Charles Zhengyao Lu

$1.11B

as of 08/18/21

About Charles Zhengyao Lu

A serial entrepreneur, Charles Lu founded rental car company Car Inc. in 2007 and guided it to an IPO on the Hong Kong Stock Exchange in 2014.

But his most valuable holding is Luckin Coffee, an upstart coffee chain with ambitions of surpassing Starbucks in China.

Started by a former executive of Lu's, Luckin Coffee expanded from one shop to over 3,600 locations in two years, and listed in the U.S. in May 2019.

Lu, who helped fund the company as an angel investor, now chairs the board and owns 26% of the shares.

He still chairs Car Inc. and also runs UCar, a ride hailing startup launched in 2015.

Personal stats

Citizenship

People's Republic of China

Source of wealth

coffee chain, car rentals

Residence

Beijing, People's Republic of China

Marital status

Married

Birth date

07/01/69 (age 55)

Self-made

self-made