Chinese Billionaire Lin Bin Buys 1% of Dolphins at a $12.5 Billion Valuation
Sportico is reporting that Lin Bin, who co-founded the Chinese consumer electronics company Xiaomi, is purchaing 1% of the Miami Dolphins (and other assets such as Hard Rock Stadium, and the F1 race in Miami) at $12.5 million valuation.
This deal will be for a record valuation for a publicly known minority transaction.
The NFL’s finance committee has already approved the deal, but the league’s owners will need to approve it to make it official.
Bin is a Chinese-American billionaire entrepreneur who will turn 65 years old later this month.
He received a Master’s degree in Computer Engineering at Drexel University and then went to work at Microsoft, where he began working on Internet Explorer.
Bin then worked as an engineering director at Google, and served as Vice President of Google China’s Engineering Research Institute.
As of 2025, Bin had an estimated net worth of $18.1 billion, making him the 115th richest person in the world.
SCOOP: Billionaire Lin Bin has reached a deal to buy into the @Dolphins parent company at a $12+ billion (!) valuation. He’s taking 1%.
More at @Sportico via me, @soshnick and @JustBirny 👇 https://t.co/UfnsXm1qkE
— Eben Novy-Williams (@novy_williams) March 3, 2026
Below is Lin Bin’s biography from the Xiaomi website.
Lin Bin, born in February 1968, received a bachelor’s degree in Radio Electronics and Engineering from Sun Yat-sen University in July 1990, and an MSc degree from Drexel University in June 1992. He is Xiaomi’s co-founder, executive director, and vice chairman, as well as chairman of Xiaomi Foundation Limited in Hong Kong.
Lin Bin co-founded Xiaomi with Lei Jun in 2010, serving as president of Xiaomi Corporation until 2019 before he took the role of Xiaomi’s vice chairman.
Earlier in his career, Lin Bin served as the engineering director at Google between 2006 and 2010. Before that, he worked at Microsoft Corporation from 1995 to 2006 and took on various roles such as software design engineer (SDE), SDE lead, SDE manager, and engineering director. Prior to that, Lin Bin worked as a network engineer at ADP Inc. from 1993 to 1995.
