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#169 Billionaire

John Tu

John Tu
$14.8B
+$157M (+1.1%)
US · Age 84
Source of wealth: Computer hardware
Industry: technology
Organization: Kingston Technology Corporation, President
Residence: Rolling Hills, US
{ "bio": [ "Kingston Technology CEO John Tu runs the firm, which makes storage and memory products, from a cubicle on sales floor.", "With longtime partner David Sun, Tu launched a computer memory business out of a garage and sold it to now defunct PC maker AST a few years later.", "After losing a fortune in the stock market in 1987, the pair started Kingston to manufacture surface-mount memory chips.", "Tu, a Chinese native who grew up in Taiwan, got an engineering degree in Germany and then immigrated to the U.S. in 1971.", "In 2020, he invested $50 million in Fluxergy, a medical tech startup that developed a rapid diagnostic test for COVID-19." ], "about": [ "Tu met his business partner David Sun, who is 10 years his junior, at a basketball league.", "The company's name comes from one of John Tu's favorite bands, the Kingston Trio." ] }

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