Shein's 38-year-old CEO worth $23.5 billion 10 years after launching company
short by Hiral Goyal / 10:50 am on Tuesday, 13 December, 2022
Xu Yangtian, the Co-founder and CEO of Chinese fast fashion company Shein, has a net worth of at least $23.5 billion years after launching the company in 2012, according to Bloomberg. Meanwhile, the combined net worth of its four Co-founders, including Xu, is said to be almost $40 billion. Notably, privately-held Shein was valued at $100 billion in April 2022.
FAQs
Xu Yangtian, the Co-founder and CEO of Chinese fast fashion company Shein, has a net worth of at least $23.5 billion years after launching the company in 2012, according to Bloomberg. Meanwhile, the combined net worth of its four Co-founders, including Xu, is said to be almost $40 billion.
How much is the CEO of Shein worth? ›
Shein's chief executive officer Chris Xu (also known as Xu Yangtian) is believed to have a net worth of around $US23. 5 billion.
Who is the CEO of Shein? ›
Shein's CEO Xu Yangtian is staying out of the spotlight despite a hotly-anticipated IPO. Xu is so under the radar that his own employees don't recognize him in the office, the SCMP reported. Shein's executive chairman is more public, but he sparked scrutiny in a recent speech.
How much money does Chris Xu have? ›
Where is Chris Xu from? ›
What country owns Shein? ›
Shein (/ˈʃiːɪn/ SHEE-in; styled as SHEIN; Chinese: 希音; pinyin: Xīyīn) is a fast fashion retailer. Founded in Nanjing, China, in October 2008 as ZZKKO by entrepreneur Chris Xu, Shein grew to become the world's largest fashion retailer as of 2022. The company is currently headquartered in Singapore.
Why is Shein so cheap? ›
One of the key ways that Shein and other fast-fashion brands keep prices low is by outsourcing manufacturing labor to cheaper markets, said Dana Thomas, a Paris-based fashion journalist and author of “Fashionopolis: The Price of Fast Fashion and the Future of Clothes.”
How much do shein workers get paid? ›
Workers in Shein factories on average earn between 6,000 and 10,000 Chinese yuan per month, or about $831 to $1,385, according to a Tuesday report from human rights and environmental advocacy organization Public Eye.
Where is the headquarters of Shein? ›
Who is the largest consumer of Shein? ›
The biggest segment of SHEIN's audience is women aged 25-34. SHEIN was the fifth-highest-earning e-commerce store in 2022, as it made $26.15 billion in total worldwide that year.
How Much is Shein Worth? As of the end of 2022, Shein has a valuation of $100 billion. This has increased from a valuation of $5 billion in 2019. The company received moderate investments in 2013, 2015 and 2018, before receiving $500 million in funding in 2019 and a further $1.5 billion in 2022.
What rank is Shein? ›
Controversial pure-play online fashion retailer Shein ranks third. Generalist Retailers Remain Successful: Two of the top 5 stores are established brick-and-mortar hypermarkets with an additional online presence.
Is Shein ethical? ›
None of Shein's supply chain is certified by labour standards which ensure worker health and safety, living wages or other labour rights. There is no evidence it ensures payment of a living wage in its supply chain. It uses few eco-friendly materials.
Why is it called Shein? ›
SHEIN itself has not publicly explained the story behind its naming. Some believe SHEIN's name is designed to be easy to remember and pronounce in many languages, making it accessible to a wide audience.
What did Chris Xu do before Shein? ›
Chris Xu was born in 1984 in the Chinese province of Shandong. He graduated from Qingdao University of Science and Technology in 2007 and moved to Nanjing to work for an integrated marketing consulting company, Nanjing Aodao Information Technology Co, in 2008, where he specialized in SEO.
Are Shein and Temu the same? ›
Are Temu and Shein the same company? No, Temu and Shein are completely separate companies. Despite offering similar products at similar prices, they're owned and operated by different corporations. Temu, although based in America, belongs to Chinese company PDD Holdings, Inc.
How much is the Shein company worth? ›
How much is Shein worth? Shein was most recently valued at $66bn in a March 2023 fundraising round. Before that, Shein was valued at $100bn in 2022; however, a sector-wide decline in venture funding resulted in a credit crunch for many tech companies, including Shein competitor Pinduoduo.
How much do Shein workers get paid? ›
Workers in Shein factories on average earn between 6,000 and 10,000 Chinese yuan per month, or about $831 to $1,385, according to a Tuesday report from human rights and environmental advocacy organization Public Eye.
How does Shein make money? ›
Shein generates the majority of its revenue through the sale of fashion items via its online platform. By tapping into a massive global market, Shein capitalizes on the demand for fast fashion at affordable prices. Their efficient supply chain and cost-effective production methods further contribute to revenue growth.
Who does Shein donate to? ›
The financial support for the six DFS affiliates is part of the US$35 million that SHEIN had committed in September 2023 towards social impact activities focused on women, young people, and underprivileged communities.
