BillionaireNet
Kang
Michele Kang
Rank #2917
UNITED STATESHealthcareHealthcare IT

Michele Kang

Net Worth
$1.155B
0% (24h)
Michele Kang is a highly successful American businesswoman, investor, and philanthropist, with an estimated net worth of $1.2 billion. Kang is recognized for her groundbreaking contributions to women's sports, specifically in professional soccer and health information technology. She is the founder of Cognosante, a healthcare IT company that she sold to Accenture in 2024. Kang is the majority owner of the Washington Spirit, OL Lyonnes, and London City Lionesses. Her career and achievements highlight a commitment to challenging the status quo, creating equal opportunities, and proving that women's sports can be good business.

The Full Dossier

Early Life

Yongmee Michele Kang, born on June 1, 1959, in Seoul, South Korea. Kang's upbringing in Seoul instilled in her a strong work ethic and a desire to challenge the status quo. Recognizing limited opportunities for women in South Korea, she moved to the United States to pursue higher education. She studied at Ewha Womans University before attending the University of Chicago, where she earned a bachelor's degree in economics, and later received a master's degree in public and private management from the Yale School of Management.

Rise to Success

Kang's career began as a management consultant, advising companies on technology innovation. She held senior executive positions, including Vice President of Northrop Grumman's Health Solutions division, where she quadrupled the division's revenue. In 2008, she founded Cognosante, a health IT company that became a trusted provider for federal health, military, and intelligence agencies. Cognosante was sold to Accenture Federal Services in May 2024. In 2022, Kang became the first woman of color to own a team in the National Women's Soccer League, acquiring the Washington Spirit. She expanded her influence in women's soccer, becoming majority owner of OL Lyonnes and London City Lionesses. In 2024, Kang launched Kynisca Sports International, the first global multi-team organization dedicated to professionalizing women's football.

Key Business Strategies

Kang's success stems from a strategic, outcome-oriented approach and her ability to recognize and seize opportunities. She focused on leveraging technology to improve the U.S. healthcare system. Her vision in women's soccer is focused on creating a global platform, putting female athletes first, and proving the commercial viability of women's sports.

Philanthropy

Michele Kang is deeply committed to philanthropy, supporting American veterans and the arts. She has served on numerous boards, including the Washington National Opera, the Blair House Foundation, and the American Red Cross. Since 2024, she has invested millions in women's sports through donations and initiatives. In 2025, she launched the Kang Women's Institute in partnership with the Soccer Forward foundation of the United States Soccer Federation.

Career Timeline

2025

President of Olympique Lyonnais

Became the President of Olympique Lyonnais

2024

Sold Cognosante to Accenture

Sold Cognosante to Accenture Federal Services.

2024

Launched Kynisca Sports International

Founded Kynisca Sports International, a multi-team organization focused on professionalizing women's football.

2023

Purchased London City Lionesses

Acquired the London City Lionesses.

2023

Acquired OL Lyonnes

Became the majority owner of OL Lyonnes (Olympique Lyonnais Féminin).

2022

Majority Owner, Washington Spirit

Became the majority owner of the Washington Spirit, the first woman of color to own a National Women's Soccer League team.

2020

Joined the Washington Spirit ownership group

Became involved in women's soccer by joining the ownership group of the Washington Spirit.

2008

Founder of Cognosante

Founded Cognosante, a health IT company.

2000

Vice President of e-Business Unit

Joined Northrop Grumman and became the Vice President of the e-Business unit.

Philanthropic Impact

Sports$55M

U.S. Soccer

Committed investments and donations to U.S. Soccer over several years for player development, coaching pathways and leadership opportunities.

Sports$4M

USA Women's Rugby Sevens team

Committed to support the USA Women's Rugby Sevens team to help them prepare for the 2028 Olympics.

Sports$25M

Kynisca Sports International

Launched the Kynisca Innovation Hub dedicated to unlocking the potential of female athletes.

Wealth Trajectory