He Xiangjian

In 1968, He Xiangjian led a group of 23 residents of the town of Beijiao, Guangdong Province, China, to set up a workshop to manufacture lids, the predecessor of the Mide Group. It has now become one of the largest electronics manufacturers in the world. Over the next 15 years, the giant home appliance empire Midea expanded. Midea Group currently has more than 200 subsidiaries, including the German-based robot maker Kuka. His son holds the position of director of Midea Group and Midea Real Holding.

Lighting, water appliances, floor care, small kitchen appliances, laundry, cooking appliances, and refrigeration appliances are among the company's products. He Xiangjian was ranked 44th on the Bloomberg Billionaire Index in April 2021, with a net worth of $37.7 billion.

Media is also the world's largest manufacturer of robots and appliances, which is why it has been included in the Fortune Global 500 list since 2016. He Xiangjian left the company in 2012, yet he remains one of China's and Asia's wealthiest people, with a fortune of $37.70 billion.

Net worth: US$37.7 billion

Country: China