Chinese businessman Li Hejun had an estimated net worth of$10.3 billion in March 2014, $21.1 billion in March 2015, $3.2 billion in March 2016, $1.9 billion in March 2017, and was no longer a billionaire in March 2018, according Forbes. The self-made billionaire is the chairman of Hanergy and holds 80.79 percent stake in the company.
Li grew up in Heyuan, Guangdong Province, China. He made his early money in the electronics trade in Beijing. Later he expanded into hydropower. Hejun founded Hanergy in 1994. Headquartered in Beijing, it is a privately held Chinese multinational renewable energy company. His company runs one of the world’s largest privately owned hydropower plants in western China’s Yunnan Province. He purchased three Western thin-film solar businesses in 2013 and one, Alta Devices of California, in 2014.
It was originally reported that Li Hejun saw his net worth drop by $14 billion on 20 May 2015 when Hanergy’s stock plummeted 47 percent on the Hong Kong stock market in the final half hour of trading, before being suspended. He was notably absent at the company’s AGM earlier that day. It was revealed later that he had shorted more shares in his own company on 18 May, increasing his short position to 7.71 percent of the company’s stock.
Li Hejun published his first book China’s New Energy Revolution in 2014. He is married and has one child.