William Wang Net Worth is$1 Billion
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Profession: Businessperson
Nationality: Taiwan
Place of Birth: Taiwan
William Wang net worth: William Wang is a Taiwanese-American entrepreneur who has a net worth of $1 billion dollars. William Wang was born in Taiwan, and grew up in Hawaii and California. He graduated from the University of Southern California with a degree in Electrical Engineering, and began working for a Chinese company that sold computer monitors. When he was in his mid-20s, he decided to start his own company. He launched MAG Innovision. His goal was to create computer monitors that were better than IBM's. He started the company with $350,000 and within six years, it was worth $600 million. As the computer market changed, he sold the company, and attempted to launch a new one, but it was a disaster. While returning from a business trip in Asia, he became one of the survivors of a deadly Singapore Airlines crash. He decided to sell all of his companies and shift his focus. He launched Vizio, Inc., a consumer electronics company in 2002, and it has since grown to nearly $3 billion in revenue.
William Wang is a Taiwanese-born American entrepreneur. He is the founder and CEO of Vizio.

Wang was born and raised in Taiwan, moved to Hawaii, United States at the age of 13 and then to California at the age of 14. He attended the University of Southern California and graduated with a degree in Electrical Engineering in 1986.
In 2000, Wang survived the crash of Singapore Airlines Flight 006, suffering only carbon monoxide poisoning. The event proved inspirational: in his potentially final moments, Wang thought first of his family and second of all the business-related headaches that were suddenly gone. The tragedy provided an opportunity for Wang to reorganize his thoughts and his life. Within two years, Wang had closed down all of his businesses before entering the television market.
In 2001, Gateway asked Wang to help put together a TV plan. Ted Waitt [Gateway???s then chairman] had been one of Wang???s customers at MAG, his former company and had become a mentor to Wang. Wang???s team helped Gateway put together its 42-inch plasma TV system, priced at $2999. Comparable systems at the time sold for upwards of $6000. Not long after that, Wang decided to get into the TV business for himself.
He started "V Inc." in 2002 with Laynie Newsome, Ken Lowe and $600,000. His idea was to combine low prices with high quality and exceptional customer support, and to make this approach profitable through extremely lean operations. He had originally wanted to name it W Inc. after being impressed with the Hotel W during a stay there, but settled for V when he learned that W had already been copyrighted. Later when V Inc. was found to be hard to pronounce, he renamed the company VIZIO Inc. ??? the name used for their plasma TV. The company is now one of the largest sellers of LCD HDTVs in North America with $2.5 billion in revenue in 2009 and a three-year growth rate of 295.12%.

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REBNY 124th Annual Banquet Echos Optimism for Investment Sales and Diversity

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Posted: January 21, 2020, 3:09 am
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