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LA500 2024: John Tu

LABJ
By LABJ
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Chief Executive, Kingston Technology Corp.

Kingston Technology Corp. has been a leader in the data-storage market for decades and today employs more than 3,000 people worldwide and holds a market share above 70% in the DRAM memory market. Tu co-founded Kingston in 1987 with current chief operating officer David Sun. The pair sold 80% of Kingston to Japan’s SoftBank for $1.5 billion in 1996, then bought the company back for $450 million in 1999. Under Tu, Kingston sold its gaming division, HyperX, to HP Inc. in 2021 for $425 million. Tu had a net worth of about $12 billion last year.

YEARS ON LA500: 9

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