Intel CEO’s ‘amazing story’ has helped make him a billionaire
Days after calling for the firing of Intel Corp’s CEO, president Donald Trump changed his mind following a “very interesting” meeting with the executive. “His success and rise is an amazing story,” Trump wrote in a Truth Social post on Monday.
It’s a story that’s also made Lip-Bu Tan amazingly rich.
The 65-year-old technology and venture capital industry veteran has amassed a fortune worth at least US$1.1 billion, according to the Bloomberg Billionaires Index, which is calculating Tan’s net worth for the first time.
The bulk of his fortune stems from Cadence Design Systems Inc., a maker of chip design tools where Tan was chief executive officer for 12 years before joining Intel. He has sold shares worth more than US$575 million in the San Jose, California-based company, and still holds a US$500 million position, according to…
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