Have you ever wondered who founded the company that makes your air conditioner? He Xiangjian is a well-known businessman who established Midea Group, China’s largest air conditioner exporter. His story of success is one of patience, resolve and vision.

He turned Midea Group into a global powerhouse that controls the air conditioning market in China and beyond with a vision for excellence and an energetic work ethic. In 1992, the 78-year-old established Midea and left his position as chairman in 2012. As the company’s controlling shareholder, he continues to be involved, and his family owns about a third of the business.

He Xiangjian Family

Xiangjian is the co-founder of Midea born on October 5, 1942. He was forced to give up school at 15 to work as a trainee in a nearby factory because he came from a poor family. Xiangjian put in a lot of effort to learn how to make machinery parts and learned the trade.

He Xiangjian Career

The story of the self-made billionaire began here. In 1968, with just 5,000 yuan, he led a group of 23 people from the town of Beijiao in the region of Guangdong to open a workshop for the production of bottle lids. At first, the company focused on making bottle lids and car parts, then electric fans and commercial air conditioners, which are still a core product of Midea today.

Fuelled by requests from continuously booming buyers in China, the organisation step by step travelled into a wide variety of electrical home machines, finishing in its most memorable present-day modern legacy work in 1990 with a 100 million yuan thesis.

He Xiangjian Facts

He is well-known for living a low-cost lifestyle. According to reports, he drives a basic vehicle and resides in a modest apartment in Foshan, Guangdong.

Xiangjian is a generous person who has given millions of dollars to charitable causes. He has established the He Charity Foundation to assist in disaster relief, education, and alleviating poverty.

He Xiangjian Net Worth

Net Worth Xiangjian is currently Midea Group’s largest shareholder and the company is listed on the Shenzhen Stock Exchange. As per Forbes, his net worth is estimated to be $23 billion, making him quite possibly the most extravagant individual in China and the world.

Midea Group is now a multinational corporation that operates in more than 200 nations and regions. Xiangjian’s vision and authority have been instrumental in the progress of the Midea Gathering.

Personal Information

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