Colin Huang, 44, has risen to become one of the world’s richest people, with a net worth of $51.1 billion as of August 16, 2023, according to the Bloomberg Billionaires Index. This puts him at number 23 on the global rich list.
Huang started his career with internships at Microsoft before earning a master’s degree in computer science from the University of Wisconsin-Madison in 2004. After graduating, he joined Google as a software engineer and quickly moved up to a product manager position.
His major breakthrough came with the launch of Temu, an e-commerce marketplace where sellers, mostly from China, offer a wide range of products. These include fast fashion, makeup, electronics, and homeware, available through Temu’s website and app.
Temu operates by allowing third-party sellers to list and sell their products directly to consumers, a model that has driven its rapid success. Huang’s journey from tech worker to billionaire entrepreneur highlights his sharp business acumen and has firmly established him among the world’s wealthiest.
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