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David Sun Networth 2020

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Facts of David Sun

Full NameDavid Sun
First NameDavid
Last NameSun
Birth NameDavid Sun
ProfessionBusinessman
NationalityAmerican
EthnicityMixed
Birth CountryTaiwan
Gender IdentityMale
Sexual OrientationStraight
HoroscopeLibra
Marital StatusMarried
SpouseDiana Sun
No Of Children2
EducationTatung University
Date of BirthOctober 21,1951
Age68 years
Networth
Year2019
Amount$5.7 billion
Currencyusd

David Sun, an American businessman got a tag of billionaire through his venture as the COO & co-founder of Kingston Technology.

His company, a privately held computer technology corporation specializes in the production of flash memories & other computer-related products. Kingston Technology generates the yearly revenue of $7 billion- $10 billion & had 68% ownership of the third-party worldwide DRAM module in 2017.

What Is David Sun's Net Worth in 2019?

David Sun has an estimated net worth of $5.7 billion, as of December 2019. His net worth was $6 billion, in 2018. Sun has racked up the majority of his aforementioned net worth from his splendid business career solely.

Co-Founded 'Kingston Technology': A Leading Billions Dollars Worth Company 

David Sun is one of the most successful businessmen in the world. He is widely recognized as a co-founder of Kingston Technology, is a multinational computer technology corporation that develops, manufactures, and sells flash memory products. 

Sun has been running the privately-held company with his long-time business partner John Tu since 1987. According to DRAMeXchange, It had approx 68% of the third-party worldwide DRAM module market share in 2017. The company is also arguably considered the second largest supplier of flash memory. 

As of Q1 2016, Kingston employs over 3,000 employees all over the world and it is headquartered in Fountain Valley, California, United States. 

Company's Way To Billion Dollars-Club: Revenue In 2017 Was $10 Billion

With sales on the company Camintonn, formerly owned by David & his partner in 1986 for $6 million, they co-founded Kingston Technology in 1987.

In late 1996, they sold 80 percent of the company to SoftBank Corporation of Japan for a total of $1.8 billion. But, they bought it back for $450 million, in 1999.

David with his business partner John Tu
Image Source: Money Inc

The same year, with revenues of $1.5 billion, Forbes listed the company as number 141 on its list of "The 500 Largest Private Companies in the U.S."

Here is the list of the annual revenue of the company.

YearRevenue 
2003$1.8 Billion 
2004$2.4 Billion 
2005$3.0 Billion 
2006$3.7 Billion 
2007$4.5 Billion 
2008$4.0 Billion 
2009$4.1 Billion 
2010$6.5 Billion 
2015$7 Billion 

Besides, Kingston invested $50 million in Elpida as well as $26 in Tera Probe, the newest and largest wafer testing company. The elite Ameican billionaire businessman established Kingston Technology as one of the largest producers of memory products in the world due to the fact for his innovative marketing strategies and loyal partnership with John. 

The company has around 4k employees throughout the world and their average annual salary is over $73,885, as of 2019. 

A Passionate Philanthropist 

David Sun has a passion for humanity who is a founder of the David and Diana Sun Foundation which contributes towards education and healthcare, predominantly in Taiwan. Established in 2001, it has given millions of dollars for the benefit of vocational schools and other programs. 

Taiwan Born David Holds American Nationality 

David Sun was born on October 21, 1951, in Taiwan. In 1973, he started studying electrical engineering at the Ta-Tung Institute of Technology. In 1977, Sun moved to the United States and landed a job at Alpha MicroSystems, an electronic component maker.

Married Life With His Wife Diana Sun

David Sun has been enjoying his successful married life with his wife Diana Sun for a long time now. The couple is blessed with two children. 

As of now, David lives in Irvine, California with his spouse and two kids. 

Updated On Thu Dec 05 2019 Published On Thu Dec 05 2019 By Simond

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