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# 498 Barry Lam $4.43B

Random fact: Headquarters is equipped with a performance hall and art gallery.

Overview

Lam is the chairman and largest shareholder of Quanta Computer, the world's biggest contract manufacturer of laptop computers. The Taoyuan, Taiwan-based company is publicly traded and reported revenue of NT$1 trillion ($34 billion) in 2018. Quanta has manufacturing sites in the Americas, Europe and Asia.

As of :
Last change -$61.7M ( -1.4%)
YTD change -$73.6M ( -1.6%)
Industry Technology
Biggest asset Cash
Citizenship Taiwan
Age 70
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Barry Lam's net worth of $4.43B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lam's fortune is derived from a 26% stake in publicly traded Quanta Computer, notebook computer maker in Taiwan, according to a November 2019 filing on the Taiwan Stock Exchange website.

He owns the stake directly, through family members and holding company Chien Yu Investment. Chien Yu's ownership breakdown isn't disclosed and he's credited with owning all of it because he's listed as chairman and controlling shareholder.

The value of his cash investments is based on an analysis of dividends, insider transactions, taxes and market performance.

Elton Yang, a spokesperson for Quanta, declined to comment on Lam's net worth.

Biography

Birthdate: 4/24/1949
Family: Married, 2 children
Education: National Tsing Hua University, National Taiwan University, National Taiwan University, National Taiwan University

Lam Pak Lee, commonly known as Barry Lam, was born in Shanghai in 1949. Raised in Hong Kong, he moved to Taiwan to study electrical engineering at National Taiwan University, according to a profile on the website of Hong Kong's City University. With a group of classmates in 1973, he established Kinpo, which eventually became the world's largest contract calculator manufacturer.

Lam left Kinpo with several colleagues in 1988 and started Quanta in Taipei with initial funding of $1 million. The company had revenue of NT$800 million by the end of the following year, according to its website. Quanta began trading on Taiwan's stock exchange in 1999, becoming the world's biggest laptop maker two years later.

Quanta started to expand into cloud computing in 2011, bolstering its server business that had been set up in 2000, as Lam looked to diversify from the small-margin business of laptop production.

The company moved to new headquarters south of Taipei in 2005, with space for 7,000 workers. In addition to a swimming pool and gym, the building features a performance hall, library and an art gallery that houses Lam's personal collection, said to number more than 1,000 pieces, according to City University's biography. 

The billionaire is married and has two sons. He was diagnosed with lung cancer in 2005, according to local daily Taipei Times.

Milestones
  • 1949 Lam Pak Lee is born in Shanghai.
  • 1973 Launched Kimpo with former classmates in 1973.
  • 1988 Establishes Quanta Computer in Taipei.
  • 1996 Ranked as the biggest notebook computer maker in Taiwan.
  • 1999 Quanta Computer begins trading on the Taiwan stock exchange.
  • 2005 Diagnosed with lung cancer, according to daily Taipei Times.
  • 2005 Selected to build $100 laptops for poor students.
  • 2011 Starts cloud computing division.