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Grizzly Bulls’ Billionaires Index

⬅ # 458 Mike Adenuga|# 460 George Kurtz ➡

# 459 Thai Lee 

$6.68B

Real Time Net Worth
as of 12/22/2024
$330 (0.00%)

# 459 Thai Lee 

$6.68B

Real Time Net Worth
as of 12/22/2024
$330 (0.00%)
OccupationCofounder and CEO, SHI International
Source of WealthIT Provider
Age66
ResidenceAustin, Texas
Marital StatusDivorced
Children2
EducationBS, Amherst College; MBA, Harvard Business School
Age-Adjusted Net Worth$4.45B
Thai Lee
Thai Lee
United States
Net worth: $6.68B

Self-Made Score 

Ternos Automatic Illuminated Analog Display with GMT Dual Time

Wealth History

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Biography

Overview

Thai Lee, born in 1958 in Bangkok, Thailand, attended Amherst College in Massachusetts, earning a double major BA in biology and economics, followed by an MBA from Harvard Business School.
She was the first Korean woman to graduate from Harvard Business School.
Lee married Leo Koguan in 1989, a co-founder of SHI, but they divorced in 2002. She has two teenage children and resides in Austin, Texas.
Thai Lee is the co-owner, CEO, and president of SHI International, reported by Forbes to be the largest woman-owned business in the US, with a reported net worth of $3 billion in 2019.

Career Highlights

Lee did stints at Procter & Gamble and American Express before joining SHI.
SHI International Corp. was founded in November 1989 by Thai Lee and Leo KoGuan.
In 2016, SHI acquired Eastridge, a Microsoft services provider.
In 2017, SHI launched AWS Support Services for public cloud and managed over $1 billion in customers' Microsoft Cloud assets.
In 2017, SHI acquired eTelligent Solutions, Inc., the maker of the cloud-based Technology Asset Management (TAM) platform.
In 2019, SHI signed a seven-year naming rights partnership with Rutgers University's football stadium, now known as SHI Stadium.

SHI International Operations

SHI has 6,000 employees across more than 35 offices worldwide.
It has amassed 17,000 customers, including companies like Boeing, Johnson & Johnson, and AT&T.
SHI operates two integration centers in New Jersey and three international integration centers.
In July 2022, SHI signed a multi-year NASPO ValuePoint Software Value-Added Reseller (SVAR) contract.
In October 2021, SHI signed a four-year contract with the Indiana Department of Administration.
In August 2020, SHI was awarded a prime contract for Army ITES-SW2, allowing procurement of software and related services for the Army.

Ownership and Recognition

SHI is owned by billionaire co-founders and former spouses Thai Lee and Leo KoGuan.
Thai Lee owns 60% of SHI while Leo KoGuan owns 40%.
SHI is recognized as the largest Minority- and Woman-Owned Business Enterprise (MWBE) in the U.S.
In 2023, SHI was named one of America's Best Midsize Employers by Forbes.
In 2020, it was included on Forbes' list of America's Best Employers for Women.

Thai Lee's Wealth is Equivalent to:

5,139,338 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

1,263,198 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

68,230 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Thai Lee?

If you started with $10,000 and invested an additional $500 each month at a 42.82% CAGR, it would take you 5 years to reach Thai Lee's net worth of $6.68B.

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 67.72% compared to 25.94% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Thai Lee 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 Thai Lee, IT Provider 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.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey