He Xiangjian

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Who is He Xiangjian?

He Xiangjian Story

He Xiangjian is a visionary entrepreneur and an electronics engineer who has made a profound impact on society. As the founder of Midea Group, one of China’s leading appliance manufacturers, He Xiangjian has transformed the landscape of home appliances, providing high-quality and affordable products to millions of households across the globe.

He Xiangjian’s journey began in a small village in China’s southern Guangdong province, where he was born in 1942. Despite his humble beginnings, he had a keen interest in electronics from an early age and pursued this passion by studying electronics engineering in college. He started his career as an electronics engineer, but his entrepreneurial spirit soon led him to establish Midea in 1968 with just a small workshop and a handful of employees.

Over the years, He Xiangjian’s determination, hard work, and business acumen helped him turn Midea into a global powerhouse, with a diverse range of products that includes air conditioners, refrigerators, washing machines, and other home appliances. Today, Midea Group employs over 200,000 people worldwide, and its products are sold in more than 200 countries and regions.

In this biography, we will explore the life and legacy of He Xiangjian, examining his personal and professional journey, as well as his many achievements and contributions.

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He Xiangjian Personal Info

Name: He Xiangjian
DOB: October 14, 1942
Birthplace: Beijiao, Guangdong Province, China.
Education: South China Institute of Technology
Wife/Partner: Zhang Yin
Hometown: Foshan, China
Famous As: The founder of Midea Group, one of the largest home appliance manufacturers in China.

He Xiangjian’s Early Life

He Xiangjian was born on October 14, 1942, in a small village called Beijiao, in the city of Foshan, Guangdong Province, China. He was born into a farming family. His parents, He Jianxing and Qiu Fengying, were hardworking and frugal, and they instilled these values in their children from an early age.

Growing up in a rural area, He Xiangjian had a challenging childhood, and his family struggled to make ends meet. However, he was a bright and curious child, and he showed an early aptitude for tinkering with electronics. His interest in electronics was sparked when he first saw a radio being repaired by a local technician. From that moment, he became fascinated with how electronic devices worked and started to learn more about them.

Despite the financial challenges, He Xiangjian’s parents were supportive of his interests and encouraged him to pursue his passion for electronics. They recognized his potential and made sacrifices to ensure that he received a good education.

He Xiangjian’s early life was marked by hardship, but he was determined to overcome the challenges and pursue his dreams. His parents’ support and perseverance helped him to develop the skills and knowledge that would eventually lead to his success as an entrepreneur and philanthropist.

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He Xiangjian’s Education

He Xiangjian’s formal education began at the age of 15 when he enrolled at the Foshan No. 1 Middle School. He excelled in math and physics and showed an early aptitude for electronics, which would later become his area of expertise.

After completing high school, He Xiangjian decided to pursue his interest in electronics by studying at the South China Institute of Technology in Guangzhou. He graduated in 1963 with a degree in electrical engineering and went on to work at a local electronics factory.

He Xiangjian’s education provided him with the knowledge and skills he needed to pursue his passion for electronics and build a successful career as an entrepreneur.

He Xiangjian’s Career

He Xiangjian career began working as an electronics engineer at a local factory in Guangdong Province, where he gained practical experience in designing and building electronic devices. However, he soon realized that he wanted to start his own business and use his skills and knowledge to create something new and innovative.

In 1968, He Xiangjian and three of his colleagues founded a small workshop called Guangdong Midea Electric Appliance Factory. The company initially produced bottle lids and plastic flowers.

In the early 1980s, China’s economy began to open up, and He Xiangjian saw an opportunity to enter the home appliance market. He transformed Guangdong Midea Electric Appliance Factory into Midea Group and began producing washing machines, air conditioners, and other home appliances.

The early years were challenging for Midea, as the company faced stiff competition from established international brands. However, He Xiangjian’s focus on innovation and quality allowed Midea to differentiate itself and build a loyal customer base in China.

Midea’s success in the Chinese market allowed He Xiangjian to expand the company globally. In the 1990s, Midea began exporting its products to other countries, including the United States and Europe.

In the early 2000s, He Xiangjian led Midea’s expansion into new markets, including Southeast Asia, the Middle East, and Africa. The company also diversified its product offerings, adding small appliances and kitchen appliances to its portfolio.

Under He Xiangjian’s leadership, Midea continued to innovate and develop new technologies. In 2016, the company launched a new line of smart home appliances that could be controlled via a mobile app.

Today, Midea Group is one of the world’s largest home appliance manufacturers, with operations in more than 200 countries and regions. The company employs more than 150,000 people and generates annual revenue of over $40 billion.

He Xiangjian’s entrepreneurial spirit and commitment to innovation have been key factors in Midea’s success. His ability to identify opportunities, overcome challenges, and stay ahead of the curve has made him a role model for aspiring entrepreneurs and business leaders.

He Xiangjian’s Net Worth

He Xiangjian has a real-time net worth of $25.7 billion as of April 18, 2023, making him one of the richest people in China and the world.

Much of He Xiangjian’s wealth comes from his ownership stake in Midea Group, the home appliance manufacturer he co-founded. He holds a 17.5% stake in the company, which is listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange.

Midea Group’s success has been a major driver of He Xiangjian’s net worth. The company’s annual revenue has grown from less than $1 billion in the early 2000s to over $40 billion today. Midea’s market capitalization is currently around $80 billion, and the company is ranked as one of the world’s largest appliance makers.

In addition to his stake in Midea, He Xiangjian also holds interests in other companies, including the real estate development firm Gemdale and the automobile manufacturer BYD.

He Xiangjian’s net worth is a reflection of his entrepreneurial success. His legacy as a self-made billionaire has inspired many others to pursue their dreams.

He Xiangjian’s Personal Life

He Xiangjian is known for his hardworking and dedicated personality, which has been key to his success as an entrepreneur. He is said to be a reserved and introverted person, but he is known for his strong work ethic and attention to detail.

In his free time, He Xiangjian enjoys reading and is said to be a lover of Chinese literature and philosophy. He is also interested in traditional Chinese cultures, such as calligraphy and tea ceremonies.

He Xiangjian is known for his modest lifestyle and frugal habits. He is said to be a man of simple tastes who prefers to live a low-key and unassuming life. Despite his success as a billionaire entrepreneur, he remains grounded and focused on making a positive impact on society through his philanthropic work.

He Xiangjian’s Parents

He Xiangjian’s parents were both from humble backgrounds and lived in the countryside of Beijiao, a town in Shunde District, Foshan City, Guangdong Province, China. They were farmers who worked hard to provide for their children.

He Xiangjian’s father, He Renming, was born in 1908 and passed away in 1987. He was a hardworking and respected member of the local community, known for his honesty and integrity. He Renming was a farmer who grew rice, sugar cane, and other crops. He was also skilled in carpentry and made furniture to supplement the family’s income.

He Xiangjian’s mother, Liu Baoquan, was born in 1919 and passed away in 2015. She was a dedicated and caring mother who worked alongside her husband in the fields and helped raise their children. Liu Baoquan was also skilled in cooking and made delicious meals for the family with the limited ingredients they had.

Despite their humble backgrounds, his parents encouraged their children to pursue education and improve their lives.

He Xiangjian has spoken fondly of his parents in interviews, describing them as his inspiration and role models. He has also donated millions of dollars to support education and poverty alleviation in his hometown in honor of his parents.

He Xiangjian’s Siblings

He Xiangjian has four siblings: three brothers and one sister. They all grew up in Beijiao, a town in Shunde District, Foshan City, Guangdong Province, China.

  1. He Jianfeng: Born in 1945, He Jianfeng is a co-founder of Midea Group and currently serves as the Vice President of the company. He is also the Chairman of Guangdong Midea Electric Appliance Co., Ltd. and Guangdong Midea Kitchen Appliances Manufacturing Co., Ltd.
  2. He Jiacheng: Born in 1948, He Jiacheng is also a co-founder of Midea Group and currently serves as a Director of the company. He is also the Chairman of Guangdong Kelon Electrical Holdings Company Limited and Guangdong Midea Electric Heating Appliances Co., Ltd.
  3. He Shengjian: Born in 1951, He Shengjian is not involved in the family business and leads a private life.
  4. He Jianxin: He Xiangjian’s younger sister, born in 1953. She is also not involved in the family business and lives a private life.

Despite their different paths in life, He Xiangjian and his siblings have remained close and supportive of each other. They have also worked together to build Midea Group into one of the largest home appliance manufacturers in the world.

He Xiangjian’s Wife (Partner)

He Xiangjian was previously married to his first wife, who passed away in the 1980s. He has three children from this marriage: two sons and one daughter.

In the early 2000s, He Xiangjian married his second wife, Zhang Yin, who is also a billionaire entrepreneur and the founder of Nine Dragons Paper. The couple is known for their philanthropic work and has donated millions of dollars to support education, poverty alleviation, and disaster relief efforts in China and around the world.

He Xiangjian has maintained a low-key and private lifestyle, and he has kept his personal life out of the public eye. There is limited information available about his family life.

He Xiangjian’s Children

He Xiangjian has three children from his first marriage and they are all successful entrepreneurs in their own right.

  1. He Jianfeng: He Jianfeng is the eldest son of He Xiangjian and was born in 1952. He is a co-founder and Vice President of Midea Group. He Jianfeng is responsible for overseeing the strategic development and operations of the company. He is also the Chairman of Guangdong Midea Electric Appliance Co., Ltd., which is a subsidiary of Midea Group.
  2. He Jiazhong: He Jiazhong was born in 1958. He is the Chairman of Midea Real Estate Holding Limited, which is a subsidiary of Midea Group. He Jiazhong has also been involved in the development of the Midea brand and has helped to expand the company’s presence in the global market.
  3. He Yanjuan: He Yanjuan is the daughter of He Xiangjian and was born in 1965. She is a Director of Midea Group and has played an active role in the company’s international business development. He Yanjuan is also a member of the Chinese People’s Political Consultative Conference and has been recognized for her contributions to the business and philanthropic communities.

All of He Xiangjian’s children have inherited their father’s entrepreneurial spirit and work ethic. They have also played important roles in the growth and success of Midea Group.

He Xiangjian Biograpy

He Xiangjian’s Challenges and Obstacles

He Xiangjian faced numerous challenges and obstacles throughout his life.

  • Childhood poverty: He Xiangjian grew up in a poor family in China during the post-World War II era. His parents were farmers. Despite these challenges, he remained determined to succeed and started his own business at the age of 26.
  • Lack of resources: When He Xiangjian started Midea Group in 1968, he had limited resources and had to rely on his own ingenuity and hard work to get the business off the ground. He started by repairing and selling radios and eventually expanded into the production of household appliances.
  • Health issues: In 2012, He Xiangjian was involved in a car accident that left him with serious injuries. He had to undergo multiple surgeries and a lengthy rehabilitation process.

Despite these challenges, He Xiangjian has remained resilient and determined. He has used his experiences to become a better leader and has inspired others to pursue their dreams and overcome obstacles.

He Xiangjian’s Accomplishments

He Xiangjian has had a long and successful career as an entrepreneur and philanthropist.

  1. He Xiangjian co-founded Midea Group in 1968, starting with the production of household appliances such as rice cookers and refrigerators. Today, Midea Group is one of the largest home appliance manufacturers in the world, with a diverse range of products and a global presence.
  2. He Xiangjian was committed to continuous innovation and expansion of Midea Group’s product lines. Under his leadership, the company developed new technologies and products, including air conditioners, washing machines, and kitchen appliances. Midea Group now has over 20 product categories and more than 200 series of products.
  3. He Xiangjian was instrumental in growing Midea Group into a global brand. The company now has operations in over 200 countries and regions, with more than 150,000 employees and over 100 billion yuan in annual revenue.
  4. He Xiangjian is a committed philanthropist and has donated millions of dollars to various causes, including education, poverty alleviation, and disaster relief efforts. He has also established the He Xiangjian Foundation, which supports initiatives in education, healthcare, and environmental protection.

He Xiangjian’s accomplishments are a testament to his hard work, vision, and leadership. He has created a legacy as an innovative entrepreneur.

He Xiangjian Recognition and Awards

He Xiangjian has received numerous awards and recognition for his contributions to business and society.

  • Outstanding Contribution Award, China Household Electrical Appliances Association (2019): He Xiangjian received the Outstanding Contribution Award from the China Household Electrical Appliances Association in recognition of his leadership and contributions to the home appliance industry.
  • China Reform Friendship Medal (2018): He Xiangjian was awarded the China Reform Friendship Medal, one of the highest honors bestowed by the Chinese government, in recognition of his contributions to China’s economic development.
  • Lifetime Achievement Award, Guangdong Provincial People’s Government (2018): He Xiangjian was awarded the Lifetime Achievement Award by the Guangdong Provincial People’s Government in recognition of his contributions to the economic and social development of Guangdong Province.
  • Forbes Lifetime Achievement Award (2015): He Xiangjian was awarded the Forbes Lifetime Achievement Award in recognition of his achievements as an entrepreneur and philanthropist.
  • Lifetime Achievement Award, Asia Business Leaders Awards (2015): He Xiangjian was awarded the Lifetime Achievement Award at the Asia Business Leaders Awards in recognition of his lifetime contributions to business and society.
  • Ernst & Young Entrepreneur of the Year China (2012): He Xiangjian received the Ernst & Young Entrepreneur of the Year China award in recognition of his leadership of Midea Group and his contributions to the development of the Chinese economy.
  • Outstanding Entrepreneurial Achievement Award, China Central Television (2012): He Xiangjian received the Outstanding Entrepreneurial Achievement Award from China Central Television in recognition of his achievements as an entrepreneur.
  • Top 10 Economic Figures in China (2006): He Xiangjian was named one of the top 10 economic figures in China by the China Economic Times.

These awards and recognition demonstrate the high regard in which He Xiangjian is held both in China and internationally.

He Xiangjian’s life story is a remarkable journey of perseverance, innovation, and leadership. He overcame countless obstacles to establish Midea Group as a world-renowned brand and helped to transform the Chinese economy. Through his vision and hard work, He Xiangjian has created a legacy that will endure for generations to come.

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