Li Hejun

This is a Chinese name; the family name is Li.
Li Hejun
Native name 李河君
Born 1967
Heyuan, Guangdong, China
Residence Beijing, China
Nationality Chinese
Occupation Chairman, Hanergy
Net worth Decrease US$4.8 billion (November 2015)[1]
Children 1

Li Hejun (Simplified Chinese 李河君) (born 1967)[2] is a Chinese businessman, chairman of Hanergy.

Early life

Li grew up in Heyuan, Guangdong Province.[1]

Finances

According to Forbes, Li had a net worth of $32.7 billion, as of April 2015.[1] In February 2015, the Hurun Report stated that he is the richest man in China, and 28th richest in the world, with a net worth of $26 billion.[3][4]

Li holds a 80.79% stake in Hanergy Thin Film Power Group Limited.[5]

It was originally reported that Li, who was China's richest man, saw his net worth drop by US$14 billion on 20 May 2015, when Hanergy Thin Film Power's stock plummeted 47% on the Hong Kong stock market in the final half-hour of trading, before being suspended. At the Hanergy AGM earlier that day, Li was notably absent.[6][7]

However, it was later revealed that he had shorted more shares in his own company on 18 May, increasing his short position to 7.71% of the company's stock.[8][9] In December 2015, Li sold a 6% stake in Hanergy for US$70 million, valuing the company at just 1/40th its peak valuation of US$40 billion.[10]

Personal life

He lives in Beijing, China, and is married with one child.[1]

References

  1. 1 2 3 4 "Li Hejun". Forbes. Retrieved 29 April 2015.
  2. ↑ "China Rich List 2014". Hurun. Retrieved 3 January 2015.
  3. ↑ Chine : Jack Ma n'est plus le plus riche, Le Figaro
  4. ↑ "Hurun Global Rich List 2015". Retrieved 12 February 2015.
  5. ↑ "Chmn Li Hejun adds 13.34M shares of Hanergy TFP (00566)".
  6. ↑ Smith, Geoffrey (20 May 2015). "This Chinese Businessman Just Lost $14 Billion in Half an Hour". Time. Retrieved 20 May 2015.
  7. ↑ Scutt, David (20 May 2015). "China's former richest man Li Hejun lost $15 billion when his company's shares collapsed 47% today". Business Insider. Retrieved 20 May 2015.
  8. ↑ Lopez, Linette (22 May 2015). "Turns out the former Chinese billionaire whose solar company just imploded was shorting his own stock". Business Insider. Retrieved 22 May 2015.
  9. ↑ "Hanergy’s Li Hejun Added to Short Position Days Before Plunge". Bloomberg. 22 May 2015. Retrieved 23 May 2015.
  10. ↑ "Hanergy Thin Film Founder Sells 6% Stake". FT. 29 Dec 2015. Retrieved 5 April 2016.


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