Billionaire Profile

Global Rank

#140

Image: Public domain | via Wikimedia Commons

Lu Xiangyang

CEO, BYD Company Limited

Real-Time Net Worth

$17.4B

As of December 2025

Age

Source

Automobiles, batteries

Industry

automotive

Citizenship

Biography

Lu Xiangyang, a prominent Chinese entrepreneur, is a key figure in the automotive industry, renowned for co-founding BYD Company, a leading manufacturer of electric vehicles and batteries. Born in 1962 in Anhui, China, Lu started his career in the financial sector before transitioning to the world of brokerage. His strategic investment of 5 million renminbi in BYD in 1995, founded by his cousin Wang Chuanfu, proved pivotal, leading to significant wealth accumulation. Lu Xiangyang's wealth source is primarily from automobiles and batteries. He has secured a substantial stake in the global EV market. His journey reflects his visionary leadership and strategic acumen. Lu currently holds a vice chairman position at BYD, playing a critical role in the company's long-term strategy.

Wealth Over Time

Portfolio Holdings

BYD Company Limited

Shenzhen, Guangdong, China

704,000 employees

Founded 1995

In-Depth Profile

Early Life

Lu Xiangyang was born in 1962 in Anhui, China. His early life remains largely undisclosed, but he received a solid education. In 1978, he began working at the Anhui Branch of the People's Bank of China at the age of 16, where he worked for 15 years. He demonstrated early interest in sciences. As China opened to the world, he saw the potential for technological advancements.

Rise to Success

In the early 1990s, Lu moved to Guangdong province and worked in brokerage firms, developing financial expertise. In 1995, he founded Guangzhou Youngy Management and Investment Group. The same year, he invested 5 million renminbi in the newly formed BYD, founded by his cousin Wang Chuanfu. This investment was a pivotal decision, marking the beginning of his substantial wealth.

Key Business Strategies

Lu Xiangyang has been instrumental in BYD's success by focusing on EV production, which has made BYD one of the world's largest EV makers. His strategy included investing in critical raw materials, like acquiring a 70% stake in a lithium mine and a cobalt mine in the Democratic Republic of Congo.

Philanthropy

Information on Lu Xiangyang's philanthropy is not widely available in public sources. However, as a successful businessman, it can be assumed he contributes to philanthropic causes.

Career Milestones

1995

Co-founded BYD Company

Invested in BYD, a battery manufacturing company.

1995

Founded Guangzhou Youngy Management and Investment Group

Established his own investment company.

2022

Forbes Billionaire List

Made the Forbes Billionaire List with an estimated wealth of $15.7 billion.

Philanthropy & Social Impact

Education and Sustainability

Unknown

Lu Xiangyang is believed to be involved in philanthropic activities, but specific details are not available.