He Xiangjian

He Xiangjian co-founded Midea, one of China's major appliance manufacturers. Bloomberg Billionaires Index projected his net worth to be $28.8 billion in September 2021. He is also one of the richest billionaires.

In 1968, he led a group of 23 locals from Beijiao, Guangdong, in the formation of Midea, a lid manufacture firm. In 2012, he retired from Midea's operations. Criminals attempted to abduct He Xiangjian in June 2020, breaking into his Foshan villa. His son, He Jianfeng, managed to flee and alerted the police, who freed him; five suspects were apprehended by local authorities.

He is married with three children and resides at Junlan International Golf Life Village, a villa community established by Midea Real Estate Group in Foshan. He is an avid art collector and the founder of the He Art Museum, a privately funded non-profit built by Pritzker Prize winner Tadao Ando.

Net worth: : $28.3 billion