Billionaire Profile

Global Rank

#3122

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Mao Lixiang & family

CEO, Cooking appliances

CHINA

Real-Time Net Worth

$1.051B

Estimated based on Cooking appliances stock value as of March 6, 2026

0% (24h)

Age

Source

Cooking appliances

Industry

Technology

Citizenship

CHINA

Biography

Mao Lixiang is the founder of Fotile, a leading Chinese brand specializing in high-end kitchen appliances. With his vision, he built Fotile into a major player in the industry, with the brand being entirely family-owned. As of April 2, 2024, his age is 85 and his source of wealth is cooking appliances, reflecting a career dedicated to the appliance sector. The family's commitment has been instrumental in sustaining Fotile's success for decades.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

Portfolio Holdings

Fotile

In-Depth Profile

Early Life

Mao Lixiang founded Fotile, one of China's largest kitchen appliance brands. Information on his early life is limited but it's clear he has a long history in the cooking appliance sector, leading to a successful business.

Rise to Success

Fotile quickly rose to prominence. In 2014, it was ranked number one in sales in the high-end built-in kitchen appliance market for the tenth consecutive year. Key to the family's success was a dedication to family ownership and a focus on quality and innovation, evident in their best-selling range hoods.

Key Business Strategies

The business has focused on high-end products, with their best sellers including kitchen range hoods. A key business strategy was maintaining complete family ownership. His son, Mao Zhongchun, currently chairs the business.

Philanthropy

Information regarding philanthropic activities is limited, but the Mao Family Foundation has contributed to various causes.

Career Milestones

Unknown

Founder of Fotile

Founded Fotile, which became a leading Chinese kitchen appliance brand.

Philanthropy & Social Impact

Cultural

Cultural Exchange

$10,000 - $15,000

The Mao Family Foundation conducts international cultural exchange and cooperation to promote Chinese arts and history.

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