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Li Shufu
Rank #51

Li Shufu

$25447.6B

Hangzhou, Zhejiang, China

Automotive

Biography

Li Shufu is the chairman of Geely Automobile Holdings, one of China's largest automakers and one of the few not controlled by the state.

Through his private holding company, he has been expanding globally since 2010, when he acquired Swedish car brand Volvo.

Li has also bought stakes in Daimler, sportscar maker Lotus and flying car start-up Terrafugia.

Li told Forbes Asia in 2014 he made his first cars from the sand as a boy. "We couldn't afford any toys. I couldn't imagine making a real car."

Financial Assets

Daimler

XETRA: MBG-DE

Shares: 103,690,000

Geely Automobile Holdings Limited

HONG KONG: 175-HK

Shares: 3,528,125,000

Honbridge Holdings Ltd.

HONG KONG: 8137-HK

Shares: 3,204,540,000

Hunan Corun New Energy Co. Ltd.

SHANGHAI: 600478-CN

Shares: 183,595,000

Volvo AB Class B

OMX NORDIC STOCKHOLM: VOLV.B-SE

Shares: 0

Volvo Cars AB

OMX NORDIC STOCKHOLM: VOLCAR.B-SE

Shares: 2,442,000,000

Zhejiang Qianjiang Motorcycle

SHENZHEN: 000913-CN

Shares: 183,590,000

Zhejiang Qianjiang Motorcycle

SHENZHEN: 000913-CN

Shares: -53,987,000