Top 100 Global Creator - P5. Ren Zhengfei – Huawei

09-09-2020

(wcsa.world) Ren now serves as a deputy chairman of the Board of Directors, but he is not among the current three rotating CEOs.

Ren Zhengfei (born 25 October 1944) is a Chinese entrepreneur and engineer. He is the founder and CEO of Shenzhen-based Huawei, the world's largest manufacturer of telecommunications equipment and second largest manufacturer of smartphones. As of February 2019, he had a net worth of US2.3 billion.

Ren was born in Zhenning County, Guizhou. His grandfather Ren Sanhe was a master chef who was an expert in curing ham from Rendian Village, Pujiang County, Zhejiang.

In 1987, Ren founded Huawei Technologies Co. Ltd with 21,000 yuan, around US$5,000 at the time. Initially, Huawei was a contractor for selling, installing and maintaining server switches and equipment for a Hong Kong dealer in China. 

In 1992, Ren pushed Huawei to develop the C&C8 server switch, which sold at 1/3 of the price at that time and made the first successful boost of Huawei.

Due to the Ren's background, Huawei were rewarded with Chinese government contracts in data center building and telecommunications construction of 4G networks. Huawei is also active in building telecommunications for African countries as a Chinese diplomatic relations building in 1990’s.

Ren now serves as a deputy chairman of the Board of Directors, but he is not among the current three rotating CEOs. The company had annual revenue of US$92.5 billion in 2017.

Ren holds 1.42% of the shares of Huawei, valued at US$450 million in 2010. Huawei is essentially independent of Ren because its shares are held by its employees, but the ownership structure remains opaque.

According to en.wikipedia


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