Billionaire Profile
Michelle Xia
Global Rank
#3100

Image: Ws227 | Public domain | via Wikimedia Commons

Michelle Xia

CEO, Biotech
UNITED STATES
Real-Time Net Worth
$1.034B
Estimated based on Biotech stock value as of March 6, 2026
+2.38% (24h)
Age
59
Source
Biotech
Industry
Healthcare
Citizenship
UNITED STATES

Biography

Michelle Xia is a highly accomplished Chinese-American biopharmaceutical executive and the founder, chairwoman, and CEO of Akeso, Inc. With a current estimated net worth of $1.1 billion, she has significantly impacted the biotech industry. Xia's career includes extensive experience in U.S. pharmaceutical firms, where she gained crucial insights before launching Akeso in 2012. Her leadership has been instrumental in Akeso's success, with the company developing multiple drugs approved in China and outperforming competitors like Merck's Keytruda in clinical trials. As of February 2, 2026, she is ranked #3020 globally.

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

Wealth Over Time

In-Depth Profile

Early Life and Education

Michelle Xia, born in Gansu province, China, is the daughter of university-educated engineers. She earned a degree in biochemistry from Sun Yat-sen University in Guangzhou in 1988. She furthered her education with a Ph.D. in molecular biology and microbiology from Newcastle University in the UK in 1994. She completed postdoctoral research training at the University of Glasgow and conducted cancer immune therapy research at the University of Louisville School of Medicine in the United States.

Rise to Success

Xia's career includes significant roles at Crown Bioscience, PDL BioPharma, and Bayer. She founded Akeso Biopharma in 2012, where she currently serves as chairwoman, president, and CEO. Akeso's remarkable growth and success are a testament to her vision and leadership. The company went public on the Hong Kong Stock Exchange in April 2020.

Key Business Strategies

Under Xia's leadership, Akeso has focused on developing innovative therapeutic antibody drugs, particularly in oncology. Akeso is a global leader in bispecific antibody innovation, with two bispecifics—Cadonilimab (PD-1/CTLA-4) and Ivonescimab (VEGF/PD. Akeso's strategy also involves combining existing methods to create more effective treatments and has led to developing the cancer drug, Ivonescimab, which outperformed Merck's Keytruda in clinical trials. Akeso has also licensed its most promising cancer drug to Miami-based firm Summit Therapeutics in 2022 for markets including the U.S., Europe and Japan.

Philanthropy

No Specific Philanthropy data was found.

Career Milestones

2012

Founded Akeso, Inc.

Founded Akeso Biopharma, aiming to make therapeutic antibody drugs accessible and affordable through R&D and manufacturing innovation.

2020

Akeso went public

The company listed on the Main Board of the Hong Kong Stock Exchange.

2024

Ivonescimab clinical trial results

Akeso's drug Ivonescimab outperformed Merck's Keytruda in a head-to-head Phase 3 trial in China.

2025

TIME100 Health

Featured in the “TIME100 Health” list.

Business Philosophy & Leadership

Notable Quotes

"We focus on science and biology and the most advanced technology. I think that makes the difference."