Li Yanheng: CEO co-founder of Baidu, from technology engineer to top Chinese billionaire

Li is a famous billionaire and entrepreneur in the technology industry. Referring to this billionaire, people immediately remember the image of a CEO and co-founder of Baidu, China's leading search engine.

Li was born in 1968. He is a famous billionaire and entrepreneur in the technology industry. Referring to Li, people immediately remember the image of a CEO and co-founder of Baidu, China's leading search engine.

In 2013, the billionaire surnamed Li became the second richest person in mainland China (second only to Jack Ma) with a net worth of $12.2 billion. In 2021, he ranked No. 138 on Forbes' 2021 World's Billionaires List.

Li is the 4th child in a family of working parents, in the poor town of Yangquan, Shanxi province, China. With a large family, low income, the childhood of the technology billionaire was a difficult time, destitute and only enjoyed a backward and poor education.

As the only son in the family, young Li was very naughty. At the age of 15, Li was expelled from school on the first day of school. This caused his parents to "get into a frenzy" and were forced to use whipping to teach their son. They all assume that, at this age, if you do not have ideals, you will not be able to become human.

It was also thanks to that event that the teenager began to seriously study. Li was diligent, hardworking and worked harder than ever to successfully pass Peking University - 1 of the 2 highest quality schools in China.

Later, the young man won a scholarship to study Computer Science at the University at Buffalo, New York, USA. He received his Master's degree in 1994, after deciding not to pursue his PhD again.

After studying abroad and graduating, Lee worked in New Jersey. Beginning in 1994, he joined IDD Information Services, an affiliate of Dow Jones & Company. There, Li participated in the development of program software for the electronic version of the Wall Street Journal. Search engine algorithms were also researched during this period.

From July 1997 to May 1999, Li worked as a Technology Engineer at Infoseek, a pioneer of Internet search engines. He later received the George W. Thorn Award, given to University at Buffalo alumni under the age of 40 who have made national/international contributions to their fields.

In 1995, Li was 27 years old and met Ma Dongmin, a Chinese doctoral student studying for a PhD in biology at the University of New Jersey.

Ma Dongmin was an extraordinary woman. From the age of 15, she passed the University of Science and Technology of China, which is known as a training ground for geniuses. Later, while studying abroad in the US, she was also known as the "study abroad princess".

Li Yanheng was hit by love thunder the first time they met. He took the initiative to approach and introduce himself. The two quickly made a good impression of each other.

Ma Dongmin found the other person to be "charming, knowledgeable, decent and generous." They developed feelings together and after only 6 months, the two decided to move into the same house in the presence of the witness.

The wedding was very fast, no church, no wedding party, not even the bride wore any red accessories. But that didn't make them both any less happy.

Only 2 years later, Li became a full-fledged Technology Engineer, working in Silicon Valley in California. He receives a salary of up to $ 100,000 a year, not to mention a significant income from a large number of stocks. Tech talent lives abundantly in the US with villas, luxury cars and a very comfortable life.

The real turning point came for Li when the couple watched a documentary about Yahoo together. Ma Dongmin encouraged her husband to start his own business, believing that he was a leading expert in the field of information technology. However, at that time, Li ignored his wife's advice.

It wasn't until once, seeing her husband enthusiastically growing vegetables in front of the house, that Ma Dongmin became angry. Waiting for Li Yanheng to be absent, she had already crushed the whole vegetable garden. When he turned around and witnessed this, he was so angry that he called his wife a "tyrantine."

Ma Dongmin simply replied, "If you don't destroy the vegetable garden, it will destroy your husband. I can't let you turn into a California farmer like that!"

Finally, in 1999, Li decided to return to China to start a start-up plan. In January 2000, he founded Baidu with his associates.

By 2004, he had become the CEO of Baidu's operations. That was also when Li wanted to put Baidu on the official list. Ma Dongmin became a bridge between her husband and Wall Street financial experts. Together, both sides came up with detailed analysis and demonstrations, giving him enough courage for the final sprint.

In August 2005, Baidu officially "landed" on NASDAQ. The success of this listing has spawned 9 billionaires, 30 millionaires and many other giants.

At the public celebration that year, Li told hundreds of cameras: "There is a kind of courage in the spirit of Baidu and my wife is the source of this courage. She was always the bravest one who gave the bravest advice in the most important moment."

By November 2007, Baidu had become the first Chinese company to feature in the NASDAQ-100 Index. Lee also appeared in CNN Money's Top 50 Entrepreneurs. The 2007 Hurun IT rankings also showed Robin Li at the top with a net worth of 18 billion yuan.

Li used to give a lot of winged compliments when talking about his wife. In front of the media, the billionaire shared: "In fact, I am not a good explorer or like to take risks. It was my wife who always pushed me forward and pulled me forward."

The Baidu boss said: "My wife has a huge influence on me. She is someone who will act immediately when making a decision. But I always have to think very carefully, very cautiously. Our personalities are like complementing each other.

When I was an Engineering technologist in Silicon Valley, I was satisfied with my status quo, satisfied with the pleasure of growing flowers and taking care of bonsai very leisurely. She was the one who helped change my mind.

Eventually, I chose to return to China to start a business. It was also a challenge for her when faced with the decision to pause her career abroad to follow her husband back home. Thinking for my development, she was determined to return to China to be the support and help behind. It's not easy at all."

Today, Baidu has a strong position as the most used search engine in China. Almost all of Li's wealth comes from his stake in the company. In addition, the billionaire owns a 1% stake in online retailer 360buy Jingdong Mall. The founder of Baidu was also named in the list of top 15 Asian Scientists honored by Asian Scientist Magazine in May 2011 for his achievements.

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