Lu Xiangyang

Lu Xiangyang
吕向阳
Born1962 (age 63–64)
Wuwei, Anhui, China
CitizenshipChina
OccupationBusinessman
Known forCo-founding BYD
SpouseZhang Changhong

Lu Xiangyang (Chinese: 吕向阳; born 1962) is a Chinese entrepreneur and a co-founder of the battery and automaker BYD Company.

Early life

Lu Xiangyang was born in Wuwei, Anhui, China, in 1962.

Career

Xiangyang started his career at the local branch of the People's Bank of China.

At the start of the 1990s, he moved to Guangdong province, where he started working for brokers. Later he even founded Guangzhou Youngy Management and Investment Group.

In 1995, Xiangyang invested 5 million renminbi in newly-formed company BYD, the co-founder of which was his cousin, Wang Chuanfu. The share in the BYD afterwards brought Xiangyang the majority of his fortune.

Later, Xiangyang acquired 70% of the world's second-largest lithium mine in Sichuan, as well as a cobalt mine in the Democratic Republic of Congo.

Xiangyang made the 2022 Forbes Billionaires List, with an estimated net worth of US$15.7 billion, occupying the 114th position.

References

  1. 1 2 "[article title in Chinese]". 《科学投资》 (Science Investment). 29 November 2002. Retrieved 30 September 2026.
  2. ↑ Russell Flannery (3 November 2021). "Stock, Sales Surge Lifts Wealth Of China EV Maker's CEO". Forbes. Retrieved 30 September 2026.
  3. ↑ "[article title in Chinese]" (PDF). 证券时报 (Securities Times). 20 June 2014. Retrieved 30 September 2026.
  4. 1 2 "Lu Xiangyang". Forbes. Retrieved 2022-04-17.
  5. ↑ "Lu Xiangyang". Week in China. 2009-12-11. Archived from the original on 2023-01-30. Retrieved 2022-04-17.
  6. ↑ "Lu Xiangyang invested 2.5 million in BYD, and now he has made hundreds of billions, and is now the richest man in Guangzhou". Inf News. 2022-04-08. Retrieved 2022-04-17.
  7. ↑ "The owner of the investment company borrowed 2.5 million yuan to his cousin to start a business, and after the cousin became the richest man in China, he repaid him 20 billion!". LaiTimes. Retrieved 2022-04-17.