NetWorth
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Xiangyang
Lu Xiangyang
Rank #156
CHINA•Automotive•Automobiles, batteries

Lu Xiangyang

Net Worth
$17.523B
-1.72% (24h)
Lu Xiangyang (born 1962) is a prominent Chinese entrepreneur and the co-founder of BYD Company Limited, a global leader in electric vehicles and battery manufacturing. His source of wealth stems from his investments in Automobiles, batteries. Xiangyang's career began at the People's Bank of China before transitioning to the financial sector. In 1995, he co-founded BYD with his cousin Wang Chuanfu, providing crucial initial capital. As Vice Chairman of BYD and Chairman of Youngy Investment Holding Group, Xiangyang has been instrumental in BYD's success and expansion. His achievements include strategic investments in lithium and cobalt mines, securing vital resources for BYD's battery production. He is married and resides in Guangzhou, China. As of March 2026, his net worth is estimated at $19.7 billion.

How to read Lu Xiangyang'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 Lu Xiangyang, we anchor the narrative to Automobiles and Automobiles, batteries, 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 $17.523B alongside global rank #156, 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

Lu Xiangyang was born in 1962 in Anhui, China, into a farming family. He began his professional career at the local branch of the People's Bank of China around age 16. During his tenure, he advanced rapidly, becoming the youngest department head in the Anhui branch.

Rise to Success

In 1995, Lu Xiangyang co-founded BYD (Build Your Dreams) with his cousin Wang Chuanfu. He provided the initial capital for the company, which began as a battery manufacturer. BYD quickly gained a dominant position in the global battery market, supplying products to major companies. Recognizing the potential of clean energy technologies, Lu and Wang made a strategic move into the automotive sector in the early 2000s, specifically focusing on electric vehicles (EVs). In 2003, BYD acquired an auto assembly plant, enabling EV manufacturing.

Key Business Strategies

Lu Xiangyang played a pivotal role in BYD's strategic shift from battery production to automotive applications. He also founded Youngy Investment Holding Group, which focuses on sectors like new energy materials and finance. Lu has been instrumental in BYD's pivot to electric vehicles, contributing to its 2024 revenue. Beyond BYD, he manages Youngy Investment Holding Group and holds stakes in entities like Youngy Co and Youngy Health, deriving his fortune primarily from automobiles and batteries.

Philanthropy

Lu Xiangyang serves as Vice Chairman of the BYD Charity Foundation since 2014, supporting education, disaster relief, and technological innovation for social good.

Career Timeline

2014

Vice Chairman of BYD Charity Foundation

Leading philanthropic efforts focused on education, disaster relief, and innovation.

2008

Became Vice Chairman of BYD

Instrumental in the company's expansion into electric vehicles.

1995

Founded Youngy Investment Holding Group

Established an investment firm focusing on diverse sectors, including new energy.

1995

Co-founded BYD

Provided initial capital, enabling the company to enter the rechargeable battery market.

Philanthropic Impact

Social WelfareUnknown

BYD Charity Foundation Initiatives

Grants for education, disaster relief, and programs leveraging technological innovation for social good.

Social WelfareUnknown

Shenzhen Lianxia Charity Foundation

Contribution to broader charitable governance in the region.

Key Business Ventures & Holdings

CompanyStakeValue
BYD Company Limited13.50%—
Youngy Investment Holding Group Co., Ltd.5.11%—

Net Worth History

In-Depth Analysis

Early Life

Lu Xiangyang was born in 1962 in Anhui, China, into a farming family. He began his professional career at the local branch of the People's Bank of China around age 16. During his tenure, he advanced rapidly, becoming the youngest department head in the Anhui branch.

Rise to Success

In 1995, Lu Xiangyang co-founded BYD (Build Your Dreams) with his cousin Wang Chuanfu. He provided the initial capital for the company, which began as a battery manufacturer. BYD quickly gained a dominant position in the global battery market, supplying products to major companies. Recognizing the potential of clean energy technologies, Lu and Wang made a strategic move into the automotive sector in the early 2000s, specifically focusing on electric vehicles (EVs). In 2003, BYD acquired an auto assembly plant, enabling EV manufacturing.

Key Business Strategies

Lu Xiangyang played a pivotal role in BYD's strategic shift from battery production to automotive applications. He also founded Youngy Investment Holding Group, which focuses on sectors like new energy materials and finance. Lu has been instrumental in BYD's pivot to electric vehicles, contributing to its 2024 revenue. Beyond BYD, he manages Youngy Investment Holding Group and holds stakes in entities like Youngy Co and Youngy Health, deriving his fortune primarily from automobiles and batteries.

Philanthropy

Lu Xiangyang serves as Vice Chairman of the BYD Charity Foundation since 2014, supporting education, disaster relief, and technological innovation for social good.

Data Sources & Methodology

Figures for Lu Xiangyang 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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