Lei Jun is the co founder of Xiaomi Inc. and he has an estimated net worth of $13.3 billion as of October 2015, according to Forbes. He joined the Forbes Billionaires list as the 868th person in the record of World Billionaires and is ranked 55th in the China Rich List. Considered as the Steve Jobs of China, Mr. Lei became a billionaire with an estimated net worth of $1.75 billion because of the soaring valuation of Xiaomi in 2012. It is certainly one of the fastest growing smartphone firms in China where he serves as the chairman and chief executive officer. His bundle even rose with boost in the Chinese social gaming firm, YY Inc., which went public on the Nasdaq in November 2012. Mr. Lei started investing his $1 million in the firm in 2005. Lei Jun also owns minority stakes in several Chinese online enterprises such as the Hong Kong-listed software company Kingsoft, mobile browser supplier UC Web, and private e commerce businesses VANCL and Lakala. He is a graduate computer science degree from Wuhan University in China in 1991.