The majority of Lv's fortune is derived from his 22% stake in BYD, a publicly traded maker of batteries and automobiles in Shenzhen.

Lv owns the stake directly and through Youngy Investment, according to a Dec. 12, 2023 company filing. About 16% of his stake is pledged and removed from the net worth calculation.

He also holds a 25% stake in Youngy Co. and a 15% stake in Youngy Health, according to company filings.

The billionaire's cash and other investments are based on an analysis of dividends, insider transactions, taxes and market performance.

Li Qian, a spokesperson for the company, didn't respond to a request for comment on the net worth calculation.

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