Monolith's Xi Cao Named to Forbes 2026 Midas List
Made the list for two consecutive years on the strength of investments in MetaX, Unitree, and other companies.
On May 27, Forbes released the 2026 Midas List, its annual ranking of the world's top 100 venture capitalists. Often called the "Oscars" of the VC world, the list recognizes the industry's highest-performing investors globally.
Xi Cao, founding partner of Monolith, ranked 38th worldwide for his early bets on MetaX, Unitree, Moonshot AI, and Kuaishou — second-highest among Chinese investors on this year's list. This also marks his second consecutive appearance on the Midas List.
This year's rankings and scoring methodology saw significant changes. The venture industry now stands at the threshold of what may be its largest-ever return cycle. Under the new scoring period, emerging tech giants like SpaceX, Anthropic, and OpenAI have become the primary drivers of list placements.
The Midas List is compiled by Forbes in partnership with TrueBridge Capital Partners. The annual ranking combines public information with submissions from hundreds of VC firms, using a data-driven methodology that carries substantial weight across the global investment community.
Full list: https://www.forbes.com/lists/midas/
Forbes editors' selection notes:
