⬅ # 163 Huang Shilin|# 165 Dang Yanbao

# 164 Barry Lam 

$12.3B

Real Time Net Worth
as of 4/12/2024
-$455.3M (-3.69%)

# 164 Barry Lam 

$12.3B

Real Time Net Worth
as of 4/12/2024
-$455.3M (-3.69%)
Source of WealthElectronics
Age74
ResidenceTaipei, Taiwan
Marital StatusMarried
Children2
EducationBS, National Taiwan University
Age-Adjusted Net Worth$4.79B
Barry Lam
Barry Lam
Taiwan
Net worth: $12.3B

Self-Made Score 

Wealth History

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Biography

Early Life

Barry Lam (Chinese: 林百里; pinyin: Lín Bǎilǐ) was born on April 24, 1949, in Shanghai and raised in Hong Kong.
He moved to Hong Kong after China's revolution in 1949 and later made his home in Taiwan.
Lam's father was an accountant for the Hong Kong Club.
He studied engineering at National Taiwan University, earning bachelor's and master's degrees in electrical engineering.

Career Founding Quanta

In 1973, Lam co-founded Kinpo Electronics, a manufacturer of handheld calculators, which became the largest contract manufacturer of calculators under his presidency.
In 1988, Lam left Kinpo and founded Quanta Computer, driven by his belief that notebook computers would be the next major product.
Quanta Computer, established with colleague C. C. Leung and less than US$900,000 in capital, achieved a turnover of NT$777 billion in 2007.

Quanta Computer Success

Quanta Computer was included in Fortune Global 500 Companies in 2006 and ranked 15th in Forbes' list of the world's most admired computer companies in 2007.
The company designs and manufactures products for major clients including Apple Inc., Compaq, Dell, Gateway, BlackBerry Ltd., Hewlett-Packard, and more.
Quanta is the largest manufacturer of PC notebooks worldwide and has diversified into servers, storage, and liquid-crystal display terminals.

Innovative Projects

Lam established the Quanta Research and Development Center, collaborating on projects with MIT, National Taiwan University, and Academia Sinica for next-generation products.
In 2005, Lam and Quanta partnered with MIT on Project T-Party, a five-year initiative to create innovative computing and communication platforms.

One Laptop Per Child

Lam decided that Quanta would be the original design manufacturer (ODM) for the OLPC XO-1 by the One Laptop per Child project.
Quanta took orders for one million laptops as of 2007-02-15.

How long would it take you to become as rich as Barry Lam?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Barry Lam's net worth of $12.3B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Barry Lam is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Barry Lam, Electronics is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey