John Tu is an American philanthropist and
entrepreneur, the co-founder of multinational computer technology company
Kingston Technology. Born in China and raised in Taiwan, Tu studied in Germany
at the Technische Hochschule Darmstadt before moving to California where he
lives today. Before Kingston Technology was established, he started out with
Camintonn which Tu co-founded with David Sun in 1982. In 1986, they sold the
company to found Kingston Technology.
The company went through a bit of trouble in
1996, pushing Tu to sell 80% of Kingston Technology for $1.5 billion, $100
million of which were spent as bonuses for employees. This was done out of Tu’s
belief that the success of a company lies more in the positive attitude of
employees and not just the best technologies. After three years, Kingston
Technology bounced back and allowed Tu to buy back all of the company in 1999.
In 2011, Tu is recognized as the 130th richest in the US and
the 400th in the world.
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