Billionaire Profile
Michelle Xia
Global Rank
#2763

Image: Public domain | via Wikimedia Commons

Michelle Xia

CEO, Akeso Biopharma
US
Real-Time Net Worth
$1.2B
As of December 2025
Age
59
Source
Biotech
Industry
healthcare
Citizenship
US

Biography

Michelle Xia is a prominent Chinese biopharmaceutical executive and the co-founder, chairwoman, president, and CEO of Akeso, a biotech company specializing in cancer and immunology treatments. Born in China, Xia's career spans over 26 years in the pharmaceutical industry and academic research. Her source of wealth stems from her successful biotech ventures. With a net worth of $1.2 billion, she has been recognized for her achievements, including leading Akeso's development of innovative drugs like Ivonescimab, which has shown promising results in clinical trials. Her career includes senior roles at Crown Bioscience, PDL BioPharma, and Bayer, and she holds a Ph.D. in molecular biology. Xia's focus on scientific advancement and patient care has positioned her as a leader in the global healthcare sector.

Wealth Over Time

In-Depth Profile

Early Life and Education

Michelle Xia, born in China, is the daughter of two university-educated engineers. She earned a degree in biochemistry from Sun Yat-sen University in Guangzhou in 1988. Driven by a passion for science, she pursued further education, obtaining a Ph.D. in molecular biology and microbiology from Newcastle University in the UK. She also 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 U.S.

Rise to Success

Xia's career includes significant experience in the pharmaceutical industry. She held senior leadership roles at Crown Bioscience, where she played a key role in building the company's platform and establishing a joint venture with Pfizer. She also served as a senior scientist and group leader at PDL BioPharma and a senior process development scientist at Bayer Corporation. In 2012, she co-founded Akeso Biopharma, a biotech company focused on developing and commercializing innovative antibody drugs, and has served as its CEO since inception. Akeso went public on the Hong Kong Stock Exchange in 2020.

Key Business Strategies

Akeso, under Xia's leadership, has focused on developing innovative treatments, particularly in the field of oncology. A key strategy has been the development of bispecific antibodies, with drugs like Cadonilimab (PD-1/CTLA-4) and Ivonescimab (VEGF/PD-1) already commercialized in China. Akeso's approach includes a strong emphasis on research and development, as well as collaborations with other pharmaceutical companies, such as the licensing deal with Summit Therapeutics.

Philanthropy

While specific philanthropy amounts are unavailable through search, Xia's dedication to healthcare and drug innovation suggests a commitment to improving patient outcomes. Akeso's mission to make therapeutic antibody drugs accessible and affordable to all patients indicates a broader philanthropic goal to contribute to global health.

Career Milestones

1988

Graduated from Sun Yat-sen University

Earned a Bachelor's degree in biochemistry.

1994

Obtained Ph.D.

Received a doctorate in molecular biology and microbiology from Newcastle University.

2000

Cancer Research

Conducted cancer immune therapy research at the University of Louisville School of Medicine in the U.S.

2012

Co-founded Akeso Biopharma

Founded Akeso Biopharma and has served as the chairwoman, president, and CEO since inception.

2020

Akeso IPO

Akeso Biopharma listed on the Main Board of the Hong Kong Stock Exchange.

2025

TIME100 Health list

Included 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."