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Billionaire Profile
Lu Xiangyang
Global Rank
#151

Image: Zhouyunjie98 | CC BY-SA 4.0 | via Wikimedia Commons

Lu Xiangyang

CEO, Automobiles
CHINA
Real-Time Net Worth
$17.583B
Estimated based on Automobiles stock value as of March 6, 2026
-1.86% (24h)
Age
63
Source
Automobiles, batteries
Industry
Automotive
Citizenship
CHINA

Biography

Lu Xiangyang is a prominent Chinese entrepreneur and billionaire, recognized for his significant contributions to the automotive and battery industries. Born in Anhui, China, in 1962, Xiangyang co-founded BYD Company Limited in 1995, a company that has become a global leader in electric vehicles and battery manufacturing. His investment in BYD, along with strategic acquisitions of lithium and cobalt mines, significantly contributed to his wealth. As of February 1, 2026, his estimated net worth is $16.6 billion. Xiangyang's career began in finance, but he transitioned to the tech and manufacturing sectors, demonstrating foresight in recognizing the potential of sustainable energy technologies. He is known for a low public profile, with a focus on innovation and strategic growth, as well as a key player in the global shift towards renewable energy.

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

Wealth Over Time

In-Depth Profile

Early Life

Lu Xiangyang was born in 1962 in Anhui, China. His early life was marked by a focus on education. He developed an interest in the sciences, and his academic achievements set him apart from his peers.

Rise to Success

Lu Xiangyang began his career at a local branch of the People's Bank of China. In the early 1990s, he moved to Guangdong province and worked for brokers. In 1995, he founded Guangzhou Youngy Management and Investment Group. That same year, Xiangyang invested 5 million renminbi in BYD, which was founded by his cousin Wang Chuanfu.

Key Business Strategies

Lu Xiangyang's business acumen, combined with a forward-thinking approach to sustainable energy, has made him one of China's top billionaires. His leadership propelled BYD to become a leader in electric vehicles and battery manufacturing. Xiangyang also strategically acquired key lithium and cobalt mines, enhancing his financial standing.

Philanthropy

Lu Xiangyang has supported philanthropic initiatives, particularly in his home province. His philanthropic efforts have focused on education, environmental sustainability, and the promotion of scientific research.

Career Milestones

1995

Co-founded BYD

Co-founded BYD Company Limited with Wang Chuanfu, which became a leading electric vehicle and battery manufacturer.

1995

Founded Guangzhou Youngy Management and Investment Group

Established Guangzhou Youngy Management and Investment Group.

2022

Forbes Billionaires List

Made the Forbes Billionaires List, ranking 114th with an estimated wealth of $15.7 billion.

Philanthropy & Social Impact

Education, Environment, Science

Philanthropic Initiatives

Not publicly available

Supports educational, environmental, and scientific research initiatives.

Business Philosophy & Leadership

Notable Quotes

"Not publicly available"

Leadership Principles

Innovation-driven development

Focuses on long-term investment in clean energy and future technologies to lead the global transition to renewable energy.

Controversies & Challenges

2021

Employee Death at BYD

A 36-year-old employee died, allegedly due to high-intensity overtime work, though the cause of death was unclear.

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