Li Shufu

Date of Birth: June 25, 1963

Zodiac Sign: Cancer

Biography

Li Shufu is a Chinese businessman and entrepreneur, best known as the founder and chairman of Zhejiang Geely Holding Group, one of China’s largest privately owned automobile manufacturers. He was born in Taizhou, Zhejiang province, China. Li Shufu’s journey to becoming a global automotive industry leader began with humble beginnings. He started out by making refrigerators and later transitioned into motorcycle manufacturing. In 1997, he founded Geely, which initially focused on producing affordable cars for the Chinese market. Under his leadership, Geely has grown exponentially, acquiring Volvo Cars in 2010, a 9.69% stake in Daimler AG in 2018, and becoming a major player in the global automotive market. Li Shufu’s vision and strategic acquisitions have significantly impacted the automotive industry, making Geely a household name worldwide.

5 Interesting Facts about Li Shufu

1. Li Shufu is often referred to as the “Henry Ford of China” due to his significant contributions to the automotive industry.

2. He acquired Volvo Cars from Ford Motor Company in 2010 for $1.8 billion, marking a major milestone in his career.

3. Li Shufu has expanded Geely’s footprint in the global market by investing in various automotive brands, including a significant stake in Daimler AG, the parent company of Mercedes-Benz.

4. He is known for his innovative approach to car manufacturing, focusing on electric and hybrid vehicles as part of Geely’s future strategy.

5. Despite his success, Li Shufu maintains a low profile and is known for his modest lifestyle, often avoiding the limelight.

5 Most Interesting Quotes from Li Shufu

1. “Innovation is the soul of progress.”

2. “The automotive industry is not just about making cars; it’s about making better lives.”

3. “We must embrace change, not resist it.”

4. “To be successful, we must dream big and act small.”

5. “Sustainability is not an option; it is a necessity.”

Highest Net Worth Achieved

As of 2023, Li Shufu’s highest net worth was estimated to be around $22 billion.

Children

Li Shufu has at least one known son, Li Xingxing, who is actively involved in the family business and serves as a board member of Geely Holding Group.