Here are America’s Richest Immigrants in 2020

America's Richest Immigrant in 2018
American dream

Forbes recently published its annual list of billionaires for 2020. For the third time, I’ve painstakingly gone through the billionaire list to figure out which ones are immigrants based on information that I’ve gathered from the web.

“But why should we follow these super-rich guys we have no chance of replicating?” you might ask.

Immigrant billionaires, in particular, are the epitome of the American Dream. They came to the country with nothing except their hopes and dreams and ended up with everything. They serve as a reminder, we don’t have to be born into privilege to become successful. This way, we don’t sit on our laurels waiting to get stimulated by a government stimulus package.

Follow a rock star or other celebrities in the entertainment industry, and you become just a fan, or worse, a groupie. If you follow a billionaire, study their traits, and make a plan that you can put into action. Guess what? You become a millionaire!

Winners, losers, and other highlights

Micky Arison
Micky Arison

As you probably already know, the U.S. stock market gained an exceptional 28% last year, but the gains quickly dwindled because of the coronavirus pandemic.

The biggest losers in my list are Rupert Murdoch and Micky Arison, who lost over $4 billion each while the biggest winner is Elon Musk, who gained a whooping $16 billion compared to last year.

Arison is the owner of the Carnival Cruise Line and Miami Heat NBA basketball team— both non-essential businesses (unless you’re in the business of getting the virus). Not only did he lost 29% of his net worth, he also lost his spot on my “highly-coveted” top-ten immigrant billionaire list!

Here are the richest immigrants as of this writing.

George Soros, Hungary, $8.3 billion

George Soros

Tenth on my list is Budapest-born hedge-fund manager George Soros, 89. He was born into a well-off Jewish family, only to end up emigrating to England in 1947 to escape Nazi Germany’s occupation of Hungary.

In 1956, Soros moved to New York City, where he worked as an arbitrage trader. That career enabled him to amass half a million dollars enough to start his first hedge fund.

He is well-known as “The Man Who Broke the Bank of England” after shorting selling $10 billion worth of British Pounds.

Had he not given away $32 billion of his personal fortune towards his philanthropic efforts, he would have easily ended up first in the list!

Shahid Khan, Pakistan, $9.5 billion

Shahid Khan

Ninth on my list is Pakistan-born Shahid Khan, 69. This newcomer is the CEO and owner of Flex-N-Gate, an American automobile OEM manufacturer. He’s also the owner of the Jacksonville Jaguars football team.

He moved to the States in 1967 at age 16, alone, to study at the University of Illinois, staying at a $2/night room at the school’s YMCA. His first job was washing dishes for $1.20 an hour.

Khan worked at the automotive manufacturing company Flex-N-Gate Corporation while attending the university and became its engineering director shortly after graduation.

In 1978, he started Bumper Works, which made car bumpers for customized pickup trucks and body shop repairs using a $50,000 small business loan and $16,000 of his own savings.

Two years later, he bought Flex-N-Gate from his former employer, bringing Bumper Works into the fold. By 1989, his company became the sole supplier of bumpers and other components for Toyota, and eventually, other automakers in the United States.

Sun Hongbin, China,  $9.6 billion

Sun Hongbin

Eight is Chinese-born engineer Sun Hongbin, 57. This newcomer was born in the Shanxi province of China. He obtained a master’s degree in engineering from Tsinghua University.

Very little information written in English that can be found about his early life. And how Hongbin became an American citizen (or why he’s maintaining his citizenship); other than he attended a six-week advanced management program at Harvard.

In 1992, he was jailed in China following an embezzlement conviction which was later overturned. I’m sure this experience was more educational than that six-week stint at Harvard.

Hongbin is the founder and chairman of Sunac China Holdings, one of the largest real-estate companies in China.

Jan Koum, Ukraine, $10 billion

Jan Koum

Seventh is Ukraine-born ex-janitor of a grocery store— probably explains why he’s wearing a T-shirt in this picture.

Jan Koum, 44, is now the CEO and co-founder of WhatsApp, a mobile messaging application. The company was acquired by Facebook in 2014 for $19.3 billion.

He was born in Kiev (then part of the Soviet Union). He moved with his mother and grandmother to Mountain View, California in 1992, where they were living in government-assisted housing and collecting food stamps.

Koum started working as an infrastructure engineer at Yahoo in 1997 while still attending Computer Science classes, but eventually dropped out. He worked there for nine years prior to founding the company.

Pierre Omidyar, France, $12.6 billion

Pierre Omidyar

Sixth on the list is Pierre Omidyar, 52. The Paris-born son of Iranian immigrant parents who had been sent to France by their parents for college.

His father, a urologist, moved to the United States when Omidyar was a child. He later acquired a degree in Computer Science.

He co-founded Ink Development in 1991, a pen-based computing startup that later was rebranded as an e-commerce company and renamed eShop, which was later acquired by Microsoft.

In 1995, he started writing the code for an online venue to enable the listing of a direct person-to-person auction for collectible items. That project later evolved as the popular auction site we know today as eBay.

Rupert Murdoch, Australia, $16.3 billion

Rupert Murdoch

Fifth is the Melbourne-born media magnate, Rupert Murdoch, 89. His father was a famous war correspondent, and later a regional newspaper magnate owning two popular newspapers.

Murdoch inherited his father’s papers and continued to purchase other media outlets over the years. In the 1970s, he started buying American newspapers. He founded News Corporation, a multi-national mass media empire, in 1979.

In 1985, Murdoch branched out into the entertainment industry with the purchase of 20th Century Fox Film Corporation, which he recently sold much of the stake to the Walt Disney Company. The media empire was later renamed to 21st Century Fox in 2013. He continues to serve as the Executive Chairman.

Thomas Peterffy, Hungary, $16.6 billion

Thomas Peterffy

Fourth on the richest list is a Budapest-born digital trading pioneer, Thomas Peterffy, 76.  He came to America in 1965, at age 21, penniless and unable to speak English. He defied the odds to start a career in the United States as an architectural draftsman and later as a computer programmer.

Peterffy purchased a seat on the American Stock Exchange (AMEX) in 1977, where he developed computerized equity trading models. He revolutionized the stock exchange industry by using a hand-held computer to trade equity options.

He is the CEO and founder of Interactive Brokers, a company that markets specialized trading platform to sophisticated investors.

Len Blavatnik, Ukraine, $18.2 billion

Len Blavatnik

Third on my list is another Ukraine-born British-American investor Len Blavatnik, 62. His family immigrated to the United States in 1978. He received a masters in computer science from Columbia University and an MBA from Harvard Business School in 1989.

He founded Access Industries, an international conglomerate company located in New York in 1986. The company’s diversified portfolio to include investments in industries such as oil, entertainment, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate.

Blavatnik now lives next to the Kensington Palace in London while maintaining his U.S. citizenship.

Elon Musk, South Africa, $38.4 billion

Elon Musk

Second is a South African-born serial entrepreneur Elon Musk, 48. Musk taught himself computer programming at the age of 12. He moved to Canada when he was 17, and later to the United States to pursue degrees in physics and economics.

In 1995, he co-founded Zip2, which was sold to Compaq. Musk later founded in 1999, which later became PayPal. He founded two other companies: SpaceX in 2002 and Tesla Motors in 2003. He started three other technology companies since 2015. One of them is Neuralink, which aims to integrate the human brain with artificial intelligence.

Musk is probably the most ambitious among the billionaires on this list– one of his goals is to reduce the “risk of human extinction” by establishing a colony on Mars.

Sergey Brin, Russia, $56.3 billion

Sergey Brin

Musk may be closing-in, but Russian-born Sergey Brin, 46, is still the richest immigrant on the list for a third year in a row. He immigrated with his family, at age six, to the United States to escape Jewish persecution.

Brin was a Ph.D. student at Stanford University when he met Larry Page. The two created a search engine, Google, that would sort web pages based on popularity. It has since then become the most popular search engine in the world.

He currently serves as the president of Alphabet, the public holding company that owns Google, Inc.

The complete list

Rank Name Country of Origin Net Worth (Billions) Source#546 Forbes Rank
1 Sergey Brin Russia $56.3 Google #13
2 Elon Musk South Africa $38.4 Tesla Motors #23
3 Len Blavatnik Ukraine $18.2 diversified #59
4 Thomas Peterffy Hungary $16.6 discount brokerage #65
5 Rupert Murdoch Australia $16.3 newspapers, TV network #68
6 Pierre Omidyar France $12.6 eBay #115
7 Jan Koum Ukraine $10 WhatsApp #154
8 Sun Hongbin China $9.6 real estate #162
9 Shahid Khan Pakistan $9.5 auto parts #163
10 George Soros Hungary $8.3 hedge funds #190
11 Patrick Soon-Shiong South Africa $6.8 pharmaceuticals #261
14 Jensen Huang Taiwan $6.7 semiconductors #262
13 Li Ge Taiwan $5.7 medical supplies #329
12 Micky Arison Israel $5.4 Carnival Cruises #353
15 David Sun Taiwan $4.9 computer hardware #395
15 John Tu China $4.9 computer hardware #396
14 Dagmar Dolby Germany $4 Dolby Laboratories #550
15 Lin Bin China $3.7 consumer electronics #546
15 Min Kao Taiwan $3.7 navigation equipment #617
14 Roger Wang China $3.6 real estate #609
16 Romesh T. Wadhwani India $3.4 software #665
17 John Catsimatidis Greece $3.3 oil, real estate #681
22 Andrew & Peggy Cherng China $3 restaurants #763
25 Thai Lee Thailand $3 IT provider #764
21 Haim Saban Israel $2.8 TV network, investments #830
20 Rakesh Gangwal India $2.5 airline #921
25 Kavitark Ram Shriram India $2.2 venture capital, Google #1061
24 Brian Sheth India $2.2 investments #1068
25 Vinod Khosla India $2.2 venture capital #1088
23 Aneel Bhusri India $2 business software #1178
29 Evgeny (Eugene) Shvidler Russia $1.6 oil & gas, investments #1444
27 Valentin Gapontsev Russia $1.6 lasers #1495
28 Nicolas Berggruen France $1.60 investments #1483
30 Bharat Desai Kenya $1.40 IT consulting #1678
32 Eren Ozmen Turkey $1.4 aerospace #1667
32 Fatih Ozmen Turkey $1.4 aerospace #1667
30 Fayez Sarofim Egypt $1.3 money management #1737
31 Alexander Rovt Ukraine $1.30 fertilizer, real estate #1806
26 Niraj Shah India $1.2 online retail #1859
32 Jayshree Ullal United Kingdom $1.1 technology #1969
No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Spilled milk
Don’t Cry Over Spilled Milk, Be Thankful For What You Have

Do you often wonder what your life would be if it spun the other direction? What if those failures suddenly become successes? If you think that you’d automatically become the highly successful person you’ve always aspired for, you’re absolutely mistaken.

Richest Immigrant is Elon Musk
American dream
Here are America’s Richest Immigrants in 2021

Forbes has yet to release its annual list of billionaires for 2021, but I’m not relying on an outdated list this time. Instead, I’m publishing my highly coveted immigrant billionaire list based on last weekend’s closing prices. “But why should we admire these super-rich guys we have no chance of …

American dream
What 20 Years in America has Taught Me About Money

Today is my 20th anniversary living in America— the land of milk and honey. The place where pretty much anything that I’m accustomed to seeing is bigger. Bigger houses, bigger cars, bigger TVs., bigger you name it. I can vividly remember what my reaction was

%d bloggers like this: