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Billionaires

Li Eric; Forbes 84th Richest Person On Earth

Written by LynkUPP
  • Full Name: Li Eric (also known as Li Shufu)
  • Date of Birth: August 24, 1962
  • Age: 60 years old (as of April 4, 2023)
  • Source of Wealth: Automobiles (Self Made)
  • Residence: Hangzhou, China
  • Citizenship: China
  • Marital Status: Married
  • Children: 2
  • Education: Master of Science (Yanshan University)

Li Eric, also known as Li Shufu, is a prominent Chinese billionaire known for his leadership in the automotive industry and his role as the chairman of Geely Automobile Holdings, one of China’s largest automakers. Born on August 24, 1962, in China, he has played a pivotal role in the global expansion of Chinese automobile manufacturing.

Eric Li’s career in the automotive industry began with Geely, where he assumed the role of chairman. Geely Automobile Holdings is notable for being one of China’s largest automakers not controlled by the state. Under his leadership, the company has expanded both domestically and internationally.

One of the most significant milestones in Li’s career was the acquisition of the Swedish car brand Volvo in 2010. This strategic move allowed Geely to enter the global automotive market and gain a foothold in Europe. The acquisition of Volvo marked a significant step in Li’s ambition to expand the reach of Chinese automobile manufacturing beyond China’s borders.

In addition to Volvo, Li has made other notable investments in the automotive sector. He acquired stakes in Daimler, a major German automotive manufacturer, and sportscar maker Lotus, further solidifying his presence in the global automotive industry.

Li Eric’s journey in the automotive world is characterized by his innovative approach to business. He has often recounted his childhood experience of making toy cars from sand, demonstrating his early fascination with automobiles. This passion for cars ultimately translated into a successful career in the automotive industry.

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As of April 4, 2023, Li Eric is ranked as the 84th richest person in the world, with a reported net worth of $19 billion, according to Forbes. His contributions to the automotive industry and his efforts to globalize Chinese automaking have positioned him as a notable figure in the business world and a representative of China’s growing influence in the global automotive market.

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