Li Shufu
Automotive

Li Shufu Net Worth

1 year from now

Li Shufu, born on June 25, 1963 in Hangzhou, China, is the chairman of Geely Automobile Holdings, one of China's 10 largest automakers and one of few non-government controlled ones. He holds an engineering degree from Yan Shan University and is a member of the Chinese People's Political Consultative Conference. Li's private holding company acquired Volvo in August 2010 and his business and share price have been soaring due to successful SUV sales.
Li Shufu is a member of Automotive

Age, Biography and Wiki

Birth Day June 25, 1963
Birth Place Hangzhou, China, China
Age 60 YEARS OLD
Residence Hangzhou, China
Occupation Chairman, Zhejiang Geely Holding Group Co. Ltd..
Years active 1986–present
Board member of Geely Automobile
Spouse(s) Peng Lijuan

💰 Net worth: $19 Billion (2024)

As of 2024, Li Shufu's net worth is estimated to be an impressive $19 billion. Li Shufu is widely recognized as a prominent figure in the automotive industry within China. Known for his significant contributions and innovations in the auto sector, Shufu has played a pivotal role in the growth and success of several automobile companies. His entrepreneurial endeavors and visionary leadership have propelled him to great heights, leading to his substantial wealth. With his profound expertise and relentless dedication to the automotive realm, Li Shufu continues to shape and influence the industry in China and beyond.

2010 $1.8 Billion
2011 $1.9 Billion
2012 $1.5 Billion
2013 $2.2 Billion
2014 $1.85 Billion
2015 $2.4 Billion
2016 $1.7 Billion
2017 $6.7 Billion
2018 $16.91 Billion

Biography/Timeline

1963

Li Shufu was born in Taizhou, Zhejiang, China in 1963. Li was launched as the founder and chairman of Geely Automobile in 1986, which is the second largest private automobile manufacturer in China. Currently, Li resides in Hangzhou, the capital city of Zhejiang province.

2001

Geely Group sponsored China Jia B League team Guangzhou F.C. in 2001. However, after the 2001 China Jia B League Match Fixing, at the end of the season, Li Shufu ended his involvement sponsoring football and was quoted as saying, "We won't come back until the Chinese football environment gets better."

2010

On 28 March 2010, Geely signed a deal worth US$ 1.8 billion to buy Volvo Cars from American automobile manufacturer Ford Motor Company. It was the largest foreign purchase by a Chinese car manufacturer. Along with $900m of working capital from Geely and a commitment to build a Volvo factory in China, Mr Li has a target of driving sales to 600,000 by 2015 in the domestic market.

2013

In 2013, Hurun Report ranked Li No. 63 richest person in mainland China and had a net worth of US$ 2.6 billion.

Some Li Shufu images

Tags 1963 births People from Taizhou, Zhejiang Businesspeople from Zhejiang Geely Volvo Cars Billionaires from Zhejiang Living people Chief executives in the automobile industry Chinese billionaires Chinese football chairmen and investors

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.