(Yicai Global) July 13 -- The share price of Xiaomi [HK:1810] has gone up about 25 percent since its listing, propelling its founder Lei Jun’s personal fortune into a rocket trajectory to rank him 56th on Forbes’ World's Billionaires List and sixth on its China’s Billionaires List with a personal fortune of USD19 billion at the close of today’s morning trading, the fifth trading day since its listing, Forbes’ real-time billionaires list shows.
Lei’s net worth swelled by USD1.8 billion, or 10.3 percent, this morning alone. When Xiaomi listed in Hong Kong July 9, Lei’s personal fortune was a meager USD12.4 billion -- 115th on Forbes’ list. As of the close of the morning trading session, however, Lei had scaled to 56th with USD19.2 billion, just one place, or USD200 million, shy of Germany’s Theo Albrecht, Jr.
Lei also overtook He Xiangjian of Midea Group (USD17.8 billion) to rank sixth, but trailed Tencent Holdings’ Pony Ma (USD42.5 billion), Jack Ma of Alibaba Group Holding (USD40.6 billion), Xu Jiayin of Evergrande Group (USD30.6 billion), Wanda Group’s Wang Jianlin (USD28.8 billion) and Yang Huiyan of Country Garden (USD23.8 billion).
Xiaomi’s market value has now reached HKD480 billion (USD61 billion) and Lei has a 29.13 percent stake in the company with a value of USD17.8 billion.
As of the end of the morning trading session on July 13, Lei also held a 26.90 percent stake in Kingsoft, with a market value of HKD7.64 billion (USD974 million), and a 10.47 percent stake in YY.Com, valued at USD493 million.
Editor: Benedict Armour