BILLIONAIRE

He Xiangjian, who co-founded Midea Group in 1968, was once a factory worker in China’s Guangdong province. Today he is a multibillionaire, with an estimated net worth of over $24 billion.

2. A SELF-MADE BILLIONAIRE

He is a self-made billionaire who built Midea from humble beginnings into one of the world’s leading manufacturers of home appliances and HVAC (heating, ventilation, and air conditioning) systems.

3. HUMBLE BEGINNINGS

He grew up in poverty and was forced to drop out of school during the Cultural Revolution. But despite these setbacks, he persevered and eventually found success as an entrepreneur.

4. A PHILANTHROPIST AT HEART

He Xiangjian is not just a successful businessman – he’s also a generous philanthropist. He has donated millions to charities and education initiatives in China, including a $1.5 billion endowment to his alma mater, South China University of Technology.

5. AN ECO-FRIENDLY VISION

In recent years, He Xiangjian has focused on developing eco-friendly appliances and reducing Midea’s carbon footprint. He is committed to making the company a leader in sustainability and environmental responsibility.

6. A FAMILY AFFAIR

Midea Group is a family affair for He Xiangjian. His son, He Jianfeng, is currently the CEO of the company, while his daughter, He Qinming, sits on the board of directors.

Summary

He Xiangjian is a Chinese entrepreneur who co-founded Midea Group, one of the largest home appliance manufacturers in the world. He is widely known for his contributions to the development of China's home appliance industry and his philanthropic efforts.

He Xiangjian's net worth is estimated to be US$33 billion, according to Forbes, making him one of the richest people in China and the world. He started his entrepreneurial journey in the 1980s, when he co-founded Midea Group with three other partners. Under his leadership, the company grew rapidly and expanded its reach globally.

In addition to his business achievements, He Xiangjian is also known for his charitable work. He has donated millions of dollars to various causes, including education, poverty alleviation, and disaster relief. In recognition of his contributions, he has received numerous awards and honors.

• He Xiangjian was born in 1942 in Beijiao, China.
• He started his career as a repairman at a local workshop.
• In 1981, he co-founded Midea Group with three other partners.
• He served as the chairman of Midea Group until 2012.
• He Xiangjian has donated over US$1 billion to various charities and causes.

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