After a disappointing debut on Monday, Xiaomi’s shares rose above HK$20 for the first time today. As company shares soared so did the net worth of Lei Jun, the co-founder and CEO of Xiaomi, who holds a 31.4% stake in the firm.

As of this morning, Lei’s net worth came to $18 billion, catapulting him to #62 on Forbes’ rich list, local media reports. The number has since jumped to $19.4 billion at the time of publishing. According to Bloomberg figures, Lei’s net worth has increased in excess of  $14.1 billion over the past year.

In terms of individual net worth, Lei is now ahead of a long list of billionaires and technology tycoons including Samsung Group chairman Lee Kun-hee, Baidu CEO Robin Li ($12 billion), JD.com founder Richard Liu ($10.8 billion), SF Express founder Wang Wei ($17.3 billion), and NetEase CEO Ding Lei ($15.9 billion).

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.