Chinese Internet entrepreneur returns to the billionaire ranks and is now nearly twice as rich as he was in 2008 when he last made the cut. Heads China's online search leader, Baidu, which posted 48% rise in fourth quarter profit. Stock up 281% in the past 12 months, thanks to the strong results but also more recently due to its ongoing rivalry with Google. Baidu shares, and his fortune, jumped a third after Google said in January it might pull out of China. Before cofounding Baidu in 2000, Li worked as a staff engineer in Silicon Valley for Infoseek, a pioneer in the Internet search engine industry. Li sits on board of New York-listed New Oriental Education & Technology, which provides educational services in China. Wealth estimate includes shares held by wife, Melissa Ma.
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