- TitleFounder and CEO
Frank Wang founded Da-Jiang Innovations (DJI) in his dorm room in Honk Kong just nine years ago. 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. The FAA, which only this January opened up the U.S. skies for commercial operators, has so far approved ten times more DJI drones than its competitors. In May, 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.