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Billionaire Profile
He Xiangjian & family
Global Rank
#63

Image: Public domain | via Wikimedia Commons

He Xiangjian & family

CEO, Home appliances
CHINA
Real-Time Net Worth
$32.143B
Estimated based on Home appliances stock value as of March 6, 2026
+0.32% (24h)
Age
83
Source
Home appliances
Industry
Manufacturing
Citizenship
CHINA

Biography

He Xiangjian, co-founder of Midea Group, has built an impressive fortune from home appliances. As of December 2025, his estimated net worth is $29.3 billion. He started Midea in 1968 as a small workshop. His career showcases a dedication to innovation, with Midea expanding globally and embracing smart home technology. He's known for his strategic business decisions and philanthropic efforts. He stepped down as chairman in 2012 but remains a key figure. His family continues to hold significant influence within Midea, and he resides in Foshan, China.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

He Xiangjian was born on October 5, 1942, in Shunde, Guangdong, China. His early life was marked by the hardships of growing up in a rural village during a time of economic and political turmoil in China.

Rise to Success

In 1968, He Xiangjian founded a lid production company, which would later become Midea. Starting with a modest investment, he grew the company into a global leader in home appliances. He expanded the company's product line, capitalizing on China's growing middle class. In 2012, he stepped down as chairman of Midea Group.

Key Business Strategies

He Xiangjian focused on innovation and technology, investing heavily in research and development. He expanded Midea's global presence through strategic acquisitions. Midea also invested in smart home solutions, and industrial automation.

Philanthropy

He Xiangjian is known for his philanthropic activities, including founding the He Art Museum. In 2017, he donated 6.8 billion yuan (about $1.09 billion) to charity.

Career Milestones

1968

Founded Midea Group

Started as a small workshop producing bottle lids.

1981

Registered the Midea Brand

Began to establish brand recognition in the home appliance market.

1993

Midea Listed on Shenzhen Stock Exchange

Became the first township enterprise approved by China Securities Regulatory Commission.

2012

Stepped down as Chairman

Transitioned to professional management.

Philanthropy & Social Impact

Community Development and Education

He Charity Foundation

$1.1B

Focuses on community development, caregiving for the elderly, and revitalizing less-developed areas.

Business Philosophy & Leadership

Notable Quotes

""I walk a step or two behind rather than take half a wrong step.""

Leadership Principles

Innovation

Driving force behind Midea's growth and market position.

Strategic Acquisitions

Expansion and Market Diversification.

Controversies & Challenges

2020

Attempted Kidnapping

He survived an abduction attempt at his villa in Foshan. His son alerted the police and arrested the suspects.

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