Ren Zhengfei
Telecom

Ren Zhengfei Net Worth

Ren Zhengfei, born on October 25, 1944 in Shenzhen, China, is the founder and CEO of Huawei Technologies, the largest telecommunications hardware manufacturer in China. Under his leadership, Huawei has become a major player in the global telecommunications industry, and is now a major competitor to Apple in the Chinese handset market.
Ren Zhengfei is a member of Telecom

Age, Biography and Wiki

Birth Day October 25, 1944
Birth Place Shenzhen, China, China
Age 79 YEARS OLD
Birth Sign Scorpio
Native name 任正非
Occupation Businessman
Known for Founder and president of Huawei Technologies Co., Ltd.
Children Cathy Meng (Huawei's CFO)

💰 Net worth: $1.3 Billion (2024)

Ren Zhengfei, widely recognized as the Telecom pioneer in China, is projected to have a net worth of $1.3 billion by 2024. As the founder and CEO of Huawei Technologies, a global leader in telecommunications equipment and consumer electronics, Ren Zhengfei has played a pivotal role in shaping China's digital landscape. Despite occasional controversies and challenges faced by the company, Ren's leadership and visionary approach have enabled Huawei to flourish and amass substantial success. With his net worth set to reach $1.3 billion, Ren Zhengfei's contributions to the telecom industry continue to be acknowledged and admired.

2011 $1.1 Billion
2012 $1 Billion
2015 $1 Billion
2016 $1.7 Billion
2017 $2.2 Billion
2018 $1.94 Billion

Biography/Timeline

1949

During the Japanese occupation, his Father migrated south to Guangzhou to work in a Kuomintang government arms factory as an accounts clerk. After 1949, his Father was appointed as the President of No. 1 Middle School of Duyun (Chinese: 都匀一中) where he met Ren Zhengfei's mother; the elder Ren became a member of the Communist Party in 1958. His mother was a senior Teacher at the No. 1 Middle School of Duyun.

1960

After completing secondary school, Ren Zhengfei attended the Chongqing University in the 1960s, and then joined the People's Liberation Army (PLA) research institute to work as a military technologist reportedly in the PLA's Information Technology research unit. During his time in the PLA, Ren did not hold military rank. He was excluded from joining the Communist Party of China for most of his career in the military, due to his parents' social background and their ties to the Kuomintang. During this time, Ren was responsible for a number of Technology achievements that were recognized at various levels. For this reason, Ren was selected as a delegate from PLA to attend the National Science Conference in 1978. In 1982, Ren retired from the army due to a large PLA workforce reduction which impacted 500,000 active duty personnel. In 1983, after becoming a civilian, Ren moved to Shenzhen and worked in the electronics Business.

1982

Ren retired from the People's Liberation Army as a civilian employee of a rank equivalent to a major in 1982. He joined the Communist Party of China in 1978. As a representative of private entrepreneurs, he was elected member of the 12th National Congress of the Communist Party of China. Among his other accomplishments, Ren is responsible for developing cooperative programs with businesses in China’s interior regions. Ren's ex-wife was the daughter of a Communist Politician who served at one time as deputy Governor of Sichuan Province.

1987

In 1987, Ren founded Huawei Technologies Co. Ltd with 21,000 yuan, around US$ 5,000 at the time. Initially Huawei mostly sold telephone exchange equipment from Hong Kong.

2005

Time Magazine included Ren Zhengfei in its list of 100 most influential people of 2005.

2010

Ren holds 1.42% of the shares of Huawei, valued at US$450 million in 2010. Huawei is essentially independent of Ren because it is held by most of its employees, but the ownership structure remains opaque.

2013

He now serves as a deputy chairman of the Board of Directors, but he is not among the current three rotating CEOs. The company had an annual revenue of 34 billion USD with 10% going into research & development, and over 144,000 employees as of January 2013.

Some Ren Zhengfei images

About the author

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.