#61

John Tu

$35.6B

us

Passive income at 5% annual return

Since you arrived

$0.00

Per second

$56.00

Per minute

$3,388

Per hour

$203,297

Per day

$4,879,137

Wealth in context

Median US salary
17.5 minutes($59,384)
Average US home price
2.1 hours($420,800)
Teacher's annual salary (US avg)
20.5 minutes($69,544)

Time to earn each amount through passive income at 5% annual return on $35.6B net worth.

Biography

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.

Tu's first jobs in the U.S. included running a one-man gift shop with imported Chinese collectibles and selling commercial real estate.

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.

Details

Gender: m
Citizenship: us
#60Alexey Mordashov & family#62David Sun