Leo Koguan

Last updated
Leo KoGuan
Born1955 (age 6768)[ citation needed ]
Education Columbia University
New York Law School
Known forChairman and co-founder, SHI International
Spouse Thai Lee (divorced 2002)
Children2

Leo Koguan is an Indonesian-born Chinese American businessman, investor, and philanthropist. [1] He is the chairman and co-founder of SHI International Corp and was the third-largest individual shareholder in Tesla, Inc. [2] [3]

Contents

Biography

Leo was born in Indonesia in 1955 to Chinese parents. He then moved to the United States and graduated from Columbia University's School of International and Public Affairs and New York Law School. [4] [5]

Leo co-founded SHI International Corp., an enterprise software company headquartered in Somerset, New Jersey with his ex-wife Thai Lee. [6] He also invested in luxury hotel development in Shanghai's Xintiandi district through his shares in Shui On Land. [1]

Leo is known in Mainland China for his philanthropic activities to a number of top universities. In 2008, Leo donated $30 million to Shanghai Jiao Tong University, which renamed its law school after Leo. [7] He also donated $28 million to Peking University, which named one of its law school buildings after Leo. [8] He endowed scholarships at Peking University and was named an honorary trustee. [9] [10] He was a donor to Tsinghua University, which named the new Tsinghua University Law Library after Leo. He also made a $12.5 million donation to Fudan University, which named its law building after him. [11]

Initially a retail investor, Leo picked up stock trading in 2019 and amassed a fortune through his position in Tesla. [12] He is the company's third largest individual shareholder, behind Elon Musk and Larry Ellison. [13]

Personal life

In 1989, Leo Koguan married Thai Lee, who is now the President and CEO of SHI International. They divorced in 2002. Leo lives in Singapore. In October 2020, he paid S$62m for Singapore's largest penthouse, Guoco Tower’s Wallich Residence, from British inventor and billionaire entrepreneur Sir James Dyson. [14]

As of March 2022, Leo has a net worth of $7.8 billion, according to Forbes . [15]

Related Research Articles

<span class="mw-page-title-main">Peking University</span> Public university in Beijing, China

Peking University is a public research university in Beijing, China that is funded by the Ministry of Education of China. The university was established as the Imperial University of Peking in 1898 when it received its royal charter by the Guangxu Emperor.

<span class="mw-page-title-main">Renmin University of China</span> Public research university in Beijing, China

The Renmin University of China is a national key public research university in Beijing, China. The university is affiliated with the Ministry of Education, and co-funded by the Ministry and the Beijing Municipal People's Government.

<span class="mw-page-title-main">Elon Musk</span> Business magnate (born 1971)

Elon Reeve Musk is a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of the Boring Company; co-founder of Neuralink and OpenAI; and president of the philanthropic Musk Foundation. Musk is the second-wealthiest person in the world, according to both the Bloomberg Billionaires Index and Forbes's Real Time Billionaires list as of May 2023 primarily from his ownership stakes in Tesla and SpaceX, with an estimated net worth of around $167 billion according to the Bloomberg and $176.2 billion according to the latter.

<span class="mw-page-title-main">Tesla, Inc.</span> American electric vehicle and clean energy company

Tesla, Inc. is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and, as of 2023, is the world's most valuable automaker. In 2022, the company had the most worldwide sales of battery electric vehicles, capturing 18% of the market. Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 6.5 gigawatt-hours (GWh) installed in 2022.

<span class="mw-page-title-main">Gary Gensler</span> American banker (born 1957)

Gary Gensler is an American government official and former Goldman Sachs investment banker serving as the chair of the U.S. Securities and Exchange Commission. Gensler previously led the Biden–Harris transition's Federal Reserve, Banking, and Securities Regulators agency review team. Prior to his appointment, he was professor of Practice of Global Economics and Management at the MIT Sloan School of Management.

Ding Lei, also known as William Ding, is a Chinese billionaire businessman, and the founder and CEO of NetEase (163.com).

<span class="mw-page-title-main">Han Qide</span> Chinese physician and politician

Han Qide is a Chinese physician and politician. Han is currently the chairman of the Jiusan Society and a member of the Chinese Communist Party. He was the Vice Chairman of the Standing Committee of the National People's Congress and is the Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference. He is also the president of the Chinese Society for Science and Technology.

<span class="mw-page-title-main">Kimbal Musk</span> South African entrepreneur (born 1972)

Kimbal James Musk is a South African restaurateur, chef, and entrepreneur. He owns The Kitchen Restaurant Group, a collection of "community" restaurants located in Colorado and Chicago. He is the co-founder and chairman of Big Green, a 501(c)(3) nonprofit that has built hundreds of outdoor classrooms called "Learning Gardens" in schoolyards across America. Musk is also the co-founder and chairman of Square Roots, an urban farming company growing food in hydroponic, indoor, climate controlled shipping containers. Musk currently sits on the boards of Tesla Inc. and SpaceX, both of which his brother Elon is the current CEO. He was on the board of Chipotle Mexican Grill from 2013 to 2019. He is the brother of Elon Musk and Tosca Musk, son of Errol and Maye Musk, and a major shareholder in Tesla.

<span class="mw-page-title-main">Peking University Shenzhen Graduate School</span> Branch of PKU in Shenzhen, Guangdong, China

The Peking University Shenzhen Graduate School is a public research university established as a satellite graduate school of Peking University in 2001 via a joint venture with the Shenzhen Municipal Government. It is situated inside the University Town of Shenzhen, along with the graduate schools of Tsinghua University and the Harbin Institute of Technology.

It is the postgraduate leadership program at Yenching Academy of Peking University in Beijing, China. Announced in 2014 and established in 2015, it is the first such program to launch in China. The highly selective program offers Yenching Scholarships, including tuition, accommodation, transportation, and a living stipend, to all students in the Academy. Yenching Scholars are selected annually from around the world through a competitive admission process. Unlike most graduate master's degrees in China that run two years for professional degrees and three years for academic degrees, the program lasts one year. There is also the option for Scholars to extend their studies for a second year, as well as the opportunity for Scholars to continue with doctoral studies at Peking.

<span class="mw-page-title-main">Tesla Energy</span> American solar energy generation and battery energy storage company

Tesla Energy Operations, Inc. is the clean energy division of Tesla, Inc. that develops, manufactures, sells and installs photovoltaic solar energy generation systems, battery energy storage products and other related products and services to residential, commercial and industrial customers.

This is the corporate history of Tesla, Inc., an electric vehicle manufacturer and clean energy company founded in San Carlos, California in 2001 by American entrepreneurs Martin Eberhard and Marc Tarpenning. The company is named after Croatian-American inventor Nikola Tesla. Tesla is the world's leading electric vehicle manufacturer, and, as of the end of 2021, Tesla's cumulative global vehicle sales totaled 2.3 million units.

<span class="mw-page-title-main">SHI International Corp</span>

SHI International Corp., headquartered in Somerset, New Jersey, is a privately owned provider of IT infrastructure, end-user computing, cybersecurity, and IT optimization products and services. SHI has customers in the non-profit, private, and public sectors. SHI has been counted among North America's top 15 largest providers of IT solutions. It has 6,000 employees across more than 35 offices in the United States, Canada, France, Hong Kong, Singapore, and the United Kingdom. SHI has amassed 17,000 customers, including companies such as Boeing, Johnson & Johnson and AT&T.

<span class="mw-page-title-main">KoGuan Law School</span> Chinese law school

KoGuan Law School of Shanghai Jiao Tong University is one of China's leading law schools. Among China's largest and oldest law schools, KoGuan Law is located on the Xuhui campus, in the center of China's business and financial capital, Shanghai. The school was renamed after Chinese American businessman Leo Koguan in 2008.

<span class="mw-page-title-main">Peking University Law School</span> Law school of Peking University, Beijing, China

Peking University Law School is the law school of Peking University, a public research university in Beijing, China.

Gigafactory Shanghai is the first oversea factory, located in Shanghai, China and operated by Tesla, Inc. The facility currently hosts the final assembly of the Tesla Model 3 and Tesla Model Y, with Model Y deliveries slated to begin in January 2021. The factory's initial production rate target is 3,000 cars a week, eventually ramping up to 250,000 electric cars per year. However it tripled the original capacity less than 3 years. The first assembled Model 3s were delivered in December 2019, just twelve months after Tesla began site grading on the Gigafactory in December 2018.

<span class="mw-page-title-main">PlainSite</span> Website dedicated to legal data transparency advocacy

PlainSite is a US based website dedicated to legal data transparency advocacy developed in conjunction by Think Computer Corporation and the charitable organization Think Computer Foundation. PlainSite provides both free and paid access to legal documents and information about the US legal system on a variety of subjects and caselaw. The website previously collected legal documents via the Free Law Project's RECAP archive until the archive adopted a fee-based approach.

<span class="mw-page-title-main">Criticism of Tesla, Inc.</span> Systemic criticism of Tesla, Inc. and its products and leadership

Tesla, Inc. has been criticized for its cars, workplace culture, business practices, and occupational safety. Many of the criticisms are also directed toward Elon Musk, the company's CEO and Product Architect. Critics have also accused Tesla of deceptive marketing, unfulfilled promises, and fraud. The company is currently facing criminal and civil investigations into its self-driving claims. Critics have highlighted Tesla's downplaying of issues, and Tesla's alleged retaliation against several whistleblowers.

Ge Li is a Chinese American entrepreneur and philanthropist. He is the founder and chairman of WuXi AppTec, a contract pharmaceutical research firm.

Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter's board initially responded with a "poison pill" strategy to resist a hostile takeover, before unanimously accepting Musk's buyout offer of $44 billion on April 25. Musk stated that he planned to introduce new features to the platform, make its algorithms open-source, combat spambot accounts, and promote free speech.

References

  1. 1 2 Areddy, James T. (2009-04-30). "Shanghai Eyes Buyout of Stalled Project". Wall Street Journal. ISSN   0099-9660 . Retrieved 2022-03-27.
  2. "Is Elon Musk fan Leo Koguan really Tesla's third-biggest shareholder?". South China Morning Post. 2021-11-09. Retrieved 2022-03-27.
  3. "Bloomberg Billionaires Index". Bloomberg.com. Retrieved 2022-03-27.
  4. Melin, Anders (October 29, 2021). "Tesla's Hidden Billionaire: How a Retail Trader Made $7 Billion". Bloomberg. Retrieved March 27, 2022.
  5. "Leo KoGuan(廖凯原)_Peking University Law School". en.law.pku.edu.cn. Retrieved 2022-03-27.
  6. "The Hundred-Year Plan | 2016: Winter | Amherst College". www.amherst.edu. Retrieved 2022-03-27.
  7. "KOGUAN SCHOOL OF LAW,SHANGHAI JIAO TONG UNIVERSITY". en.law.sjtu.edu.cn. Retrieved 2022-03-27.
  8. "Leo KoGuan Building of PKU Law School Inaugurated". newsen.pku.edu.cn. Retrieved 2022-03-27.
  9. Liao, Sharon (2019-11-21). "Prof. Leo KoGuan Visits Peking University and Meets with Leo KoGuan Scholarship Recipients". Peking University Education Foundation (USA). Retrieved 2022-03-27.
  10. "Honorary Trustee Leo KoGuan speaks at PKU". newsen.pku.edu.cn. Retrieved 2022-03-27.
  11. "Warm Welcome to the New Students of the Chinese Business Law Program". law.fudan.edu.cn. Retrieved 2022-03-27.
  12. Hyatt, John. "Elon Musk's "Fanboy" Bet Nearly Everything On Tesla—And Made Billions". Forbes. Retrieved 2022-03-27.
  13. Fox, Matthew. "A retail investor amassed a $7 billion stake in Tesla stock after the EV maker nearly wiped him out". Markets Insider. Retrieved 2022-03-27.
  14. "British billionaire Dyson sells Singapore's priciest penthouse". Reuters. 2020-10-19. Retrieved 2022-03-27.
  15. "Leo Koguan". Forbes. Retrieved 2022-03-27.