Zhou Qunfei is the richest self-made girl on the planet, with a internet price of $7 billion. Zhou was born within the Hunan province of China in 1970. She started her skilled profession working in a manufacturing facility that made glass for watches. After working there for a number of years, she started working for one more firm, Bai En, that manufactured glass and screens for multimedia and client electronics units. In 2003, she left Bai En to launch her personal firm, Lens Technology Co., Ltd., in Shenzhen. As the producer of contact screens for a number of corporations, together with Tesla and Apple, Lens Technology ships upwards of 476 billion items of protecting glass to numerous corporations every year. In truth, the corporate provides glass to almost 25 p.c of the worldwide cellular market.
Zhou Qunfei attributes her success to her perseverance. The 48-year-old constructed her empire from the bottom up.
She did not have a straightforward childhood. Her father, a talented craftsman, misplaced a finger in an accident in a manufacturing facility and went blind earlier than she was born. Her mom died when she was simply 5 years outdated. She just lately informed CNBC:
“I had to constantly think about where my next meal is and how I am going to get it.”
Zhou dropped out of highschool at 16 to work on an meeting line at a watch lens manufacturing facility. At night time, she took accounting lessons and dreamed about someday beginning her personal enterprise. She had saved about $2,500 by 1993 and based a household watch lens enterprise with that cash. She lived in a 3 bed room residence with seven members of the family for 4 years.
Over the following 10 years, Zhou constructed a booming enterprise making watch lenses. She employed 1,000 individuals. In 2003, she beat out opponents and was awarded a contract with Motorola. She says this was her darkest second.
“A business rival was jealous. That company teamed up with the raw material supplier and tried to squeeze me out of the game.”
Basically, the provider demanded full fee earlier than delivering any supplies. This was a extremely uncommon transfer for a provider. Zhou bought her home with a view to meet the calls for of the provider, but it surely wasn’t sufficient.
“I was desperate. I stood on the platform at Hung Hom Station in Hong Kong, almost jumped off, delirious, thinking that when I am gone, all the trouble will too be gone.”
At that low level, a telephone name from her daughter introduced her again from the sting. She realized she needed to keep it up. She despatched an electronic mail to Motorola describing the state of affairs they usually stepped in to assist her.
Zhou took her firm public in March 2015, and the worth of shares went by the roof. She owns 98 p.c of her firm.Today Lens Technology is valued at $11.four billion and employs 82,000 individuals throughout China.
“Many people would experience a serious blow to [their] confidence when they encountered setbacks, but the key to success is to persevere, especially during the most difficult times.”