Mr. Hoang Kieu's path to becoming a billionaire

At the age of 5, Hoang Kieu moved to Saigon to live with his uncle, Hoang Thi Tho, who was a famous artist in Vietnam at that time. Thanks to living with his uncle, Hoang Kieu was able to study more fully and excelled in university majoring in science.

Hoang Kieu was quite handsome when he was young, when he lived with his uncle Hoang Thi.

In 1975, Hoang Kieu and his family immigrated to Los Angeles, USA to start a new life that was not easy. Here, Hoang Kieu confidently applied for jobs everywhere and with his eagerness to learn, Hoang Kieu was accepted as an employee of Abbott with a salary of only 1.25 USD/hour.

After that, with his contributions to the company, he was promoted to a supervisory position and gradually to a manager position. Finally, Hoang Kieu was promoted to director in charge of testing plasma samples. At the same time, he was certified by the US Food and Drug Administration for his standard plasma laboratory. That was a solid stepping stone for him to step into hepatitis B research.

With the motto "Don't sell your knowledge for cheap", Hoang Kieu decided to establish his own company specializing in plasma research called Rare Antibody Antigen Supply (RAAS). After that, Hoang Kieu bought many other centers and by 1985, he owned 11 famous plasma centers across the United States.

With the desire to develop further globally, Hoang Kieu chose the Chinese market that few American businesses thought of at a very precise time. That was the time when hepatitis B broke out in China, causing 300,000 people to get sick.

Seizing the opportunity, Mr. Hoang Kieu and the Shanghai Hematology Center opened the Shanghai RAAS company to provide a drug containing the main substances that make up plasma called AlbuRAAS along with other plasma-based drugs. Thanks to this drug, hepatitis B has been pushed back. Today, the demand for this product in China is increasing, and even Shanghai RAAS cannot produce enough to serve a province in China.

That is the market in China, and in the US, Hoang Kieu continues to expand into the wine production field. In November 2014, Hoang Kieu inaugurated the Michael Mondavi Family wine company and invited Li Bing Bing to be its representative face.

With those successes, billionaire Hoang Kieu currently holds a huge fortune of more than 3.8 billion USD and ranks 149th in the 400 richest billionaires in the world.

Billionaire Hoang Kieu took a photo with Ly Bang Bang. Hoang Kieu is the first businessman to cherish the dream of bringing the 2010 Miss World contest to Vietnam.

It is known that his assets mainly come from Shanghai RAAS company with revenue of 214 million USD and capitalization of 17.7 billion USD. Not only that, his company was also selected in the list of 200 best enterprises with revenue under 1 billion USD in Asia and ranked 20th in the list of the most innovative companies in the world.

Not only is he a talented businessman, Hoang Kieu is also an active philanthropist. He once set a record of auctioning 1 million USD for a bottle of Auction Napa Valley wine for charity.

This Vietnamese-American billionaire still remembers his homeland, the place where he was born and raised. Hoang Kieu often returns to Vietnam to contribute his efforts to help people reduce poverty and suffering. Billionaire Hoang Kieu once worked with the Red Cross to build 5,000 houses for the poor.

Before becoming a billionaire thanks to the Shanghai RAAS IPO in 2014, Mr. Hoang Kieu was already famous in Vietnam. He was the first businessman to dream of bringing the 2010 Miss World pageant to Vietnam.

Mr. Hoang Kieu invested tens of billions of dong to buy land in Tien Giang and planned to acquire shares of Tien Giang Tourism Company. However, billionaire Hoang Kieu quickly became disillusioned with this game and gave up because the construction of a series of projects encountered problems and the Miss World pageant was not yet licensed to move from Nha Trang to Tien Giang.

Since late 2010, Mr. Hoang Kieu has almost never been mentioned in projects in Vietnam. The main activities of this businessman after that were mainly in Shanghai.

According to Motthegioi.vn