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#170 Billionaire

John Tu

John Tu
$15.5B
$-778M (-4.8%)
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.", "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." ] }

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