Yang shared the award with Elon Musk of Tesla Motors and SpaceX. 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. Liu described Yang as "A man who moves forward, takes risks and aims to innovate." These versions were predominantly being installed on the hard drives of computers with no bundled operating system. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. Yang Yuanqing Net Worth Yang Yuanqing was born on November 12, 1964 in China. One of his major achievements was leading Lenovo to become the best-selling personal computer brand in China since 1997. University of Science and Technology of China. Yang received the same award in 2004. 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. Last updated: 1 October 2020 at 11:00am EST. That's a milestone that the company is keen to trumpet, and investors seem to agree: shares in [...]. 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. 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. 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 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. Problems at Legend due to lower import duties on personal computers did not allow for this though. But for the CEO of Lenovo, Yang Yuanqing, that wasn’t a difficult task. 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. Though former China Communist Party leader Mao Zedong famously said, "Women hold up half of the sky," gender imbalances persist in board memberships. In 2011, Finance Asia named Yang the "Best CEO in China. Microsoft tripled its sales of preloaded versions of Windows within a year as a result. Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. 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. 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 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 In 2005, Yang Yuanqing undertook a deal with Microsoft to have Windows preloaded on most Lenovo computers sold in China. Mr. 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. Past winners include Steve Jobs, Ted Turner, Doug Ivester, and Martha Stewart. Yang was awarded the May Fourth Youth Medal, by the All-China Youth Federation in 1999. After addressing human resources issues, Yang moved on to distribution. 250 Estimated Wealth: $800 million Age: 48 Source of Wealth: Manufacturing Main Business: Lenovo Group Yang debuts on the Forbes China Rich List following an all-round successful year personally and for Lenovo, the computer maker he chairs. He was quickly promoted. Yang worked to ease worries by communicating directly with Congress. See clips from our partners here: — HP CEO Enrique Lores (23:43 – 27:15) — Lenovo CEO Yang Yuanqing (35:30 – 38:49) — Vice President of Technology for Lucasfilm François Chardavoine (30:32 – 35:29) — Mercedes-AMG Petronas Formula 1 Team Driver Lewis Hamilton and Team CEO Toto Wolff (38:50 – 45:55) — Microsoft Chief Product Officer Panos Panay (11:00 – 17:15) In exchange, Microsoft China offered a rebate on Windows and marketing assistance. One of his major achievements was leading Lenovo to become the best-selling personal computer brand in China since 1997. ... Market shares worth 25.7% consisted of Lenovo’s personal computers. 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. Prabhas Ghosh 2490 days ago. Yang stayed on after repeated requests from Liu Chuanzhi. When we enter a market, we want to quickly get double-digit market share.”. Yuanqing Yang serves as Independent Director of the Company. FREE Background Report. He was willing to go out on a limb.". 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. In 1999 and 2001, the magazine BusinessWeek named him one of the "Stars of Asia." Lenovo's Yang Yuanqing is leading an attack on the consumer market with a smart phone slated to launch in China. 17 Comments on this Story. Yang made his proposal at the advisory body's annual meeting. After submitting his bid, Yang discovered that he had quoted twice the price of his competitors. List Net Worth of 1964 births, Net Worth 2019 of 1964 births, including Alexander Ponomarenko, Arkady Volozh, Charles Dunstone, David Kabiller, ... Yang Yuanqing Net Worth Technology. Yang even required managers to stand outside their offices each morning to greet their employees while carrying signs with their first names. 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. Yang was born on 12 November 1964 to parents both educated as surgeons. Yuanqing Yang Net Worth © 2021 Forbes Media LLC. 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 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 Yuanqing, Lenovo's Chairman and CEO, ... since his last annual bonus was reportedly worth US$5.2 million, and his net personal income for the year totaled US$14 million. Mr. Yang is currently the chairman and chief executive officer of Lenovo Group Limited, a Hong Kong-listed company, a director of Sureinvest Holdings Limited and Taikang Insurance Group. We trusted him.". 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. Lenovo’s Yang donates $3 mln to employees. 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. Yang Yuanqing has helped raise Legend Computer Systems Ltd’s PC market share in China to more than 30 percent in 2000, making the company the … 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. Lenovo is my life's struggle and career, I have invested all of my Energy into it. 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. Yang, a 43-year old entrepreneur and venture capitalist, is admittedly a long-shot candidate for President. Yang serves on the National Committee of the Chinese People's Political Consultative Conference, China's top governmental advisory body that includes more than 2,000 of China's elites from all sectors of society. Taizo Son Net Worth Technology. 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. In addition, he makes $321,770 as Independent Director at Thermo Fisher Scientific. 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. 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. Yang Yuanqing was chairman of Lenovo's board from 2004 to 2008. Yang's first major task at Lenovo was to write a bid to become an IBM reseller. 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. Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. Yang Yuanqing is the chairman and chief executive officer of Lenovo. This action resulted in Lenovo cutting its sales staff from over 100 to just 18 in 1994. Crispin Glover Net Worth Film & Theater Personalities. In the meantime, the enterprising spirit encouraged by Liu Chuanzhi in Lenovo by culture building has supported Lenovo to cultivate so many talents including the managerial talents such as Yang Yuanqing, and some ordinary but hard working employees, who devoted a lot the reputation and market performance of Lenovo today (Liu 2007). 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. Yang said that legal loopholes and widespread corruption create major challenges to securing personal data. 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. Steve Ballmer said, "Yuanqing made a huge difference. Lenovo Swallows Motorola, Indigestion Coming? 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. Yang ensured proper training of distributors and brought in Microsoft and Intel to help with these efforts. Lenovo's CEO Dixon Jose gave up his job to Yang. The estimated Net Worth of Dion J Weisler is at least $258 Million dollars as of 7 December 2019. In 2001, Business Week named him one of Asia's rising stars in business. Forthcoming trade deal preserves China’s favorable market access to EU, complicating relationship with US. 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. July 23, 2012. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. 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 (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. He grew up poor, as his parents were paid the same salaries as manual laborers. 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. Yang said that while the internet has brought many advances it also brings new challenges such as protecting privacy and securing personal information. Lin Bin Net Worth Technology. Traditionally, each guest at the banquet stands up and uses a toast to set goals for their Business unit. 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. Yang said of his Father, "If he set a target, no matter what happened, he wanted to reach it.". Yang Yuanqing's $3.25 million bonus will be split among Lenovo's 10,000 hourly manufacturing workers, mainly in China. He used the move to break Lenovo's cultural links to the past. Generally speaking, the bigger the hexagon is, the more valuable Yang Yuanqing networth should be on the internet! 2015 Billionaires NET WORTH $1.25B as of 3/2/15 Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. He had clear goals, was broad-minded and straightforward. Yang's Father, Yang Furong, was a disciplined man with strict standards. During the ceremony Yang said, "I have a dream that Lenovo will become the pride of China in the IT industry. Yang has said that when Lenovo enters a new market they intend to be number one. All Rights Reserved. Yang believed that he would benefit from exposure to American Business practices but Liu persuaded him to delay his plans for two years. As you can now see, our dream is being realized step-by-step.". Mr. Yang assumed the duties of chief executive officer of the Company on February 5, 2009. Lenovo defies market doldrums with 64pc rise in quarterly net profit. Liu also said, "I had been observing Yang a long time before I appointed him to take over the PC Business. As of 2013, Lenovo's top 14 executives come from seven countries. He is also a director and a shareholder of Sureinvest Holdings Limited which holds interests in the issued shares of the Company. Top Net Worth for Technology, Net Worth 2018 of Technology, Technology Net Worth ... Yang Yuanqing Net Worth Technology. "Now is a very tough period" for smartphone makers in China, CEO Yang Yuanqing said in an interview. On 1 May 2014, Yang received the 2014 Edison Achievement Award in San Francisco at the annual Edison Awards Gala. Yang stated, “If you don’t have enough scale, if you don’t have enough volume, it’s hard to make money. Yang received the same award in 2004. One American Lenovo executive interviewed by The Economist praised Yang for his efforts to make Lenovo a friendly place for foreigners to work. Each employee will receive a bonus of roughly $300. Yuanqing Yang Net Worth Yuanqing Yang biography. 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. [160] Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. Shares in NIO have plummeted, down more than 74% for the year, as the company grapples with cost overruns and weak demand for its … His net worth more than halved, to $860 million. Yang's donation funds grants of $75,000 per scholar. He is also a director and a shareholder of Sureinvest Holdings Limited which holds interests in the issued shares of the Company. Other manufacturers adopted this approach afterwards, partly due to Yang's substantial influence in China's Technology industry. Lenovo India Amar Babu RK Amar Babu productivity promotions product endorsements Wholesale price index net worth Yang Yuanqing. Yang was born on 12 November 1964 to parents both educated as Surgeons. Yang also stood out at Lenovo for being a quiet, deep thinker. Wang Jianyi Net Worth Technology. In 2001, Business Week named him one of Asia's rising stars in business. In 1989, Yang joined Legend, as Lenovo was then known, at the age of 25. Each employee will receive a bonus of roughly $300. In 2008, Forbes Asia named Yang "Businessman of the Year." Yang also set up a system to monitor the sales, inventory, cash flow, compliance, and pricing of distributors. In 2004, he was listed among "Asia's 25 Most Influential Business Leaders" by Fortune Asia. If you don’t have enough market share, it’s hard to make money. When Yang took over Lenovo's personal computer division, he strongly discouraged the use of formal titles and required staff to address each other by their given names. Yang Yuanqing was born on November 12, 1964 in China. Yang worried that fears about Lenovo's supposed connections to the Chinese government would be an ongoing issue in the United States. Yang's father, Yang Furong, was a disciplined man with strict standards. Yang travelled to meet distributors throughout China and used his technical knowledge to achieve a strong sales record. Following a 36% run-up in the stock price in 2012, the company's market cap is $10.4 billion . Europe Is A Tool In China’s Bid For Global Supremacy, New Book Says, Female Entrepreneur's Ascent To Lenovo Board Highlights Gender Gap In China Tech, Lenovo's Moto Bets On 'Modular' Smartphone System. David Bach salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like David Bach based on real numbers. 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. 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. The issue soon faded away. In February 2009, Yang gave up his position as chairman and again became CEO at Lenovo. 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. Mr. Yang Yuanqing, 55, is the Chairman of the Board, Chief Executive Officer and an executive director of the Company. That means Lenovo CEO Yang Yuanqing is sitting on [...], Yang Yuanqing, left, NEC president Nobuhiro Endo. There are many brands from which you can choose, and here we have listed our top 10 best laptop brands 2020 for your buying ease. Within a year of joining Lenovo in 1988, Yang had lost interest in sales and had taken the TOEFL in preparation to study overseas. Jimmy John Liautaud Net Worth Restaurateurs. A laptop is an absolute necessity in this age, and what is the best laptop brand in 2020 is the most asked question. In contrast to Lenovo, foreign firms often tried to squeeze distributors' margins. Yang also sent many Lenovo executives to the US for long postings. Yang Yuanqing is the chairman and CEO of Lenovo Group of Beijing, the world's largest maker of personal computers. 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. Its net profit rose 13% in the third quarter on revenues of $8.6 billion. Yang Yuanqing was selected to accompany Chinese president Xi Jinping on a state visit to the United States in September 2015. Yang Yuanqing is the chairman and chief executive officer of Lenovo. ", In December 2012, Yang was named one of the "2012 CCTV China Economic Figures" in a televised award ceremony. In addition, he makes $6,996,990 as President, Chief Executive Officer, and Director at HP Inc. Yang earned an undergraduate degree in computer science from Shanghai Jiaotong University in 1986 and graduated with a master's degree from the University of Science and Technology of China in 1988. He spent his childhood in Hefei in Anhui province. In 2015, Yang was listed on Forbes billionaire list. Yang Yuanqing was born on November 12, 1964 in China. Yang's parents endured repeated persecution during the Cultural Revolution. Due to China's large territory, large population, varying degrees of economic development, and widely different local regulations, Lenovo was having difficulty operating nationwide. (Image credit: AFP/Getty Images via @daylife) Yang Yuanqing, the chief executive of the computer maker Lenovo, got a bonus $3 million bigger this year than last year. In December 2012, Yang was named one of the "2012 CCTV China Economic Figures" in a televised award ceremony. Lenovo has acquired companies all over the world. Yang decided on Lenovo implementing specific job descriptions with clear responsibilities and a system of performance evaluations used to determine annual bonuses. Yang was named "2007 Chinese Business Leader" by Fortune China. Our cloud-network convergence business provides products such as 5G cloud base stations, 5G private network core networks, and … Lenovo acquired IBM's personal computer business in 2005 and agreed to acquire its Intel-based server business in 2014. The two companies had failed to reach a … The estimated Net Worth of Enrique Lores is at least $40 Million dollars as of 7 December 2020. In October 2015, the University of North Carolina announced a donation of $1 million from Yang Yuanqing to fund biomedical research. Download The Economic Times News App to get Daily Market Updates & Live Business News. Lenovo's CEO Yuanqing Yang believes sunnier days are ahead. That’s why we enter the markets one by one. In 2014, he pushed for legislation to protect privacy and personal data on the web and electronic devices. All Rights Reserved. Yang also hired a private tutor and watched cable news to practice. D'Amato later stated that he was impressed with Yang's candor. The company has dual headquarters in Beijing and Morrisville, the former home of IBM's personal computer Business. With IBM deal, Yang Yuanqing sees a better match than HP-Compaq, and more industry consolidation in the future. Or, David Bach's net worth in US Dollar Jan, 2021? Yang's parents endured repeated persecution during the Cultural Revolution. Yang was elevated to CEO of the whole company when Liu retired in 2001. I firmly believe that Lenovo, a product of China, will stand atop the world's stage. Naruatsu Baba Net Worth Technology. Mr. Yang assumed the duties of chief executive officer of the Company on February 5, 2009. University of Science and Technology of China alumni, Shanghai Jiao Tong University I firmly believe that Lenovo, a product of China, will stand atop the world's stage. Yang holds an annual banquet at his home in Beijing for Lenovo's top executives. 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.