People born in the Year of the Monkey often have the cleverness and shrewdness of monkeys, and can handle complicated things calmly without getting confused. They can always find business that is neither costly nor effortless. For them, as long as they can stay rational, they don’t have to worry about wealth not coming. Next, let’s take a look at the rich people who belong to the Monkey!
Who are the rich people born in the year of Monkey?
Name: Ren Zhengfei
Date of birth: October 25, 1944
Zodiac: Rat
Assets: RMB 5.61 billion
Main achievements: Founding Huawei
Born on October 25, 1944 in Zhenning County, Anshun Prefecture, Guizhou Province, he is the eldest of seven siblings. He has experienced war and poverty since he was a child. There are seven Ren brothers and sisters, plus nine parents, and their lives depend entirely on their parents' meager wages.
Student at Chongqing Institute of Architectural Engineering in 1963, and worked in a construction engineering unit after graduation. In 1974, in order to build the Liaoyang Chemical Fiber Plant imported from France, he was drafted into the army and joined the infrastructure engineering corps responsible for the construction tasks of this project. He served successively as technician, engineer, and deputy director (technical deputy regiment level) without any military rank.
In 1978, he attended the National Science Conference as a military science and technology representative. In 1983, the infrastructure engineering corps was abolished with the national reorganization system, and they were demobilized and transferred to the Nanhai Petroleum Logistics Service Base in Shenzhen. The work did not go well, so in 1987, they raised 21,000 yuan (2,500 US dollars) to found Huawei. In 1988, Ren Zhengfei invested 20,000 yuan with 20,000 yuan. Shenzhen Huawei Technology Co., Ltd. was founded with registered capital, mainly engaged in telecommunications equipment. In 1994, it participated in the Asia-Pacific International Communications Exhibition and achieved great success. In 1996, we cooperated with mainland manufacturers on a large scale and followed the path of common development.
In 2000, he was selected as the third among the 50 richest people in China by the American "Forbes" magazine. Personal fortune is estimated at $500 million. In 2003, he was selected as one of the "Top Ten Rising Figures in China's IT Industry in 2003" selected by netizens.
In 2010, Huawei, built by Ren Zhengfei, became the world's most profitable telecommunications equipment manufacturer. This achievement left traditional European giants like Ericsson behind. Huawei is no longer just a company that provides cheap equipment to telecom operators in emerging markets. Even at Ericsson's doorstep and in the LTE field, which represents the most cutting-edge applications, Huawei has become a winner. The decline of established companies such as Ericsson seems inevitable. Not surprisingly, Huawei may further become the world's largest telecommunications equipment manufacturer by sales this year. For the founder of such a company with a market value that may reach hundreds of billions of yuan, Ren Zhengfei’s wealth gradually surfaced.
Although Ren Zhengfei, who was good at creating mystery in the past, created a lot of smokescreens for the outside world, as the new generation of leadership team gradually emerges, the power pedigree of the Ren family in the company (and possibly the wealth status) has also changed. It’s gradually revealed that at least three of Ren Zhengfei’s children and relatives are in core management positions. However, Huawei also faces many challenges: as operators become increasingly cautious about new investments (because 3G investments are difficult to recoup), and the industry tends to consolidate (the integration of telecommunications, computing and the Internet, etc.), China's labor costs How can the company maintain sufficient strategic flexibility and find enough new growth drivers when its advantages continue to decline.