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#92
Lei Jun
#92

Lei Jun

China

Net Worth

$11B

Source of Wealth

Xiaomi

Global Rank

#92 of 157

Movie Script Available

The Chinese Dream Machine

Starring Huang Xiaoming

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About Lei Jun

Lei Jun is the visionary founder, chairman, and CEO of Xiaomi, one of the world's largest smartphone manufacturers and a pioneering force in making high-quality technology accessible to consumers everywhere. Often called the 'Steve Jobs of China' for his charismatic product presentations and relentless focus on user experience, Lei Jun built Xiaomi from a startup in 2010 into a global technology giant with annual revenues exceeding $40 billion. His innovative business model — offering premium-quality hardware at near-cost prices while building an ecosystem of connected devices and services — disrupted the global smartphone industry and proved that excellence and affordability could coexist.

Before founding Xiaomi, Lei Jun had already built an impressive career in Chinese technology. He served as CEO of Kingsoft, one of China's oldest software companies, and was an early and highly successful angel investor in companies like UCWeb and YY. These experiences gave him deep insight into both software development and consumer behavior, which he synthesized into Xiaomi's unique approach to building products. His ability to combine the best elements of hardware engineering, software development, e-commerce, and community building into a single cohesive strategy set Xiaomi apart from its competitors.

Xiaomi's expansion beyond smartphones into a vast ecosystem of smart home devices, wearables, electric vehicles, and lifestyle products has been one of the most ambitious product diversification strategies in modern technology. Lei Jun's vision of connecting every aspect of daily life through affordable, well-designed technology has resonated with hundreds of millions of consumers, particularly young, tech-savvy users in emerging markets. His recent bold move into electric vehicles with the Xiaomi SU7 demonstrates his continuing willingness to take on new challenges and expand the boundaries of what Xiaomi can achieve.

Key Achievements

Built Xiaomi into a Global Smartphone Giant

Grew Xiaomi from a startup to one of the world's top three smartphone manufacturers in just over a decade, shipping hundreds of millions of devices annually.

Pioneered Affordable Premium Technology

Created an innovative business model offering near-flagship quality devices at dramatically lower prices, making premium technology accessible to hundreds of millions of consumers.

IoT Ecosystem Leadership

Built the world's largest consumer IoT platform outside of smartphones, with hundreds of millions of connected devices spanning smart home, wearables, and lifestyle categories.

Electric Vehicle Entry

Launched the Xiaomi SU7 electric vehicle to strong market reception, boldly extending the company's reach into the automotive industry.

Successful IPO

Led Xiaomi to a successful Hong Kong Stock Exchange IPO in 2018, one of the largest technology IPOs in the exchange's history.

Notable Quotes

Our mission is to make innovation accessible to everyone. Great technology should not be reserved only for those who can pay premium prices.

Lei Jun

Stay hungry, stay foolish — and always put the user first. That is the Xiaomi way.

Lei Jun

We don't see our users as customers. We see them as friends. Everything we build starts with what our friends need.

Lei Jun

Key Decisions

2010

Founded Xiaomi with the revolutionary vision of building smartphone hardware at near-cost prices and monetizing through software and services.

2013

Began Xiaomi's ecosystem strategy, investing in and incubating hundreds of startups to create a vast network of connected consumer products.

2014

Launched aggressive international expansion, taking Xiaomi's affordable smartphones to India, Southeast Asia, and eventually Europe and beyond.

2018

Led Xiaomi through its IPO on the Hong Kong Stock Exchange, raising billions to fund global expansion and new technology development.

2021

Announced Xiaomi's entry into the electric vehicle market, committing $10 billion over ten years to build a world-class EV business.

Early Life

Lei Jun was born in 1969 in Xiantao, Hubei Province, China. A precocious student with a passion for technology, he was deeply inspired by a biography of Steve Jobs that he read during his freshman year at Wuhan University. That book ignited a lifelong ambition to build products that would change the world. Lei Jun completed his four-year computer science degree in just two years, graduating as one of the top students in his class. After graduation, he joined Kingsoft, a Chinese software company, where he rose rapidly through the ranks to become CEO by age 29. He led Kingsoft for over a decade, growing it into one of China's leading software companies and taking it public on the Hong Kong Stock Exchange. But it was his founding of Xiaomi in 2010, at the age of 40, that cemented his legacy as one of China's most important technology entrepreneurs.

Companies & Ventures

Xiaomi Corporation

Publicly traded (HK: 1810)

Founder, Chairman & CEO · Est. 2010

Xiaomi is a global technology company that designs and manufactures smartphones, smart hardware, IoT devices, and lifestyle products. Founded by Lei Jun in 2010, Xiaomi disrupted the smartphone industry by offering premium-quality hardware at near-cost prices, relying on software services and ecosystem products for profitability rather than hardware margins. The company has become the world's third-largest smartphone maker by market share and has built an extensive ecosystem of connected devices — from smart home products to electric scooters to fitness bands — that has been called the 'IKEA of tech.'

World's 3rd largest smartphone maker$40B+ annual revenue500M+ MIUI active users monthlyEcosystem of 400+ connected product categories

Kingsoft

Former CEO, Current Chairman · Est. 1988 (Lei Jun joined 1992)

Kingsoft is a leading Chinese software company known for its WPS Office suite (a competitor to Microsoft Office), cloud services, and gaming products. Lei Jun joined Kingsoft in 1992 and served as CEO from 1998 to 2007, guiding the company through its initial growth phase and IPO. He returned as chairman and has maintained a close connection to the company, which has grown substantially in the cloud computing era.

Deep Dives

Go deeper into what makes Lei Jun exceptional.

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