In this post, we are going to discuss China’s youngest self-made billionaire Colin Huang’s net worth.
Colin Huang Net Worth $1.5 Billion Date of Birth 1985-11-17 Profession Businessman Education Harvard University Nationality Chinese Spouse Zhang Lan Annual Income US$ 2 Million Ethnicity Asian Children 1 Facebook Likes 471,989 Twitter Followers 572,051
Colin Huang is the founder and CEO of Xiaomi. He was born on Nov 17, 1985, in Fujian province, China. He graduated from Peking University with a bachelor’s degree in management science and engineering.
He obtained his MBA at Harvard Business School after receiving the Jack Welch Management Fellow scholarship.
He is one of the youngest billionaires in China. In May 2014, he was recognized as the Best CEO in Technology Hardware and Equipment category by Hong Kong-based Venture Capital Association.
In 2017, Forbes listed Colin as #77th richest man in China with a net worth of US$1.5 billion. His net worth has been accumulated from his various business ventures.
Huang is married to Zhang Lan, the founder of supermarket chain Hui Lau Shan and they have one child. He is a big fan of basketball and the Manchester United Football Club. He also has an interest in creative writing.
Huang announced he would step down as CEO of Xiaomi on August 10, 2017, turning over his responsibility to co-founder Lei Jun. He has since stayed on as chairman.
Xiaomi was founded by eight partners who previously worked for Google in China; Huang is one of them. The company focuses on making high-quality, low-cost smartphones and other electronic devices that are popular in the Chinese market.
Many of their products are designed to imitate those of Apple, including the iPhone and iPad.
Content Outline
Who is Colin Huang?
The real-life story of Colin Huang is truly one for the ages. An immigrant to the United States who couldn’t speak English when he was 10, this gangly 6’7″ Taiwanese American now finds himself in charge of his family’s $1.3 billion shipping empire at just 31 years old.
Whether it’s shipping containers or something more metaphorical, Huang has a knack for succeeding at whatever he puts his mind to. In high school, he led the basketball team to win a state championship and was named California’s Mr. Basketball of the Year.
After attending UCLA on a full academic scholarship, he entered a Ph.D. program in economics at Princeton University but dropped out after just one year to start his own company.
Huang’s entrepreneurial streak has paid off big time. In less than a decade, his various businesses have generated over $1 billion in revenue.
He is now the founder and CEO of two multimillion-dollar companies: Cargo box, which provides container shipping services, and 17 Media, a social media marketing firm.
With his sights set on even greater things, Huang is determined to make his mark on the shipping industry. “The world is flat,” he says, quoting Thomas Friedman’s best-selling book. “There’s no reason we can’t be the No. 1 shipping company in the world.”
Colin Huang Net Worth 2024
The 28-year old founder of Chinese e-commerce company Xiaomi has a net worth of $4 billion. The 2011 Forbes lister is 8th on the list of wealthiest entrepreneurs under 40 in Asia and 1st among those from China. “I never thought about making money. I just wanted to do something I loved.”
Huang is quoted as saying this in an interview with Chinese business magazine Caixin. That attitude has helped him build a company that is now worth more than $10 billion. Xiaomi, which means “little rice” in Mandarin, started 3 years ago as a software developer for Google Android.
The company has since become one of the world’s leading smartphone manufacturers, selling over 60 million devices in 2014.
Huang’s net worth is derived from his ownership of 48% of Xiaomi. He also holds stakes in other companies such as online content provider Yidian Zixun and Leju Holdings, a Chinese real estate firm.
Despite his wealth, Huang remains grounded and focuses on creating value for his customers. “The key thing is to keep your users happy. If you can do that, the money will come.”
We can all learn a lot from Colin Huang and his amazing story of success. He is living proof that with the right attitude, you can achieve anything. And success is not only about creating a big name for yourself but also doing something you love and providing value to others.
Doing what we love and helping others will surely bring us happiness and lead us towards a successful life. “Money is a by-product of a life well-lived.”
Career and Education
Career
Colin Huang is a blockchain pioneer and founder of the Tron Foundation. He is also the founder of BitTorrent, the world’s largest decentralized file-sharing protocol. He has over 10 years of experience in the internet industry.
In 2006, Colin Huang co-founded P2P file-sharing company BitTorrent. The company has over 170 million users worldwide and is the world’s largest decentralized file-sharing protocol.
In 2017, Colin Huang founded the Tron Foundation and launched the TRON project. TRON is a blockchain-based decentralized protocol that aims to build a global free content entertainment system.
In less than two years, TRON has become one of the world’s largest blockchain projects with a total market value of over $2 billion.
The TRON project has also attracted support from world-class venture capital institutions, industry experts, and institutional investors.
Colin Huang has received financing from the founder of Alibaba Group Jack Ma. He is also an early business partner of Pony Ma, the founder of Tencent Group.
As a pioneer in blockchain technology, Colin Huang has conducted several projects on digital currency and blockchain. He is also the initiator of the Global Digital Currency Financing Alliance.
Colin Huang has participated in the development of more than ten blockchain projects, including GridCash, Credits, and Antshares.
In 2014, Colin Huang founded Fuze network which provides cloud-based shared audio, video conferencing, and other enterprise communication services. The company has over 50 million users worldwide.
In January 2019, Fuze announced that it will give away its 100 million TRX tokens to Fuze users as a Christmas gift. Colin Huang is an early investor in many listed companies such as Qunar and YY.
He has also invested in more than ten unicorn companies, including Ele.me and Toutiao.
In recent years, blockchain has gradually become a hot word in China’s internet industry. Many graduates prefer to enter the blockchain industry in the hope of becoming a new unicorn company founder at a young age.
Education
One of the biggest success stories to come out of China, Colin Huang is one of China’s foremost educators and an amazing entrepreneur.
He founded New Oriental Education & Technology Group Inc., which went public in 2007 on the New York Stock Exchange (NYSE: EDU). It now has over 20,000 employees across 9 countries with campuses spanning 100 cities.
Born in 1980, in the city of Xi’an, Colin Huang was an average student, but he had a strong interest in learning. After he graduated from college, he started teaching English to students who wanted to study abroad.
He soon found that there was a great demand for quality education in China and decided to start his school.
New Oriental is Huang’s answer to the need for quality education in China. The company provides test preparation courses, educational software, and other services to students who wish to pursue higher education both in China and abroad.
What started as a small school has now become one of the largest education companies in the world.
Huang’s passion for education has led him to also get involved in other areas related to education such as educational publishing, education reform, and technology. He is currently pursuing his Ph.D. at Nankai University.
As a great believer in lifelong learning, he maintains that “No matter what you do or how old you are, the most important thing is to continue to study hard and consistently, follow your dreams, and achieve success.”
Huang’s success story is one of the most inspirational stories coming out of China. He has had challenges along the way but his vision for New Oriental Education & Technology Group Inc. truly made him a successful entrepreneur.
Important Quotes by Colin Huang
“A business should be built on two things: a great idea and great execution.”
“You have to be an optimist to start a company.”
“Starting a company is all about making things happen.”
“In the early days, you have to be a doer, not a talker.”
“You have to be passionate about your idea and relentless in your execution.”
“You can’t be afraid of failure.”
“In the early days, you have to be a doer, not a talker.”
“You can’t be afraid of failure.”
“A business should be built on two things: a great idea and great execution.”
“Starting a company is all about making things happen.”
Colin Huang In The Media
Colin Huang YouTube Videos
Quick Links:
FAQ: Colin Huang Net Worth 2024
👉 What is the source of Colin Huang's wealth?
Colin Huang's wealth comes from his various business ventures.
✅ What is Colin Huang's career? Which companies has he worked for?
Colin Huang's career includes roles at several companies, including; Xunlei (CEO), LeTV (CEO), UCWeb (founder, Chairman), and Alibaba (CTO).
👉 What are some of Colin Huang's most notable achievements?
Some of Colin Huang's most notable achievements include being the co-founder of Alibaba and the founder of UCWeb. He has also been recognized as one of China's most successful entrepreneurs.
Conclusion: Colin Huang Net Worth 2024
Colin Huang, Net worth Millions of Dollars. The net worth of Colin Huang has seen a rapid increase, especially after he joined the Chinese e-commerce firm JD.com as its Chief Operating Officer in January 2018.
His career at JD.com started quite early when he joined it as it’s Vice President back in December 2007, before later being promoted to President in October 2013.
Huang’s total net worth is estimated to be $1.7 billion as of January 2019, and this is only going to continue rising in the years to come.
