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Runhao
Yao Runhao
Rank #2799
CHINA•Technology•Online games

Yao Runhao

Net Worth
$1.337B
0% (24h)
Yao Runhao, a 38-year-old self-made billionaire, is the chairman and CEO of Paper Games, a Shanghai-based company revolutionizing the media-entertainment industry. His journey began after studying finance at Waseda University in Japan. Runhao's vision led to the creation of Paper Games, a pioneering force in mobile gaming, particularly targeting the female audience. His source of wealth stems from his success with online games, most notably the AI-powered dating simulation game "Love and Deepspace," which has amassed millions of users. This innovative approach has propelled Paper Games to a valuation of over $2 billion, solidifying Runhao's position as a leader in the tech world.

How to read Yao Runhao'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 Yao Runhao, we anchor the narrative to Online games and Online games, 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 $1.337B alongside global rank #2799, 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 and Education

Yao Runhao's path to becoming a billionaire began with his education. He studied finance at Waseda University in Japan. After graduating, he returned to China with a vision to create innovative mobile games.

Rise to Success

Runhao founded Paper Games in 2013. The company quickly found its niche in developing mobile games for female audiences. Paper Games achieved early success with titles like "Love Nikki" and "Mr. Love: Queen's Choice." However, his most significant achievement came with "Love and Deepspace," an AI-powered dating simulation game launched in 2024. The game allows players to build virtual romances with AI characters, creating an immersive and personalized experience. This game has become hugely popular, with millions of monthly active users, primarily in China but also in the U.S. and other countries. This success propelled Paper Games' valuation, making Yao Runhao a billionaire.

Key Business Strategies

Paper Games' success can be attributed to several key strategies. First, Runhao focused on a niche market, creating games specifically designed to appeal to women. The company used AI and voice recognition to personalize interactions within their games. They also introduced a subscription-based system with in-game purchases to unlock additional gameplay content. Furthermore, the company's innovative use of AI technology has set it apart from competitors. The company is now working on action games such as Project: The Perceiver and Ballad of Antara.

Philanthropy

Unfortunately, there is no data on Runhao's philanthropy initiatives available.

Career Timeline

2024

Launched "Love and Deepspace"

Launched "Love and Deepspace," an AI-powered dating simulation game that became a massive hit.

2017

Launched "Mr. Love: Queen's Choice"

Released the first dating simulation game which allowed players to develop virtual romances with five male characters.

2013

Founded Paper Games

Established Paper Games, focusing on mobile games for female audiences.

Net Worth History

In-Depth Analysis

Early Life and Education

Yao Runhao's path to becoming a billionaire began with his education. He studied finance at Waseda University in Japan. After graduating, he returned to China with a vision to create innovative mobile games.

Rise to Success

Runhao founded Paper Games in 2013. The company quickly found its niche in developing mobile games for female audiences. Paper Games achieved early success with titles like "Love Nikki" and "Mr. Love: Queen's Choice." However, his most significant achievement came with "Love and Deepspace," an AI-powered dating simulation game launched in 2024. The game allows players to build virtual romances with AI characters, creating an immersive and personalized experience. This game has become hugely popular, with millions of monthly active users, primarily in China but also in the U.S. and other countries. This success propelled Paper Games' valuation, making Yao Runhao a billionaire.

Key Business Strategies

Paper Games' success can be attributed to several key strategies. First, Runhao focused on a niche market, creating games specifically designed to appeal to women. The company used AI and voice recognition to personalize interactions within their games. They also introduced a subscription-based system with in-game purchases to unlock additional gameplay content. Furthermore, the company's innovative use of AI technology has set it apart from competitors. The company is now working on action games such as Project: The Perceiver and Ballad of Antara.

Philanthropy

Unfortunately, there is no data on Runhao's philanthropy initiatives available.

Data Sources & Methodology

Figures for Yao Runhao 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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