Billionaire Profile
Li Gaiteng
Global Rank
#1623

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Li Gaiteng

CEO, Hair dryers
CHINA
Real-Time Net Worth
$2.535B
Estimated based on Hair dryers stock value as of March 6, 2026
+0.87% (24h)
Age
53
Source
Hair dryers
Industry
Manufacturing
Citizenship
CHINA

Biography

Li Gaiteng, the founder and chairman of Shanghai Flyco Electrical Appliance, is a self-made billionaire who has built a successful career in the manufacturing industry. With an estimated net worth of $2.6 billion as of 2024, Li's wealth stems from his company, which produces personal care appliances like hair dryers. His journey from a motorcycle repairman to a prominent figure in the appliance industry serves as an inspiration, showcasing the power of perseverance and hard work. Li's dedication to quality and innovation has propelled Flyco to become a leading brand in the personal care appliance market.

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

Wealth Over Time

In-Depth Profile

Early Life

Li Gaiteng's early life remains relatively private, but his journey began with humble beginnings. Before his success, he worked as a motorcycle repairman, gaining technical skills and a keen understanding of machinery and customer needs. This experience laid the foundation for his future entrepreneurial endeavors.

Rise to Success

Recognizing the potential in the emerging market for personal care appliances in China, Li founded Shanghai Flyco Electrical Appliance in 2006. This company quickly became a trailblazer, known for its commitment to innovation and delivering value. The emphasis on research and development was a pivotal moment in his career.

Key Business Strategies

Under Li's guidance, Flyco invested heavily in innovation, ensuring its products stayed ahead in technology and design. His meticulous approach to business, from understanding market dynamics to building a strong team, has contributed to Flyco's popularity and reputation for trust. His wife, Lin Yu'e, is an executive director at Flyco, which is majority owned by Li.

Philanthropy

While specific details about Li Gaiteng's philanthropic efforts are not readily available, it is known that he supports local communities through job creation and economic growth.

Career Milestones

1993-1995

Early Career

Worked in store management, electronic welding, and motorcycle repair.

1999

Founded Flyco Brand

Founded the Flyco brand and set up Flyco Electrical in Wenzhou.

2006

Founded Shanghai Flyco Electrical Appliance

Established a company that would become a trailblazer in the appliance industry.