Singapore resident, an Elon Musk superfan will get on Forbes 400 listing after going all out on Tesla inventory

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Elon Musk appears to be within the information on a regular basis, not only for his money-making talents, but in addition for his shenanigans. Effectively, a brilliant fan of his landed within the primary spot on the Forbes 400 listing simply by shopping for all of the Tesla inventory obtainable on the time.

Leo Koguan is now at quantity 112 on the wealthy listing by proudly owning greater than 22,750,000 shares of TSLA.

A Singaporean resident and a United States citizen, the divorced father of two, is the founding father of the IT agency SHI Worldwide. With a internet price of $7.2 billion, Koguan has accrued extra wealth than hedge fund billionaires George Soros and Melinda Gates.

In 2020, TSLA inventory was valued at $30, as we speak it’s price 10 instances that quantity, which is round USD$260 and $300. Those that invested in 2019 have change into millionaires, higher often called Teslanaires.

Koguan advised Bloomberg that he started buying and selling shares in 2019 and began shopping for up shares in corporations like Baidu and Nvidia. As soon as he began to lose cash, he bought these shares however stored TSLA. He stored on shopping for that and by early 2020 he had $1.5 billion. At the moment he spends all his cash investing in Tesla.

At present, Koguan owns 22.6 million shares of Tesla and 1.23 million choices, making him the corporate’s third-largest particular person shareholder after Musk himself and Oracle founder Larry Ellison, in response to Bloomberg’s Billionaires Index.

He additionally advised Forbes that he’s an “Elon’s fanboy”. He advised Bloomberg, “Any cash I’ve, I spend on Tesla”.

In response to Bloomberg, Koguan spends a portion of his wealth making donations to Chinese language universities. In late 2020, he’s stated to have paid $46 million for a Singapore penthouse owned by vacuum cleaner tycoon James Dyson.

This 12 months, Elon Musk unseated Amazon’s Jeff Bezos, who has held the highest spot for 4 consecutive years. Musk is an estimated $60.5 billion richer attributable to an 11% rise in Tesla shares.

The minimal fortune wanted to make the listing fell to $2.7 billion, down $200 million from final 12 months’s $2.9 billion.


The submit Elon Musk tremendous fan will get on Forbes 400 listing after going all out on Tesla inventory appeared first on The Unbiased World Information.

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