Liu Qiangdong Net Worth

Liu Qiangdong, also known as Richard Liu, is a Chinese businessman with a net worth of $7.9 billion. He is the founder of JD.com, one of the top e-commerce companies in China.

In 1998, Liu started his first business in Beijing as a distributor of magneto-optical products with $2,000 of personal savings. Six years later, he launched his first online retail website, which eventually became JD.com. He paid $5 million for the domain name.

JD.com has grown significantly since then, attracting investors like venture capital firm Sequoia and funds controlled by Saudi Prince Alwaleed Bin Talal. Liu currently owns 17% of the company, which trades on the NASDAQ stock exchange. Walmart owns 10% of the company, and in 2018, Google invested $500 million for a 1% stake. The company has 300 million active users and generates $55 billion in revenue annually. It is one of the 20 largest websites in the world.

Liu Qiangdong has been married to Chinese social media personality Zhang Zetian since 2015, and they have two children together.