Biography & Early Wealth Journey

In 2006, Wang moved his fledgling company out of his dorm room and into a three-bedroom apartment. In the early days, DJI's product sold for $6,000 to state-owned power companies and Chinese universities. At the time, Wang didn't realize how big the drone market would become. He also had no idea that he would be able to bring the cost of manufacturing his drones way way way down.

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Wang debuted the Phantom in January 2013. The Phantom is the first ready to fly, pre-assembled drone and costs $679. At first, DJI planned to just break even on the Phantom's retail price. Wang made an entry-level product to prevent his competitors from getting into a price war. What he didn't anticipate was that the Phantom would quickly become DJI's best selling product. The Phantom increased DJI's revenue five-fold. It sells equally well around the world with 30% of revenue from the U.S., 30% from Europe and 30% from Asia, and the remaining 10% from Latin America and Africa.

Primary Income Streams & Multi-Million Contracts

DJI began the drone revolution. Everyone else is just trying to catch up.

Wang has a long way to go to catch up to the richest Asian tech billionaire, Jack Ma. The Alibaba founder is the richest man in China with a net worth of $28 billion. Alibaba is the world's largest e-commerce platform.

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