He Xiangjian & family\n\n$28.6B\n$167M (0.59%)\n\nReal Time Net Worth\n\nas of 4/2/25\nReflects change since 5 pm ET of prior trading day.\n\n#63 in the world today\n\nPhoto by Wei Hui/VCG/Getty Images\n\nFrom the Editor\n\nEntrepreneur He Xiangjian built Midea Group into one of the world's largest appliance makers. In 1968, He led a group of 23 residents from the town of Beijiao in Guangdong province to form a lid production workshop that became Midea. It trades in both Shenzhen and Hong Kong. Midea Group took German robotics firm Kuka private from the Frankfurt Stock Exchange in 2022 and became its sole owner. He stepped down as chairman of Midea Group in 2012. His son He Jianfeng is a director of Midea Group and Midea Real Estate Holding.\n\nWealth History\n\nHOVER TO REVEAL NET WORTH BY YEAR\n\nForbes Lists\n\n#73\n\n<a>Billionaires (2025)</a>\n#6\n\n<a>China's 100 Richest (2024)</a>\n\nPersonal Stats\n\n<dl>\n<dt>Age</dt><dd>82</dd>\n<dt>Source of Wealth</dt><dd>Home appliances, Self Made</dd>\n<dt>Residence</dt><dd>Foshan, China</dd>\n<dt>Citizenship</dt><dd>China</dd>\n<dt>Marital Status</dt><dd>Married</dd>\n<dt>Children</dt><dd>3</dd>\n</dl>\n\nDid you know\nIn 2023, He pledged to donate $410 million to set up a fund supporting scientific research in China.\n\nRelated People & Companies\n\n<a>Fang Hongbo</a>Related by financial asset: Midea Group Co. Ltd.\n<a>View Profile</a>\n<a>Midea Real Estate Holding</a>Holds stake in Midea Real Estate Holding\n<a>View Profile</a>\n<a>China</a>Citizen of China\n<a>View Profile</a>\n<a>Huang Jian</a>Related by financial asset: Midea Group Co. Ltd.\n<a>View Profile</a>\n\nMore on Forbes\n\nIn this week’s edition of InnovationRx, we look at Trump's massive health agency layoffs, Palantir’s trade secret lawsuit, Gather Health’s new primary care model, Airna’s $155 million deal, and more.\n\nBy Amy Feldman, Forbes Staff\n

He Xiangjian & family

Entrepreneur He Xiangjian built Midea Group into a global leader in home appliances. The family's net worth was reported at $28.6 billion as of April 2, 2025. Midea Group took Kuka, a German robotics firm, private in 2022. In 2023, He Xiangjian pledged $410 million to support scientific research in China.