Rank #834
Frank Wang
Net worth $5.1B
Drones · China
- Born
- Oct 30, 1980
- Age
- 45
- Source
- Drones
- Residence
- Shenzhen, Guangdong
- Citizenship
- China
- Marital status
- Married
- Children
- 0
- Education
- Bachelor of Arts/Science, Hong Kong University of Science and Technology; Master of Science, Hong Kong University of Science and Technology
Net worth over time
Biography
- The world's first drone billionaire, Frank Wang is the founder and chairman of DJI, China's biggest seller of civil drones with over two-thirds market share.
- Wang founded DJI in 2006 and ran it out of his dorm room at Hong Kong University of Science & Technology.
- DJI is best known for its Phantom Drones, which retail for around $1,000.
- DJI made a list of "Chinese military companies operating in the United States" published by the U.S. Department of Defense in 2022.
- The son of a teacher turned small-business owner, Wang spent most of his childhood reading about model airplanes.
- When he was 16, Wang got a remote-controlled helicopter after getting high marks on an exam. He promptly crashed it and had to wait months for replacement parts.