Lei Jun Challenging for the Title of China's Richest Man? What are the Investment Opportunities?

On February 27th, the share price of Xiaomi Group soared by more than 4% during intraday trading, and its market value exceeded HK$1.4 trillion.

While setting a new historical high, it also pushed Lei Jun, the founder of Xiaomi, to the throne of China's richest man.

According to real-time data, Lei Jun's personal wealth exceeds 440 billion yuan, surpassing Zhong Shanshan, the founder of Nongfu Spring, and becoming a new benchmark of wealth.

However, behind the halo of the richest man also looms the shadow of the "richest man curse". I wonder if this curse has taken effect. After helping Lei Jun reach the top, the share price of Xiaomi Group turned downward and closed down 5.68%.

Of course, in my opinion, the emergence of this news also has something to do with the instigation of Xiaomi.

Because today, Xiaomi just launched the SU7 Ultra priced at about US$80,000, launching a shockwave in the luxury car market.

China's New Richest Man Lei Jun and His Business Landscape

Since February, the cumulative increase of Xiaomi has exceeded 40%. The share price of Xiaomi has been rising all the way, and accidentally pushed Lei Jun to the throne of China's richest man. On February 27th, the share price of Xiaomi once rose by more than 4% during intraday trading.

According to China Fund News, the historical record of Xiaomi's share price has also boosted Lei Jun's wealth, successfully surpassing Zhong Shanshan, the founder of Nongfu Spring, and making Lei Jun the new richest man in China.

How is this calculated?

According to statistics, Lei Jun's total wealth valuation is mainly calculated based on the assets of the following three parts:

Xiaomi Group: The highest total market value of Xiaomi Group today is HK$1.47 trillion. Lei Jun holds about 24.2% of the shares, corresponding to 333.5 billion yuan.
Kingsoft System: The three listed platforms of Kingsoft Office, Kingsoft Software, and Kingsoft Cloud contribute about 44.1 billion yuan of asset wealth value to Lei Jun.
Shunwei Capital: Lei Jun also holds a 51% stake in Shunwei Capital, an investment institution, and has bet on unicorns such as ByteDance and Unitree Robotics.

And Lei Jun's investment landscape is far more than that. It also includes NIO, Renrenche, Xpeng Motors, etc. Altogether, these can probably contribute about 50 billion yuan of asset wealth value to Lei Jun.

333.5 + 44.1 + 50 ≈ 427.6 billion yuan. According to the 2024 Forbes China Mainland Rich List, Zhong Shanshan's net worth is about 370 billion yuan, and Zhang Yiming's net worth is about 330 billion yuan.

From this, it can be inferred that Lei Jun's net worth may have exceeded that of the two and he has ascended to the throne of China's richest man.

Of course, my calculation method may not be completely correct.

However, Lei Jun himself doesn't seem to want to be the richest man. He quickly refuted the rumor in the alumni group, saying, "That's fake news."

What are the investment opportunities?

Looking at Lei Jun's business landscape, besides the Xiaomi system, the Kingsoft system is suitable for our investment.

I have actually mentioned Kingsoft Cloud and Kingsoft Software to you earlier. The former, as a cloud service provider, is inherently likely to benefit from AI.

And the latter is already a giant in China's office software field. With the support of Lei Jun and the development combined with AI, the future of the enterprise is promising.

Judging from the current chart, Kingsoft Cloud in the US stock market has also entered a short-term consolidation stage. After a trend emerges, it can be considered for buying at an appropriate time.$KC