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Make Rich Factory: Millet Launches Many Birth Billionaires

via:新浪科技     time:2018/5/8 17:09:27     readed:70

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Xiaomi submitted a listing application in Hong Kong last week. Analysts on average expect it to be worth between $50 billion and $100 billion. The prospectus shows that as the chairman and CEO of Xiaomi, Lei Jun holds 31.4% of the shares, while the other 7 founders hold 27% of the shares.

Lei Jun and millet president Lin Bin are already billionaires, and the 50 billion dollar valuation will also create 3 new billionaires. If the valuation reaches 100 billion U.S. dollars, Lei Jun and Lin Bin’s five entrepreneurial partners will join this rank. This fully demonstrates China’s ability to create wealth, the second largest economy in the world. According to the Forbes billionaire index, of the top 500 people in the world's richest list, 40 are from China, second only to the United States, with a total wealth of 464 billion US dollars.

Xiaomi refused to comment on the founders’ net assets.

However, how much wealth these founders can actually obtain is only an estimate of the outside world. The specific amount also depends on the listing price. However, the market's appetite for technology companies has begun to cause concern. Ping An Hao doctor broke his hair on the first day of listing in Hong Kong last week.

Mo Jia, an analyst at market research firm Canalys, said whether Xiaomi’s ability to obtain a higher valuation depends on whether the investor thinks the company is an Internet company and not just a cheap handset manufacturer. Even if Xiaomi reaches the upper limit of valuation, "it is also difficult to judge how long it will last."

According to different valuations and the issuance structure, Lei Jun holds a stock value of between 11.8 billion and 26.7 billion U.S. dollars. His net worth can reach 28.3 billion U.S. dollars - including investment in Kingsoft and YY, making it the second largest of Alibaba's Ma Yun,TencentMa Huateng and Evergrande’s Xu Jiayin’s top Chinese richest man. (woodcutter)

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