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Billionaire Profile
Lai Guogui & family
Global Rank
#2345

Image: Unsplash Contributor | Unsplash License | via Unsplash

Lai Guogui & family

CEO, Machinery
CHINA
Real-Time Net Worth
$1.771B
Estimated based on Machinery stock value as of April 20, 2026
-1.88% (24h)
Age
62
Source
machinery
Industry
Manufacturing
Citizenship
CHINA

Biography

Lai Guogui, at 62 years old, chairs Zhejiang CFMOTO Power, a leading machinery supplier, primarily known for transportation vehicles like motorcycles and all-terrain vehicles. Lai founded CFMOTO in 1989 in Hangzhou, China, and has built a significant fortune through the machinery manufacturing industry. His net worth is estimated at $1.6 Billion as of 2024, according to Forbes. His career has been marked by the successful growth and expansion of CFMOTO, establishing it as a key player in the powersports market.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Lai Guogui was born in 1964. Little is known about his early life, but he founded CFMOTO in 1989. The company is based in Hangzhou, China.

Rise to Success

Lai Guogui's rise to success is primarily attributed to his leadership of CFMOTO. He established the company in 1989, starting with motorcycle production. Over the years, he expanded the business into all-terrain vehicles (ATVs) and other transportation vehicles, establishing a strong presence in the domestic and international markets. CFMOTO has become a well-known brand, and under his leadership, it has achieved notable growth and market share. Lai's down-to-earth demeanor has helped him grow the business.

Key Business Strategies

Key business strategies include focusing on innovation and development. He has worked to establish CFMOTO as a premium global powersports brand. He has also focused on product quality. CFMOTO has increased 4-wheel sales since 2004. He has also focused on establishing a proper sales network.

Philanthropy

Unfortunately, information regarding Lai Guogui's philanthropy initiatives or amounts is not available.

Career Milestones

1989

Founded CFMOTO

Established motorcycle and ATV manufacturing business.

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