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Rank #2513
SINGAPOREtechnologySemiconductors

Teo Swee Ann

Net Worth
$1.451B
-2.8% (24h)
Teo Swee Ann, a prominent figure in the technology industry, is the founder and CEO of Espressif Systems, a Shanghai-listed semiconductor firm. His estimated net worth stands at $1.46 billion as of December 2024. His primary wealth source is the semiconductor industry, specifically through his company's success in designing and manufacturing microchips. Teo, 50, has built a successful career by focusing on cutting-edge Wi-Fi and Bluetooth solutions, establishing a significant presence in the Internet of Things (IoT) market. He is known for his hands-on approach, actively involved in engineering and design, and has earned recognition as a leader in the industry, including being listed among Forbes' Singapore's 50 Richest.

The Full Dossier

Early Life

Born on September 1, 1975, Teo Swee Ann is a Singaporean entrepreneur with a deep-rooted interest in engineering from a young age. He displayed an early fascination with technology, taking apart and understanding how things worked. This curiosity led him to pursue electrical engineering, where he combined his interests in systems and mathematics. His educational journey included a Bachelor of Science from École Nationale Supérieure des Arts Décoratifs and a Master's in Electrical Engineering from the National University of Singapore.

Rise to Success

Teo's career began with roles at U.S. chipmakers Transilica and Marvell Technology Group, and China's Montage Technology. These experiences provided him with a solid foundation before he founded Espressif Systems in 2008. Espressif focused on developing innovative Wi-Fi and Bluetooth solutions, with flagship products like the ESP32 chips powering various devices. The company's success led to an IPO in 2019, which valued the company at $716 million. The stock's performance since the IPO has significantly increased Teo's net worth, solidifying his position among Singapore's wealthiest individuals.

Key Business Strategies

Teo's approach to business is characterized by a commitment to innovation, a hands-on leadership style, and an emphasis on building a comprehensive ecosystem for IoT developers. He is known for working closely with his engineering team and actively participating in the technical aspects of the business. Espressif's focus on open-source software has been a key strategy, fostering a community and driving further adoption of their products.

Philanthropy

While specific philanthropic amounts were not available, Teo Swee Ann is recognized for his contributions and involvement in the community. Further details on his philanthropic initiatives are sought to provide a more complete picture of his contributions.

Career Timeline

2022

Outstanding Overseas Executive Of The Year

Named Outstanding Overseas Executive Of The Year at the Singapore Business Awards.

2021

Forbes' Singapore's 50 Richest

Listed among Forbes' Singapore's 50 Richest with a net worth of $1.55 billion.

2019

Espressif IPO

Espressif Systems went public, valuing the company at $716 million.

2008

Founder and CEO of Espressif Systems

Founded Espressif Systems, a semiconductor firm specializing in Wi-Fi and Bluetooth solutions.

2000

Design Engineer

Joined Transilica, a company specializing in Bluetooth chips, as a design engineer.

Philanthropic Impact

Community Involvement$XB

Not Available

No Specific details are available on his current Philanthropy

Wealth Trajectory