Frank Wang founded Da-Jiang Innovations (DJI) in his dorm room in Honk Kong just nine years ago. Wang is the largest shareholder of SZ DJI Technology, the world's largest manufacturer of recreational drones. The Shenzhen, China-based company has more than 6,000 employees and offices in five countries including the U.S. and Germany. It had revenue of about 26 billion yuan in 2020.
Now it’s the world’s largest consumer drone business, with an estimated 70% of global market share. Skyrocketing demand for DJI’s Phantom drone—an engineering marvel targeted to at-home enthusiasts, ready to fly right out of the box with an integrated camera—earned it a spot in the Apple Store in September 2015.
In May 2015, Wang raised $75 million from Accel Partners at a lofty valuation of $8 billion. Even as regulators double down on safety and security concerns (yes, it was a DJI drone that crash-landed on the White House lawn earlier this year), Wang expects to pilot DJI to $1 billion in sales this year.
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