John Tu

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John Tu (Chinese: 杜紀川; pinyin: Dù Jìchuān; born August 12, 1941) is a Taiwanese-American billionaire business executive and philanthropist. He is the co-founder and chief executive officer (CEO) of the digital storage corporation Kingston Technology, which he established with David Sun in 1987. Born in Chongqing, China, Tu was raised in Taiwan, studied electrical engineering in West Germany, and immigrated to the U.S. in 1971. He co-founded the computer memory company Camintonn with Sun in 1982, selling it to AST Research for $6 million in 1986. Following substantial financial losses in the 1987 stock market crash, the two founded Kingston Technology, which became a major manufacturer of computer memory products. In 1996, they sold an 80 percent stake in Kingston to the Japanese conglomerate SoftBank for $1.5 billion, before repurchasing it for $450 million in 1999. The two attracted national attention for distributing $100 million from the sale proceeds to Kingston employees as bonuses...

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