Bloomberg Billionaires Index

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#423 Barry Lam $4.48B

Random fact: Quanta manufactures a third of all laptops in the world.

Overview

Lam is the chairman and largest shareholder of Quanta Computer, the world's biggest contract manufacturer of laptops. The Taoyuan, Taiwan-based company is publicly traded and had revenue of almost $32 billion in the year to December 2015. Quanta has over 90,000 employees worldwide, according to its website.

As of July 23, 2017:
Last change +$61.6M (+1.4%)
YTD change +$858M (+23.7%)
Industry Technology
Biggest asset 2382 TT Equity
Citizenship Taiwan
Age 68
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Barry Lam's net worth of $4.48B can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Lam's fortune is derived from his 26 percent stake in publicly traded Quanta Computer. He owns the stake directly and through holding company Chien Yu Investment, which is based in Taipei, Taiwan, according to a February 2017 Taiwan stock exchange filing. Quanta Computer is the world's largest manufacturer of notebook computers, according to its website in March 2017.

The value of his cash investments are based on an analysis of dividends, insider transactions, taxes and market performance. He bought an apartment in Paris in June 2014 that was formerly owned by designer Yves Saint Laurent, according to China Times Weekly. That property is valued at its listing price.

Elton Yang, a spokesperson for Quanta, declined to comment on Lam's net worth.

Biography

Birthdate: 4/24/1949
Family: Married, 2 children
Education: National Taiwan University, Master's Degree National Taiwan University, Bachelor's Degree National Taiwan University, Doctorate Degree National Tsing Hua University, Doctorate Degree

Lam Pak Lee, commonly known as Barry Lam, was born in Shanghai in 1949. Raised in Hong Kong, he moved to Taiwan to study electrical engineering at National Taiwan University, according to a profile on the website of Hong Kong's City University. With a group of classmates in 1973, he established Kinpo, which eventually became the world's largest contract calculator manufacturer.

Lam left Kinpo with several colleagues in 1988 and started Quanta in Taipei with initial funding of $1 million. The company had revenue of NT$800 million by the end of the following year, according to its website. Quanta began trading on Taiwan's stock exchange in 1999, becoming the world's biggest laptop maker two years later.

Quanta started to expand into cloud computing in 2011, bolstering its server business that had been set up in 2000, as Lam looked to diversify from the small-margin business of laptop production.

The company moved to new headquarters south of Taipei in 2005, with space for 7,000 workers. In addition to a swimming pool and gym, the building features a performance hall, library and an art gallery that houses Lam's personal collection, said to number more than 1,000 pieces, according to City University's biography. 

The billionaire is married and has two sons. He was diagnosed with lung cancer in 2005, according to local daily Taipei Times.

Milestones
  • 1949 Lam Pak Lee is born in Shanghai.
  • 1973 Launched Kimpo with former classmates in 1973.
  • 1988 Establishes Quanta Computer in Taipei.
  • 1996 Ranked as the biggest notebook computer maker in Taiwan.
  • 1999 Quanta Computer begins trading on the Taiwan stock exchange.
  • 2005 Diagnosed with lung cancer, according to daily Taipei Times.
  • 2005 Selected to build $100 laptops for poor students.
  • 2011 Starts cloud computing division.