The Richest Asian Americans

1. Patrick Soon-Shiong 12.4 billion ( Chinese ) born in Port Elizabeth, South Africa lives in Los Angeles

 

South African-born American surgeon, medical researcher, businessman, philanthropist, and professor at University of California at Los Angeles. He is currently chairman of the Chan Soon-Shiong Family Foundation and chairman and CEO of the Chan Soon-Shiong Institute for Advanced Health, National LambdaRail, the Healthcare Transformation Institute and NantWorks, LLC.[2] He is minority owner of the Los Angeles Lakers and is ranked by Forbes as the wealthiest American in the healthcare industry and the wealthiest man in Los Angeles with a net worth of US$12.3 billion.[3]

 

 

 

2. Shahid Khan 5.5 billion  (Pakistani)  born in Pakistan lives in Naples, Florida

 

a Pakistani-American billionaire businessman. He is the owner of the Jacksonville Jaguars of the National Football League (NFL), the English Football League Championship team Fulham F.C., and automobile parts manufacturer Flex-N-Gate in Urbana, Illinois.

As of May 2015, Khan’s net worth is over $5.6 billion. He is ranked 121st in the Forbes 400 list of richest Americans and is overall the 360th wealthiest person in the world.[3][4] He is also one of the richest persons of Pakistani origin.

Khan was featured on the front cover of Forbes magazine in 2012, associating him as the face of the American Dream.[5]

3. Jin Sook and Dowon Chang 4.6 billion (Korean) born in Korea lives in Los Angeles

 

 

 

Born in South Korea, Do Won Chang and his wife, Jin Sook, immigrated to the United States in 1981.  In order to make ends meet, Chang worked three jobs: as a gas station attendant, a janitor, and in a coffee shop. While working at the gas station, Chang decided that he would do much better working retail. The couple took their savings and opened a small 900 square foot store in a Los Angeles suburb in 1984. The original name of the company was Fashion 21. During their first year of business, the store went from $35,000 in sales to more than $700,000

4. David Sun 4.2 billion  (Chinese)   born in Taiwan lives in Los Angeles

 

 

 

 

is an American businessman, co-founder (with John Tu) and COO of Kingston Technology.

5. John Tu 4.2 billion  ( Chinese) born in China  lives in Los Angeles

 

 

 is a Chinese-born American entrepreneur and philanthropist. He is the co-founder of Kingston Technology.[1][2]

6. Kieu Hoang  $3.7 billion (Vietnamese) born in Vietnam lives  in Bay Area

 

 

 

Kieu Hoang was born in Vietnam and immigrated to the U.S. with his family in 1975 as the last of the American troops were pulling out of the country; he was 31. He found his way into a job at Abbott Reference Laboratories in California, and became director of the company’s blood plasma testing and manufacturing division. In 1980 he founded a company called Rare Antibody Antigen Supply and began to acquire plasma centers in the U.S. He started to collaborate with the Shanghai Blood Center in China in 1987. That led him to found Shanghai RAAS Blood Products in 1992, which supplies albumin, immunoglobulin and other blood-derived products. It trades on the Shenzhen stock exchange. He is vice chairman of Shanghai RAAS, and owns about 35% of the Shenzhen-listed company. He lives in Westlake Village in southern California. In 2014 he bought a winery and vineyards from the Mondavi Family Estate in Napa Valley, and now operates the Kieu Hoang Winery. Hoang has donated some $1 million for poverty relief in Vietnam

7. John  Kapoor   $ 3 billion (Indian) born in India lives in Phoenix

 

 

is an American billionaire pharmaceutical entrepreneur. He is the founder and executive chairman of Insys Therapeutics.[2] He also owns a large stake in the generic drugmaker Akorn.[2][3]

8. Roger Wang     $3.9 billion (Chinese) born in China lives in Los Angeles

 

 

is a Chinese-born American businessman. He serves as the Chairman and Chief Executive Officer of the Golden Eagle International Group

9. Romesh Radhwani  (Indian)  born in India lives in Bay Area, California

 

 

 

Wadhwani is Executive Chairman of Symphony Teleca Corporation, MSC Software Inc., Symphony Health Solutions Inc. and Shopzilla Inc. and is also on the Board of Information Resources Inc. Wadhwani is also the largest limited partner in each of Symphony’s private equity funds, the third of which closed recently at $870 million.

Wadhwani has been recognized by Forbes Magazine in the Forbes 400 and also in the Forbes Global 1000.[2]

Prior to Symphony, Wadhwani was the founder and former chairman and CEO of Aspect Development, Inc., from its startup in 1991 to its acquisition in 2000 by i2 Technologies for $9.3 billion. Wadhwani grew Aspect Development to become an industry leader in software, analytic and content solutions for supply chain management and optimization. Prior to Aspect, for ten years each, Wadhwani was founder, chairman and CEO of two companies, one specializing in software and solutions for computer-integrated manufacturing and the other in technology-enabled energy management solutions.

Wadhwani is on the Board of Trustees of the Kennedy Center for the Performing Arts and the Center for Strategic and International Studies, both in Washington, D.C.

10. Andrew and Peggy Cheng  (Chinese) born in China live in Los Angeles

 

Couple has made a fortune selling orange chicken, chow mein, potstickers and spring rolls, to mall shoppers, airport travelers and others who visit one of their 1,800 Panda Express quick-service outlets in the U.S., Canada and a few international outposts. Now they are looking to increase their global footprint and are also experimenting with new flavors and formats at their Pasadena, Calif. Innovation Kitchen, selling salads, wraps and build-your-own choices. The couple who emigrated from China (Andrew) and Burma (Peggy) paid $103 million in 2015 for a 4.9% stake in Golden Eagle Retail Group, a Hong Kong-listed operator of shopping malls in China. It’s a far way from Baker University in Baldwin, Kansas where they first met. She went on to get a Ph.D. in electrical engineering, he a master’s degree in applied mathematics. He got into the restaurant business first, opening a sit-down restaurant with his dad in 1973. Ten years later, she gave up her career as a software developer (3M, McDonnell Douglas) to help him, launching their first Panda Express in the second largest mall in Los Angeles County

10. Bharat Desai $2.5 billion (Indian) born in India lives in Fisher Island, Florida

 

 

 

 

Desai co-founded Syntel, with his wife Neerja Sethi, of which he is the chairman.[1]

Desai is a board member of several educational institutions, including the John F. Kennedy School of Government at Harvard University, Students in Free Enterprise (SIFE) and the Stephen M. Ross School of Business at the University of Michigan

11. Min Kao $2.5 billion ( Chinese) born in Taiwan lives in Leewood, Kansas

 

Min-Kao-Forbes-Billionaire-Net-Worth

 

Before founding Garmin, Min Kao served as a systems analyst at Teledyne Systems. Min Kao graduated from National Taiwan University with a BS degree then joined the University of Tennessee, where he earned his M.S. and Ph.D. degrees in electrical engineering and was involved in research for NASA and the U.S. Army.

In 2005 Kao gave $17.5 million to the College of Engineering of the University Of Tennessee, $12.5 million of which was designated for the construction of a new facility.[3] In May 2007, groundbreaking ceremonies were conducted for the new Min Kao Electrical Engineering and Computer Science Building. The building was dedicated in March 2012.[4]

12. Kavitark Ram Shriram      (Indian) born in Chennai, India lives in Bay Area, California

 

 

 

is a former board member of Google and one of the first investors in Google.[2][3] He earlier served as an officer of Amazon.com working for Jeff Bezos, founder & CEO. Shriram came to Amazon.com in August, 1998, when Amazon acquired Junglee, an online comparison shopping firm of which Shriram was president. Before Junglee and Amazon, Shriram was a member of the Netscape executive team, joining them in 1994, before they shipped products or posted revenue.[3]

Shriram holds a Bachelor of Science Degree from Loyola College, Chennai of the University of Madras.[4] He is a founding board member of Google and [24]7 (24/7 Customer). Shriram is also an investor in a global mobile ad network, InMobi, Search bid management tool Campanja and previously mKhoj. Shriram serves on the boards of StumbleUpon, Zazzle and Paperless Post. He owned 3.4 million shares of Google.[5] As of September 2007, Shriram owned 1.7 million shares of Google.[6]

Shriram started Sherpalo,[7][8] a venture capital firm that invests in promising new disruptive technologies, in January 2000.

13. Victor Fung $2 billion   (Chinese)

 

 

 

At present, Victor Fung is the Group Chairman of Li & Fung Group, and his brother William is the Group managing director. The business was founded by their grandfather, Fung Pak-liu, in 1906 and subsequently led by their father, Fung Hon-chu.

Fung is chairman of the Hong Kong-Japan Business Co-operation Committee and co-chair of France-based The Evian Group at IMD forum and think tank. He is also chairman (2008– ) of the International Chamber of Commerce.

He was formerly chairman of the Hong Kong Trade Development Council (1991–2000) and chairman of Airport Authority.

In 2008, Fung was appointed by Donald Tsang, the Chief Executive of Hong Kong, to be the member of “Task Force on Economic Challenges” to evaluate the situation and identify new opportunities during the financial tsunami.[3] The company laid off employees to cut costs, for which he was publicly criticised.[4] Other positions in civil and public service:

14. Manoj Bhargava  $1.5 billion (Indian)  born in India lives in Philadelphia

 

 

Manoj Bhargava is an entrepreneur, philanthropist, and founder and CEO of 5-hour Energy, a flavoured energy drink, under his company ‘Living Essential’.Bhargava’s net worth is estimated to be at $1.5 billion and it took just 8 years for Bhargava to take his company and brand towards success and conquer the market with nearly 90 percent shares. Born in Lucknow in the year 1953, Bhargava moved to West Philadelphia in 1967 accompanied by his parents.Beginning of his career, Bhargava worked as a construction laborer, construction cleaning contractor, accounting clerk, taxi driver and tried his luck in many more sectors. In the 90’s he started a consumer products company, ‘Living Essentials’, which later on came up with the well-known product “5-Hour Energy”. He was honoured with the “Newsmaker of the Year” award in 2011, by the Crain’s Detroit Business. He recently made an announcement that 90 percent of his earnings will go to charity

15. Vinod Khosla (Indian) born in India lives in Bay Area, California

 

Vinod Khosla is a business enterprise entrepreneur and influential personality in Silicon Valley, who is the co-founder of Khosla Ventures and has $1.5 billion in assets.

 

 

16. Jerry Yang (Net Worth: $2 billion)  Born in Taiwan

Image: Jerry Yang

Jerry Yang is one of the founders of Yahoo Inc. He was born in Taiwan and moved to the US when he was 10 years. He quit Yahoo in January 2009. Currently he owns a venture firm, AME Cloud Ventures.

17. Bobby Murphy   $1.8 billion born the Phillipines     lives   in Venice, California

Robert Murphy, By J. Emilio Flores

He is the co-founder of Snapchat.[1]

 

 

 

 

 

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