Camping and Glamping Boom Makes Ex-Money Manager a Billionaire
Oscar Tang has seen his wealth surge as Americans embraced the outdoors during Covid, and then again as rising travel costs bite.
A KOA campground in Willcox, Arizona.
Source: KOAThis article is for subscribers only.
Oscar Tang became a billionaire one campfire at a time.
From Maine to Arizona, Florida to California, Tang’s fortune surged during the Covid-19 pandemic as Americans reconnected with the great outdoors in an era of social distancing, boosting revenue at his Kampgrounds of America. The Billings, Montana-based company, which the China native bought in 1980 when he was still a Wall Street financier, said revenue has continued to grow by double digits this year after surging by 46% in 2021.