Net Worth: $22.54 Billion Launched: November 1984 Founder: Liu Chuanzhi Present CEO: Yang Yuanqing Headquarter: Beijing, China Production per Year: 40 million phones Sales per Year: 35 million units Revenue per Year: $14 billion USD First Model: Lenovo S8 Popular Models: Lenovo Z6 Pro 5G, Lenovo Z5 Pro GT, Lenovo Z5 Pro, Lenovo K10 Plus, K10 Note, A6 Note After addressing human resources issues, Yang moved on to distribution. He spent his childhood in Hefei in Anhui province. Top Net Worth for Technology, Net Worth 2018 of Technology, Technology Net Worth ... Yang Yuanqing Net Worth Technology. One of his major achievements was leading Lenovo to become the best-selling personal computer brand in China since 1997. Microsoft tripled its sales of preloaded versions of Windows within a year as a result. Mr. Yang assumed the duties of chief executive officer of the Company on February 5, 2009. Seeking to increase Lenovo's size, he has led the company to buy Google's Motorola handset unit for $2.9 billion and IBM's low-end server business for $2.1 billion. Yang Yuanqing:Lenovo has invested and accumulated in the 5G field for many years, and it has applied for more than 1,000 standard essential patents. Yang received the same award in 2004. Yang believed that he would benefit from exposure to American Business practices but Liu persuaded him to delay his plans for two years. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Yang stated, “If you don’t have enough scale, if you don’t have enough volume, it’s hard to make money. Yuanqing Yang Net Worth Yuanqing Yang biography. Yang has created a "performance culture" instead of the traditional Chinese work style of "waiting to see what the Emperor wants." In 2001, Business Week named him one of Asia's rising stars in business. In 1999 and 2001, the magazine BusinessWeek named him one of the "Stars of Asia." The first recipients were Jonathan Berg, an associate professor of genetics and medicine; Maureen Su, an associate professor of pediatrics, microbiology and immunology; and Yisong Wan, an associate professor of microbiology and immunology. FREE Background Report. Yang Yuanqing was born on November 12, 1964 in China. His net worth more than halved, to $860 million. Yuanqing Yang Net Worth A laptop is an absolute necessity in this age, and what is the best laptop brand in 2020 is the most asked question. To gain confidence among distributors, Lenovo provided a wide range of products, offered reasonable prices, and closely supervised the marketing of its products to look out for the interests of distributors. In addition, he makes $6,996,990 as President, Chief Executive Officer, and Director at HP Inc. Yang Yuanqing (simplified Chinese: 杨元庆; traditional Chinese: 楊元慶; pinyin: Yáng Yuánqìng, born 12 November 1964) is a Chinese businessman who is the current chairman and CEO of Lenovo. One of his major achievements was leading Lenovo to become the best-selling personal computer brand in China since 1997. Yang Yuanqing was born on November 12, 1964 in China. Yang was born on 12 November 1964 to parents both educated as surgeons. Following a 36% run-up in the stock price in 2012, the company's market cap is $10.4 billion . Lin Bin Net Worth Technology. Yang stayed on after repeated requests from Liu Chuanzhi. Naruatsu Baba Net Worth Technology. He insisted on a more formal dress code and training all employees in telephone etiquette; Yang wanted his people to think and act like high-tech workers in developed markets. That’s why we enter the markets one by one. Download The Economic Times News App to get Daily Market Updates & Live Business News. Yang's Father, Yang Furong, was a disciplined man with strict standards. Lenovo defies market doldrums with 64pc rise in quarterly net profit. Yang has said that when Lenovo enters a new market they intend to be number one. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Yang said that legal loopholes and widespread corruption create major challenges to securing personal data. This action resulted in Lenovo cutting its sales staff from over 100 to just 18 in 1994. That's a milestone that the company is keen to trumpet, and investors seem to agree: shares in [...]. Yang worried that fears about Lenovo's supposed connections to the Chinese government would be an ongoing issue in the United States. Yang Yuanqing Born : 12th-Nov-1964 Zodiac Sign : Scorpio Birth Place : Hefei Anhui Education : Shanghai Jiao Tong University, University of science and technology China Occupation : CEO Industry : Manufacturing Networth : $1.2 Billion Chinese technology company Lenovo Group, led by Yang Yuanqing, has bought the low-end server unit of American technology and consulting corporation the International Business Machines Corporation, led by Virginia Rometty, for US$2.3 billion, according to DealBook.. Lenovo will pay US$2.07 billion in cash and the rest with the shares of the company. Qi Xiangdong Net Worth Technology. While Lenovo had been using direct sales and a network of distributors, Yang gave up on direct sales in favor of exclusively using independent agents to avoid the costs of administering a complex sales network. The two companies had failed to reach a … The CEO Roundtable on Cancer is known for its CEO Cancer Gold Standard, a workplace wellness program that focuses [...], I commented last week that Lenovo (HKEx: 992) Chairman Yang Yuanqing didn’t seem extremely enthusiastic about his landmark deal to buy IBM’s (NYSE: IBM) low-end server business, and now perhaps we know why. D'Amato later stated that he was impressed with Yang's candor. Within a year of joining Lenovo in 1988, Yang had lost interest in sales and had taken the TOEFL in preparation to study overseas. Due to China's large territory, large population, varying degrees of economic development, and widely different local regulations, Lenovo was having difficulty operating nationwide. Each employee will receive a bonus of roughly $300. On 1 May 2014, Yang received the 2014 Edison Achievement Award in San Francisco at the annual Edison Awards Gala. The Chinese multinational technology company reported a 53% increase in its net profit for the third quarter that ended in September to $310 Million. Are you also wondering how much money is David Bach making on Youtube, Twitter, Facebook and Instagram? Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. Yang's donation funds grants of $75,000 per scholar. Acer may be critical of Windows 8, but Lenovo chairman and CEO Yang Yuanqing says the company is experiencing "hyper growth" in their smartphone and tablet business. Another reason for Yang to smile (Image credit: AFP/Getty Images via @daylife) Lenovo stock closed up 2.1% Wednesday in Hong Kong and have been trading at a five-year peak. Generally speaking, the bigger the hexagon is, the more valuable Yang Yuanqing networth should be on the internet! Seeking to increase Lenovo's size, he has led the company to buy Google's Motorola handset unit for $2.9 billion and IBM's low-end server business for $2.1 billion. Lenovo Swallows Motorola, Indigestion Coming? Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. In 2015, Yang was listed on Forbes billionaire list. Yang said that while the internet has brought many advances it also brings new challenges such as protecting privacy and securing personal information. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. In 2011, Finance Asia named Yang the "Best CEO in China. The change was requested by Bill Gates and Steve Ballmer to combat what they referred to as a rise in the number of pirated versions of Windows. He grew up poor, as his parents were paid the same salaries as manual laborers. Yang said of his father, "If he set a target, no matter what happened, he wanted to reach it." He grew up poor, as his parents were paid the same salaries as manual laborers. Yang Yuanqing is the chairman and chief executive officer of Lenovo. China's Yang Yuanqing and American William Amelio pursue a different PC strategy for Lenovo, challenging mindsets and market dips along the way. But for the CEO of Lenovo, Yang Yuanqing, that wasn’t a difficult task. Yang was named "2007 Chinese Business Leader" by Fortune China. America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Lenovo's Yang Yuanqing Joins CEO Roundtable On Cancer. While his parents wanted him to pursue a career in Medicine, and he had a budding interest in literature, Yang decided to study computer science on the advice of a family friend who was a university professor. Jimmy John Liautaud Net Worth Restaurateurs. Yang worked to ease worries by communicating directly with Congress. The Edison awards honor innovation in science and technology and recognize individuals for their “broad contributions to technical innovation.” Yang was the first person from Asia ever to receive the award. Its net profit rose 13% in the third quarter on revenues of $8.6 billion. In February 2009, Yang gave up his position as chairman and again became CEO at Lenovo. Lenovo is my life's struggle and career, I have invested all of my energy into it. Yang Yuanqing (Chairman and CEO): Website: www.lenovo.com : Lenovo is a Chinese computer company that makes computers, laptops, tablets, and other devices.. Lenovo was founded in Beijing in 1984 as Legend and was incorporated in Hong Kong in 1988. Yang's father, Yang Furong, was a disciplined man with strict standards. Shares rose 2.6% to HK$7.76 [...], Lenovo CEO Yang Yuanqing is in pole position in global PC shipments (Image credit: AFP/Getty Images via @daylife) China's Lenovo passed Hewlett-Packard in the second quarter of 2013 as the world's number-one PC supplier. Yang shared the award with Elon Musk of Tesla Motors and SpaceX. For the quarter ending June 30, Lenovo’s profits rose by 18% from [...], Lenovo CEO Yang Yuanqing has every reason to smile (Image credit: AFP/Getty Images via @daylife) Lenovo, the world's largest PC maker, has topped market expectations with a 23% jump in net profit to $174 million in the quarter ending Jun 30 on revenues of $8.8 billion. [160] Mr. Lores owns over 144,473 units of HP Inc stock worth over $14,844,590 and over the last 5 years he sold HPQ stock worth over $18,158,636. While Lenovo's official language is English, Yang initially did not understand the language well; he relocated his family to Morrisville to improve his language skills and soak up American culture. Yang even required managers to stand outside their offices each morning to greet their employees while carrying signs with their first names. These qualities caught the attention of Liu Chuanzhi, who later promoted Yang to head Lenovo's personal computer Business at just 29 years old. In 2008, Forbes Asia named Yang "Businessman of the Year." He spent his childhood in Hefei in Anhui province. He was willing to go out on a limb.". Or, David Bach's net worth in US Dollar Jan, 2021? Though former China Communist Party leader Mao Zedong famously said, "Women hold up half of the sky," gender imbalances persist in board memberships. In June 2006, Yang arranged to be seated next to C. Richard D'Amato, a member of the congressional committee that had earlier raised concerns about the security of Lenovo's products. Mr. Weisler owns over 285,388 units of Thermo Fisher Scientific stock worth over $236,984,377 and over the last 7 years he sold TMO stock worth over $21,166,682. He decided to give that raise to his employees instead of himself, and divided it among 10,000 [...]. In 2004, he was listed among "Asia's 25 Most Influential Business Leaders" by Fortune Asia. At the time, most Chinese enterprises distributed bonuses of equal size to all employees, there was little sense of responsibility, and workers passively waited for superiors to issue instructions. He used the move to break Lenovo's cultural links to the past. Regardless of your views on executive pay, the way Lenovo CEO Yang Yuanqing has chosen to dispense with $3 million of his bonus is quite admirable. He was quickly promoted. Yuanqing Yang serves as Independent Director of the Company. Today, Lenovo, based in China, is the world’s largest personal computer vendor.Born to a couple of surgeons, Yang lived a life of poverty as his parents were heavily underpaid in the cultural revolution-era of the 60’s. Problems at Legend due to lower import duties on personal computers did not allow for this though. Lenovo's CEO Dixon Jose gave up his job to Yang. University of Science and Technology of China alumni, Shanghai Jiao Tong University Check Reputation Score for Yuanqing Yang in Raleigh, NC - View Criminal & Court Records | Photos | Address, Emails & Phone Number | Personal Review | $80 - $89,999 Income & Net Worth [160] New Faces On The 2013 Forbes China 400: Solid Business, Generous Image Help Lenovo's Yang Yuanqing, Lenovo Posts 23% Quarterly Profit Rise On China Handset Sales, Lenovo Shares Jump As PC Shipments Overtake HP, Lenovo Sees Explosive Tablet Growth, CEO Enthusiastic About Windows 8, Lenovo CEO Worth $740M As PC Maker's Stock Hits Five-Year High, Boss Gives $3 Million of His Bonus to His Employees. Yang also set up a system to monitor the sales, inventory, cash flow, compliance, and pricing of distributors. All Rights Reserved. The company has dual headquarters in Beijing and Morrisville, the former home of IBM's personal computer Business. Forthcoming trade deal preserves China’s favorable market access to EU, complicating relationship with US. Mr. I firmly believe that Lenovo, a product of China, will stand atop the world's stage. I hope the current quarter could be even better,” Lenovo’s Chairman Yang Yuanqing said in an interview with Reuters. In addition, he makes $321,770 as Independent Director at Thermo Fisher Scientific. Lenovo's CEO Yuanqing Yang believes sunnier days are ahead. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. Disclamer: Yang Yuanqing net worth are calculated by comparing Yang Yuanqing's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. It seems that as Yang was discussing that deal, the largest ever for Lenovo at the time, [...], Yang Yuanqing Lenovo Chairman Yang Yuanqing (Photo credit: Wikipedia) No. In October 2015, the University of North Carolina announced a donation of $1 million from Yang Yuanqing to fund biomedical research. Yang Yuanqing Net Worth Yang Yuanqing was born on November 12, 1964 in China. These versions were predominantly being installed on the hard drives of computers with no bundled operating system. It’s refreshing to see Lenovo’s (HKEx: 992) chatty CEO Yang Yuanqing finally doing something besides boasting about his big plans for the company, with word that he is donating a big chunk of his annual bonus to ordinary employees. Seeking to increase Lenovo's size, he has led the company to buy Google's Motorola handset unit for $2.9 billion and IBM's low-end server business for $2.1 billion. ", In December 2012, Yang was named one of the "2012 CCTV China Economic Figures" in a televised award ceremony. According to Hurun Report's 2013 China Rich List, he had an estimated fortune of around US$620 million and is the 533rd richest person in China. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. Wang Jianyi Net Worth Technology. In 2001, Business Week named him one of Asia's rising stars in business. Yang Yuanqing is the chairman and chief executive officer of Lenovo. When we enter a market, we want to quickly get double-digit market share.”. After submitting his bid, Yang discovered that he had quoted twice the price of his competitors. Yang Yuanqing, CEO of Lenovo Group, takes an interview at a production base in Wuhan in central China's Hubei province Thursday Dec. 19, 2013. If you don’t have enough market share, it’s hard to make money. Yang received the same award in 2004. 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