Bloomberg Billionaires Index

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# 249 Leo Koguan $8.30B

Random fact: His wealth roadmap: stick to a single stock, keep doubling down.

Overview

Leo KoGuan is the third-largest known individual shareholder in Tesla, the world's most valuable carmaker. He's also a founder and chairman of SHI International, an enterprise software provider. The Somerset, New Jersey-based company is closely held and had revenue of more than $12 billion in 2021.

As of :
Last change -$264M ( -3.1%)
YTD change -$2.41B ( -22.5%)
Biggest asset TSLA US Equity
Country / Region United States
Age 67
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Leo Koguan's net worth of $8.30B can buy ...

0
troy ounces of gold
0
barrels of crude oil

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

Latest News

Net Worth Summary

Cash
Private asset
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Misc. liabilities
Confidence rating:

The majority of KoGuan's fortune is derived from his stake in Tesla, the electric carmaker. KoGuan owned about 6.3 million shares of Tesla Inc. and 1.8 million options as of Sept. 24, 2021, according to bank records reviewed by Bloomberg News.

He also owns a stake in SHI International, a closely held provider of technology products and services. SHI International had more than $12 billion of revenue in 2021, according to the company's website. KoGuan owns 40% of the company, according to a company spokesperson.

Biography

Birthdate: 2/15/1955
Family: Unmarried, No children
Education: New York Law School, Columbia University

KoGuan was born in Indonesia, the son of Chinese parents. He later moved to the U.S. and received degrees in international affairs from Columbia University and law from New York Law School.

In 1989, he bought steeply discounted assets from a bankrupt software supplier called Lautek that was based in Somerset, New Jersey. The assets, which came from a Lautek division called Software House, became the basis for SHI International. KoGuan ran the company with his then-wife, Thai Lee, who was the first Korean-American woman to enter Harvard Business School. The two had married in 1989 and divorced in 2002.

By 2000, KoGuan had stepped away from the day-to-day operations of SHI, which at that point had annual revenue in excess of $1 billion. He remains the company's chairman and holds a 40% stake. Lee, who is chief executive officer, controls the remainder. She's said publicly that SHI never has sold shares to outsiders or taken on debt. It had $11.1 billion in revenue in 2020.

Little is known about KoGuan's life over the past two decades. In the late aughts he was involved in the development of luxury hotels in Shanghai. By then he'd also begun a years-long series of donations to a handful of Chinese universities including Peking University and Shanghai Jiao Tong University. Via his charitable foundation, he's written extensively about the need to preserve Chinese culture and warned that China wouldn't be best served by turning into a Western-style market economy.

In about 2018, Koguan made investments is several stocks including Baidu and Nvidia before selling off most holdings and concentrating on his investment in Tesla, the electric vehicle maker. By 2021, he'd become the company's third-largest known individual shareholder.

Milestones
  • 1989 Co-founds SHI International.
  • 2000 Revenue at SHI International exceeds $1 billion.
  • 2010 Opens an office in France.
  • 2013 Annual sales at SHI International top $5 billion.