Eric Li

$20.80 B

Ranked #119 in World

About Eric Li

Chinese billionaire Eric Li Shufu, renowned as the founder of Geely, has shaped the automotive industry since establishing the company in 1986. Born on June 25, 1963, in Taizhou, Zhejiang, Li successfully acquired Volvo in 2010 and holds a significant 9.7% stake in Daimler as of 2018. With a master's degree from Yanshan University, he has been an influential figure, ranked as mainland China's 63rd wealthiest individual in 2013 by the Hurun Report. Li's commitment to innovation led to a partnership in 2018 for developing supersonic bullet trains. As a political figure, he contributes to the CPPCC and NPC, consistently advocating for synergies between state and private auto enterprises. Li also increased his industry influence by acquiring a stake in Aston Martin in September 2022.

Born

June 01, 1963

Age

62 years

Source Of Wealth

Automobiles

Industries

Automotive

Citizenship

China

Residence

Hangzhou

Education

Master of Science, Yanshan University

Eric Li Shufu, a prominent Chinese billionaire entrepreneur, was born on June 25, 1963, in Taizhou, Zhejiang. His early years and childhood were spent in this vibrant city, where he developed a strong interest in business and innovation.

Eric Li: Family

Eric Li Shufu is married to Wang Li, and together they have built a strong and supportive family. They reside in Hangzhou, Zhejiang, where Eric Li Shufu continues to lead his business ventures and contribute to the economic growth of the region.

Eric Li: Career Highlights

Eric Li Shufu's career is marked by several notable highlights. In November 1986, he founded Geely, which has since grown to become the second-largest private automobile manufacturer in China. His leadership and strategic vision were instrumental in Geely's success and expansion.

One of Eric Li Shufu's most significant achievements was the acquisition of Volvo Cars from Ford Motor Company in 2010 for $1.8 billion. This acquisition marked a turning point for Geely, as it gained access to advanced technology and global market reach. Under Eric Li Shufu's guidance, Volvo Cars experienced significant growth and increased its sales in the domestic market.

In 2018, Eric Li Shufu announced a partnership with China Aerospace Science and Industry Corp. to develop supersonic bullet trains using new technology. This collaboration showcased his commitment to innovation and his vision for the future of transportation.

Eric Li Shufu's influence extends beyond the automotive industry. In 2018, he became Daimler's largest shareholder, acquiring a 9.7% stake. This strategic move further solidified his position as a key player in the global automotive landscape.

In 2020, Eric Li Shufu engaged in talks with Volvo Cars to merge with Geely, aiming to create a global automaker. This potential merger would combine the strengths of both companies and position them for even greater success in the competitive automotive market.

Most recently, in September 2022, Eric Li Shufu acquired a 7.6% stake in Aston Martin, demonstrating his continued interest in expanding his automotive portfolio and driving innovation in the luxury car segment.

Eric Li: Companies

Eric Li Shufu's entrepreneurial endeavors have led to the establishment of several successful companies.

Geely, founded in 1986, is the flagship company and has become a major player in the Chinese automotive industry. Volvo Cars, acquired in 2010, has experienced remarkable growth under Geely's leadership.

Eric Li: Major Achievements

Eric Li Shufu's major achievements include building Geely into a leading automobile manufacturer, successfully acquiring Volvo Cars, and becoming Daimler's largest shareholder. His strategic partnerships and investments have further solidified his position as a prominent figure in the global automotive industry.

Eric Li: Awards & Achievements

Eric Li Shufu's contributions to the automotive industry have been widely recognized. He was ranked 63rd richest person in mainland China by the Hurun Report in 2013, with a net worth of $2.6 billion. His leadership and vision have earned him numerous awards and accolades throughout his career.

Eric Li: Personal Life & Legacy

Eric Li Shufu's personal life is characterized by his dedication to his family and his passion for innovation. He resides in Hangzhou, Zhejiang, where he continues to drive Geely's growth and shape the future of the automotive industry. His legacy as a visionary entrepreneur and industry leader will undoubtedly inspire future generations.

Eric Li: Trivia

Eric Li Shufu holds a master's degree from Yanshan University, demonstrating his commitment to education and lifelong learning. His political involvement includes serving as a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) and as an independent non-party affiliated delegate to the 13th National People's Congress.

Eric Li Shufu is known for his outspoken views on the automotive industry, particularly his criticism of China's automotive industry joint venture system. He advocates for state-owned automotive manufacturers to partner with privately run companies to foster innovation and advancement in the domestic industry.

Wealth History

Timeline

June 25, 1963

Eric Li Shufu is born in Taizhou, Zhejiang.

November 1986

Eric Li Shufu founds Geely, now the second-largest private automobile manufacturer in China.

2010

Geely acquires Volvo Cars from Ford Motor Company for $1.8 billion.

2013

Eric Li Shufu is ranked 63rd richest person in mainland China by Hurun Report, with a net worth of $2.6 billion.

2018

Geely announces a partnership with China Aerospace Science and Industry Corp. to develop supersonic bullet trains using new technology.

2018

Eric Li Shufu becomes Daimler's largest shareholder, with a 9.7% stake.

2020

Geely engages in talks with Volvo Cars to merge, aiming to create a global automaker.

September 2022

Geely acquires a 7.6% stake in Aston Martin.

Eric Li : FAQs

What is Eric Li's current net worth?

Eric Li's current net worth is $20.80 billion.

What is Eric Li's current global rank among billionaires?

Eric Li holds the 119th position globally among billionaires.

What is Eric Li's current ranking within the China?

Eric Li holds the 14th position in China.

What was the change in Eric Li's net worth compared to the previous year?

Eric Li's net worth decreased by 241.11 million dollars compared to the previous year 2025, when his net worth was 21.05 billion dollars.

What is the recent change in Eric Li's net worth?

Eric Li's net worth increased by 959.33 million dollars recently, a 4.61% increase, with his net worth standing at 20.80 billion dollars.

What are Eric Li's main sources of wealth?

Eric Li's main source of income comes from Automobiles.

In which industry does Eric Li primarily operate?

Eric Li is primarily involved in the Automotive industry.

What is Eric Li educational background?

Eric Li holds a Master of Science from Yanshan University.

How old is Eric Li?

Eric Li is 62 years old.

How many children does Eric Li have?

Eric Li has 2 children.

Who is Eric Li Shufu and what is he known for in the business world?

Eric Li Shufu is a Chinese billionaire entrepreneur, known as the founder and chairman of Geely, the second-largest private automobile manufacturer in China.

What significant achievements has Eric Li Shufu accomplished with Volvo since Geely's acquisition?

Since Geely, under Eric Li Shufu's leadership, acquired Volvo Cars in 2010, they aimed to bolster Volvo's sales to 600,000 units in the domestic market by 2015 and later merged with Geely to create a global automaker.

What are some notable investments Eric Li Shufu has made in the automotive and technology sectors?

Eric Li Shufu became Daimler's largest shareholder in 2018 with a 9.7% stake and invested in developing supersonic bullet trains with China Aerospace Science and Industry Corp in 2018, in addition to acquiring a 7.6% stake in Aston Martin in 2022.

How has Eric Li Shufu contributed to China's political landscape?

Eric Li Shufu has contributed to China's political landscape as a member of the 14th National Committee of the Chinese People's Political Consultative Conference and served as a non-party affiliated delegate to the 13th National People's Congress.

What are the economic views held by Eric Li Shufu regarding China's automotive industry?

Eric Li Shufu has criticized China's joint venture system in the automotive industry for favoring foreign firms and suggested that state-owned manufacturers should collaborate with privately owned companies to foster innovation and advancement.