"Two memory-product entrepreneurs have seen their fortunes rocket this year thanks to heady demand from AI giants. David Sun, 74, and John Tu, 84, are the cofounders and 50-50 owners of Kingston Technology, a leading maker of computer drives and memory modules. Sun is the California company's operating chief, while Tu is president and CEO. The pair have seen their respective net worths soar by 44%, or nearly $14 billion, since the start of January, the Bloomberg Billionaires Index shows."
"Sun and Tu have even outpaced Jim, Alice, and Rob Walton; the heirs to the Walmart fortune were up about $13 billion each for the year at Thursday's close. The memory magnates are both worth about $45 billion, putting them in 45th and 46th place respectively on the rich list - ahead of the likes of MacKenzie Scott, SoftBank's Masayoshi Son, and Miriam Adelson."
David Sun and John Tu are cofounders and 50-50 owners of Kingston Technology, a major maker of computer drives and memory modules. Each has seen net worth increase by about 44%, or nearly $14 billion, since January. Their estimated net worths are about $45 billion apiece, placing them around 45th and 46th on global rich lists and ahead of several notable billionaires. Both emigrated to the United States in the 1970s after studying electrical engineering, founded an earlier memory company in 1982, sold and repurchased Kingston stakes in the 1990s, and benefited from an AI-driven global memory shortage as hyperscalers expanded data centers.
Read at Business Insider
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