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Gaiteng
Li Gaiteng
Rank #1658
CHINA•Manufacturing•Hair dryers

Li Gaiteng

Net Worth
$2.466B
+1.5% (24h)
Li Gaiteng, a 53-year-old Chinese entrepreneur, is the founder and chairman of Shanghai Flyco Electrical Appliance. His wealth source is in the manufacturing of personal care appliances, particularly hair dryers and shavers. Starting his career after working as a motorcycle repairman, Li built Flyco into a leading brand, which was listed on the Shanghai Stock Exchange. With a current net worth of $2.3 billion as of March 23, 2026, Li has achieved significant success in the competitive appliance market. His career is a testament to his entrepreneurial spirit and strategic business acumen.

How to read Li Gaiteng's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Li Gaiteng, we anchor the narrative to Hair dryers and Hair dryers, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $2.466B alongside global rank #1658, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CHINA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Li Gaiteng's early life involved hands-on experience. Before his entrepreneurial journey, he gained experience in store management, electronic welding, and motorcycle repair from 1993 to 1995. This diverse background provided him with a practical understanding of various industries and a foundation for his future endeavors.

Rise to Success

Li Gaiteng founded the Flyco brand in 1999. He established Flyco Electrical in the eastern Chinese city of Wenzhou in 1999. He later was involved in shaver parts and related business in 1995-98. Flyco's success was further solidified when it became China's first publicly listed personal care appliance enterprise on the Shanghai Stock Exchange on April 18, 2016. This move marked a significant milestone for the company and its founder, propelling Li Gaiteng into the ranks of China's billionaires. Flyco's main products include electric shavers and high-speed hair dryers.

Key Business Strategies

Li Gaiteng's strategic decisions were crucial in driving Flyco's growth. One of the key strategies was to focus on the R&D and innovation of smart and stylish personal care appliances, including electric shavers and hair dryers. Another key aspect of Flyco's success is its strong brand management and brand recognition. In 2018, the "FLYCO" brand was included in the “BrandZTM 2018 Top 100 Most Valuable Chinese Brands”.

Philanthropy

I was unable to find specific details regarding Li Gaiteng's philanthropic activities and amounts. Further research is required to obtain this information.

Career Timeline

2016

Shanghai Flyco Electrical Appliance Listed

Shanghai Flyco Electrical Appliance went public on the Shanghai Stock Exchange, becoming China's first publicly listed personal care appliance enterprise.

2006

Founded Shanghai Flyco Electrical Appliance Co., Ltd

Established the company in Shanghai.

1999

Founded Flyco Brand

Li Gaiteng founded the Flyco brand which would become a major player in the personal care appliance market.

Net Worth History

In-Depth Analysis

Early Life

Li Gaiteng's early life involved hands-on experience. Before his entrepreneurial journey, he gained experience in store management, electronic welding, and motorcycle repair from 1993 to 1995. This diverse background provided him with a practical understanding of various industries and a foundation for his future endeavors.

Rise to Success

Li Gaiteng founded the Flyco brand in 1999. He established Flyco Electrical in the eastern Chinese city of Wenzhou in 1999. He later was involved in shaver parts and related business in 1995-98. Flyco's success was further solidified when it became China's first publicly listed personal care appliance enterprise on the Shanghai Stock Exchange on April 18, 2016. This move marked a significant milestone for the company and its founder, propelling Li Gaiteng into the ranks of China's billionaires. Flyco's main products include electric shavers and high-speed hair dryers.

Key Business Strategies

Li Gaiteng's strategic decisions were crucial in driving Flyco's growth. One of the key strategies was to focus on the R&D and innovation of smart and stylish personal care appliances, including electric shavers and hair dryers. Another key aspect of Flyco's success is its strong brand management and brand recognition. In 2018, the "FLYCO" brand was included in the “BrandZTM 2018 Top 100 Most Valuable Chinese Brands”.

Philanthropy

I was unable to find specific details regarding Li Gaiteng's philanthropic activities and amounts. Further research is required to obtain this information.

Data Sources & Methodology

Figures for Li Gaiteng are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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