Li Ning (born March 10, 1963 in Liuzhou, Guangxi) is a Chinese retired gymnast, billionaire entrepreneur, and the founder of the eponymous sportswear company Li-Ning. Gymnastics career Li started training at the age of eight and was selected into 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" (). Li is most famous for winning six medals at the 1984 Summer Olympics, which was 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 won 11 World Artistic Gymnastics Championships medals, including gold medals in the rings (1985) and team all-around (1983). Li took part in his second 1988 Olympics in Seoul despite carrying injuries. It was an end to an illustrious gymnastic career, as he was off-form. He did not win any medals year. 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. 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. Li was inducted into the International Gymnastics Hall of Fame in 2000, becoming the first Chinese inductee. In 2017, a statue was erected in his honor on the shores of Lake Geneva in Montreux. At the 2008 Summer Olympics, Li Ning ignited the cauldron at the opening ceremony after being hoisted high into the air with cables and miming running around the rim of the stadium. Personal life Li is married to Chen Yongyan, a fellow gymnast who won an Olympic bronze in 1984. See also List of multiple Olympic medalists at a single Games References External links List of competitive results at Gymn Forum Li Ning: China's legendary gymnast has combined sporting agility with commercial muscle, 60 Years of Asian Heroes, By Hannah Beech, Time, 2006 1963 births Living people Asian Games gold medalists for China Asian Games medalists in gymnastics Asian Games silver medalists for China Chinese male artistic