Asia’s Youngest Tech Billionaire is a 36-Year-Old Drone-Maker From China

Frank Wang Tao, 36, has become the youngest Asian billionaire in the technology industry, as listed on Forbes magazine’s 100 Richest in Tech” for 2017.

Wang, who lives in Shenzen, China, is the founder of DJI, the world’s leading maker of commercial drones.

With an estimated wealth of $3.2 billion, Wang is ranked 76th on the list, and 522nd on the magazine’s “The World’s Billionaires” list for the current year.

Advertisement

A native of Zhejiang Province in eastern China, Wang traveled to Hong Kong in 2003 to study for a bachelor’s degree at the Hong Kong University of Science and Technology, where he also later earned a master’s degree.

Spark, DJI’s first-ever mini drone (via Instagram / @djiglobal)

By 2005, the university, recognizing his talent, funded him $18,000 Hong Kond dollars ($2,300) to conduct research and develop a drone. He moved to Shenzen a year later to start his business, according to EJ Insight.

After launching its first product in 2008, DJI has since held a leading position in the consumer drone market, offering products that cater to a wide range of needs.

Advertisement

A post shared by DJI (@djiglobal) on

With an approximate value of $13.7 billion, the company is also considered the fifth most valuable of its kind in China.

It is also estimated to hold 70% of the world’s market for recreational drones, the South China Morning Post noted.

Featured Image / Screenshots via New China TV / Xinhua on YouTube

Advertisement
Total
45
Shares
Related Posts