Billionaire Tesla Investor Makes Major Nvidia Purchase
Leo KoGuan, the billionaire who rose to prominence as one of Tesla Inc.'s largest individual shareholders, has revealed a significant new investment move. On Tuesday, KoGuan purchased one million shares of Nvidia Corp., the leading chipmaker at the forefront of artificial intelligence technology.
Confidence in AI's Long-Term Potential
In a post on social media platform X on Wednesday, KoGuan declared, "I am convinced AI is NOT a bubble, it is only the beginning." He followed up with a message to Bloomberg News indicating plans to buy an additional one million Nvidia shares soon, stating this would "show support to nervous market."
At Nvidia's closing price of US$180.05 on Tuesday, this initial purchase represents an investment of approximately US$180 million. According to the Bloomberg Billionaires Index, KoGuan possesses a fortune valued at US$12.8 billion.
Maintaining Tesla Holdings Despite Skepticism
Despite expressing growing skepticism toward Tesla and its CEO Elon Musk—particularly regarding a compensation package for Musk that could potentially reach US$1 trillion—KoGuan confirmed he remains heavily invested in the electric vehicle company. "I am still mostly in Tesla and treasury bills," he stated, though he declined to specify how much he has reduced his Tesla stake over recent years.
KoGuan elaborated on his view of Tesla's potential, writing on X that "Tesla's energy, cybercap and Teslabot are NOT fully priced in." He suggested that "daring investors could still buy Tesla today for the future fortune," describing the company as "the leading embodied AI on earth."
Background of the Investor
Leo KoGuan, 71, was born in Indonesia, educated in New York, and currently resides in Singapore. He built his initial wealth through SHI International Corp., an enterprise software company based in Somerset, New Jersey, which he ran with his former wife. KoGuan began acquiring Tesla stock in 2019, rapidly accumulating a substantial position through the use of stock options and multiple stake increases.
This latest investment in Nvidia underscores a strategic pivot toward artificial intelligence, reflecting KoGuan's belief in the sector's enduring growth trajectory rather than viewing it as a temporary market trend.
