Background and career
Jia Yueting (Chinese: 贾跃亭; born 15 December 1973, YT Jia) is a Chinese businessman who is the founder of Leshi Holding Group and the former CEO of Faraday Future. He previously founded LeEco and the Le.com subsidiary LeSports, and is the former chairman and CEO of Le.com as well as the former chairman of both Coolpad Group and Sinotel Technologies. Jia has been involved in several financial controversies related to his companies. In 14 October 2019, he filed for bankruptcy with a personal debt of over US$3.6 billion. In April 2025, Jia was appointed co-CEO of Faraday Future.
Jia Yueting was born in Xiangfen, Shanxi, China in December 1973. Jia completed his undergraduate studies at Shanxi Provincial Finance and Taxation Vocational College (Chinese: 山西省财政税务专科学校) with concentration in finance. He once took executive courses in the private business school Cheung Kong Graduate School of Business (Chinese: 长江商学院) with unspecified time.
Jia started as a tech support personnel in a Shanxi Province tax office.
Jia was the owner of former Singapore-listed company Sinotel Technologies. Before the privatization of the company, Jia owned 26% of its shares. Sinotel Technologies was the parent company of Xbell Union Communication and second-tier subsidiaries Shanxi Xbell Communication (Chinese: 山西西贝尔通信科技). A subsidiary, Xbell Investment, was sold by Sinotel Technologies to LeEco (Leshi Holdings Beijing), another company owned by Jia Yueting.
Jia founded Le.com and later LeEco (Leshi Holding Beijing). In 2015, he purchased Coolpad Group from Guo Deying via Lele Holding and intermediate holding company LeEco Global. In July 2017, he resigned as the chairman and CEO of Le.com. He was replaced by Sun Hongbin, chairman of the second largest shareholder of Le.com, Sunac China. Le.com general manager Liang Jun and Le Vision Pictures chairman and CEO Zhang Zhao were also elected onto the board. On 25 December 2017, the Beijing Bureau of China Securities Regulatory Commission publicly ordered Jia to return to China to take his responsibility as the controlling shareholder of Le.com. Jia refused to return, sending his wife instead to solve the financial issues, which sparked criticism from the Chinese government and the online community. Jia had sold part of the share of Le.com and lend the same amount of money he received to the listed company, which he made a written agreement with the company for the loan. However, the loan was not renewed, making the financial troubles of the company even worse.
Jia Yueting involvement with Lucid Motors started in 2014, when LeEco, along with other investors, invested $100 million into Atieva (Lucid Motors's former name). In April 2016, Jia Yueting used money he previously borrowed in China to purchase a stake of over 20 percent in Lucid Motors, a direct competitor of Faraday Future. The move was characterized by some industry observers as "a destructive strategy", with people pointing out that Jia actually did not want Lucid Motors to succeed. As of February 2019, Jia still owns a large stake in Lucid Motors.
Sources
Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.
