Source of Wealth:Technology
Birth Place:Chongqing, China
Full Name:John Tu
Date of Birth:August 12, 1941
About John Tu
Chinese-American businessman John Tu has a net worth of $6.28 billion.
Before John Tu established Kingston Technology, he worked for a shipbuilding factory in Germany. In 1970, he moved to the United States, opened a gift shop and became a developer for a real estate business in Scottdale, Arizona.
When he met David Sun in Los Angeles, Tu collaborated with him to form the memory device maker Camintonn in 1982. Four years later, they sold the company to AST Research for $6 million. In 1987, they lost all of their savings in the Black Monday stock market crash before they founded Kingston Technology.
Tu and Sun sold 80 percent stakes in the closely held company to Softbank for $1.4 billion and distributed $100 million of the proceeds to their employees in 1996.
John Tu was born on August 12, 1941 in Chongqing, China. He finished his studies at Darmstadt University with a degree in electrical engineering.
The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of John Tu Net Worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.
Earnings 2013 $4 Billion
Earnings 2011 $2.6 Billion
Earnings 2008 $4 Billion
Earnings 2007 $2.5 Billion
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