How Did He Xiangjian Make His Money?

He Xiangjian’s Profile Summary

Company	Midea Group
Position	Retired Chairman
Source of wealth	Manufacturing (Midea Group)
Also known as	Founder
Age	82
Education	Not publicly disclosed
Citizenship	China
Residence	Beijiao, Guangdong, China
Family	Married, with two children
Website, Social Media	https://www.midea-group.com

He Xiangjian’s biography

He Xiangjian, born in 1942, is the co-founder of Midea Group, one of the world’s largest manufacturers of household appliances. He started the company in 1968 with a modest investment and a small workshop in Beijiao, Guangdong province. Under his leadership, Midea grew from producing bottle caps to becoming a global leader in air conditioners, washing machines, and kitchen appliances. He Xiangjian is recognized for his visionary leadership, transforming Midea from a local business into a multinational conglomerate with operations in over 200 countries.

Despite stepping down as chairman in 2012, He remains a significant influence within the company. His family, particularly his son He Jianfeng, continues to hold prominent positions in Midea’s management. He Xiangjian is known for his low-profile lifestyle and has largely avoided the public eye. However, his contributions to China’s economic growth and global business influence are widely acknowledged.

Today, Midea Group is valued at billions of dollars and is listed on the Shenzhen Stock Exchange. He Xiangjian’s entrepreneurial journey reflects China’s rapid industrial development, and his success is a testament to hard work and strategic vision in business.

How did He Xiangjian make money?

He Xiangjian began his business journey in 1968 by establishing a small workshop with 23 residents from his village in Guangdong. The workshop initially produced bottle caps and small parts but later transitioned into manufacturing home appliances. Midea's first major product was electric fans, which gained popularity across China during the 1980s economic reforms.

By the 1990s, He expanded Midea's product line to include air conditioners, washing machines, and refrigerators, capitalizing on China’s growing middle class and urbanization. Midea's growth accelerated through strategic acquisitions and partnerships, including acquiring German robotics firm KUKA in 2016 for $5 billion. This move marked Midea’s entry into advanced robotics and automation, aligning with global technological trends.

Under He’s leadership, Midea diversified its operations, from home appliances to industrial robotics and building technologies. The company's focus on innovation, efficient manufacturing, and aggressive international expansion helped it become one of the top appliance brands worldwide.

Today, Midea generates billions of dollars in annual revenue and continues to grow through investments in smart home technologies and digital solutions. He Xiangjian’s foresight in business strategies has cemented his legacy as one of the most influential entrepreneurs in China.
What is He Xiangjian net worth?

As of 2025, He Xiangjian’s net worth is estimated to be $29.0 B.

What is He Xiangjian also known as?

He Xiangjian is also known as a pioneer in China’s home appliance industry. He played a crucial role in transforming Midea into a global brand and remains one of China’s wealthiest and most influential businessmen, despite maintaining a low public profile.

Prominent achievements of He Xiangjian

He Xiangjian founded Midea Group, transforming it into one of the world’s leading home appliance manufacturers. He played a pivotal role in Midea's international expansion and its acquisition of German robotics firm KUKA. He stepped down as chairman in 2012 but remains a significant shareholder and influential figure in the company's success.

What are He Xiangjian’s key insights?

He Xiangjian believes in innovation, continuous improvement, and maintaining a customer-centric approach. He emphasizes efficiency and global competitiveness while balancing tradition and modern business practices.

He Xiangjian’s personal life

He Xiangjian is married and has two children. His son, He Jianfeng, plays an active role in the Midea Group and is involved in the company’s strategic decision-making. The family maintains a low profile, with limited public appearances or interviews.