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Billionaire Profile
N
Global Rank
#1672

Image: Goltz, Bogumil | Public domain | via Wikimedia Commons

Ni Zugen

CEO, Appliances
CHINA
Real-Time Net Worth
$2.461B
Estimated based on Appliances stock value as of March 6, 2026
+2.48% (24h)
Age
69
Source
Appliances
Industry
Manufacturing
Citizenship
CHINA

Biography

Ni Zugen, the chairman of Kingclean Electronic, is a prominent figure in the home appliance industry. His career began in a Suzhou-based vacuum cleaner factory before he founded Kingclean in 1994. Through strategic innovation and a focus on high-quality products, Kingclean, which sells under the Lexy brand, has grown significantly. Ni Zugen's estimated net worth is $2.4 billion, making him a recognized billionaire. His achievements include leading Kingclean to become a leading global innovator in the appliance sector. He is married and resides in Suzhou, China.

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

Wealth Over Time

In-Depth Profile

Early Life

Ni Zugen's career began in the vacuum cleaner industry. He gained experience working for a factory in Suzhou, China.

Rise to Success

In 1994, Ni Zugen founded his own company, Kingclean Electronic. The company has focused on manufacturing appliances. Kingclean Electronic listed on the Shanghai Stock Exchange in 2015.

Key Business Strategies

Kingclean Electronic focuses on "dual innovation" in R&D, combining category and technological innovation. They have built a matrix of five self-owned brands, including LEXY and JIMMY. The company aims for high-end positioning to compete with international brands.

Philanthropy

Specific philanthropy amounts for Ni Zugen were not found in the search results.

Career Milestones

1994

Founded Kingclean Electronic

Ni Zugen established Kingclean Electronic to manufacture home appliances.

2015

Kingclean Electronic IPO

Kingclean Electronic was listed on the Shanghai Stock Exchange.

Philanthropy & Social Impact

Category

REAL initiative

$XB

REAL description

Business Philosophy & Leadership

Notable Quotes

"REAL quote"

Leadership Principles

REAL principle

REAL description

Controversies & Challenges

YEAR

REAL controversy

REAL description

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