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Ren Zhengfei Net Worth

Ren Zhengfei Net Worth

Ren Zhengfei Net Worth $1 Billion

He was named the Chief Executive Officer of Huawei in 1988. He founded the company in 1987 which sold telephone exchange gear from Hong Kong. With his estimated net worth of $1 billion, Ren was the 162nd wealthiest individual in China in 2011 and he was ranked 1153rd in the record of World Billionaires in 2012 according to Forbes. CEO has established his bundle with Huawei which is now a multinational networking and telecommunications equipment and services company based in Shenzhen, Guangdong. It now has an annual revenue of $34 billion with 10% of the gains intended for research and development. It’s 20 R&D centers around the world and has more than 49,000 patent applications already filed. As of January 2013, it already has more than 144,000 workers. President now possesses 1.42% of the firm’s share which is worth $450 million.

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