Li Ning (Zhuang: Lij Ningz; born March 10, 1963, in Liuzhou, Guangxi) is a Chinese billionaire entrepreneur, the founder of the eponymous sportswear company Li-Ning, and retired gymnast of Zhuang ethnicity. He lives in Hong Kong.
Gymnastics career
Li Níng started training when he was eight and was selected for the national team in 1980. In 1982, he won six of the seven medals awarded at the Sixth World Cup Gymnastic Competition, earning him the title "Prince of Gymnastics" (simplified Chinese: 体操王子; traditional Chinese: 體操王子).
Li Níng is most famous for winning six medals at the 1984 Summer Olympics, the first Olympics in which the People's Republic of China participated. He won three gold medals (in floor exercise, pommel horse, and rings), two silver medals, and one bronze medal. Li became the most decorated Chinese athlete at the first Olympics that China participated in after the founding of the People's Republic in October 1949.
Li Níng took part in his second Olympics at the 1988 Summer Olympics in Seoul, despite carrying injuries. It ended an illustrious gymnastic career, as he was off-form. He did not win any medals that year. [citation needed]
Post-gymnastics
Li retired from sporting competition in 1988, and in 1990 he founded Li-Ning Company Limited, which sells footwear and sporting apparel in China.[1] Li remains chairman of the company's board of directors. According to Hurun Report's China Rich List 2014, he has an estimated fortune of RMB 5 billion, making him the 407th wealthiest person in China.[2]