⬅ # 138 Leon Black|# 140 Christy Walton

# 139 David Sun 

$14.5B

Real Time Net Worth
as of 5/29/2024
$37.6M (0.26%)

# 139 David Sun 

$14.5B

Real Time Net Worth
as of 5/29/2024
$37.6M (0.26%)
OccupationCOO, Kingston Technology
Source of WealthComputer Hardware
Age72
ResidenceIrvine, California
Marital StatusMarried
Children2
EducationBachelor of Engineering, Tatung University
Age-Adjusted Net Worth$6.43B
David Sun
David Sun
United States
Net worth: $14.5B

Self-Made Score 

Wealth History

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Biography

Early Life and Immigration

David Sun and his wife, Diana, immigrated from Taiwan to America in 1977, seeking new opportunities.
They settled in Orange County, where they raised their two children over the past 40 years.

Entrepreneurial Journey

In 1987, David Sun co-founded Kingston Technology, specializing in computer memory products.
The company, headquartered in Fountain Valley, California, grew to become the world's largest independent manufacturer of computer memory products.

Foundation and Philanthropy

In 1999, David and Diana Sun established the Sun Family Foundation with the goal of giving back to the communities that supported them.
The foundation focuses on providing grants to education programs for under-served youth in both the U.S. and Taiwan.

Business Origins and Challenges

David Sun, along with partner John Tu, started a computer memory business out of a garage.
The initial setback in the stock market led them to start Kingston by producing surface-mount memory chips.

Company Details

Kingston Technology operates globally with manufacturing facilities and offices across the world.
The company's name, Kingston, is derived from one of John Tu's favorite bands, the Kingston Trio.

How long would it take you to become as rich as David Sun?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach David Sun's net worth of $14.5B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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David Sun 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 David Sun, Computer Hardware 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