Li Shufu

Li Shufu was born in Taizhou, Zhejiang, China in 1963. He earned a master's degree from Yanshan University.

Li is the founder and chairman of Geely Automobile in 1986, which is the second largest private automobile manufacturer in China. Currently, he resides in Hangzhou, the capital city of Zhejiang province.

Geely Group sponsored China's Jia B League team Guangzhou F.C. in 2001. However, after the 2001 China Jia B League Match Fixing, at the end of the season, Li ended his involvement sponsoring football and was quoted as saying, "We won't come back until the Chinese football environment gets better."

On 28 March 2010, Geely signed a deal worth US$1.8 billion to buy Volvo Cars from American automobile manufacturer Ford Motor Company. It was the largest foreign purchase by a Chinese car manufacturer. Along with $900m of working capital from Geely and a commitment to build a Volvo factory in China, Li had a target of driving sales to 600,000 by 2015 in the domestic market.

In 2013, Hurun Report ranked Li the 63rd richest person in mainland China, with a net worth of US$2.6 billion.

Li announced in November 2018 that he has entered into an agreement with the China Aerospace Science and Industry Corp. to build a new line of supersonic bullet trains. The plan is for the trains to run using newly developed technology. Li said, "Core technology can't be bought. The more you use others' technology, the more reliant you become. We have to innovate on our own. The journey will be tough but the prospects are promising."

In 2018, according to the Financial Times, Li has become Daimler's largest shareholder, with a 9.7% stake in the German automaker.

In March 2020, Li is in talks with Volvo Cars to merge with Geely in his move to create China's first global auto maker. Both Volvo and Geely are owned by Mr. Li's investment fund Zhejiang Geely Holding Group, but are being operated as separate entities.