William Wang is an entrepreneur, born on 6th June 1958 in Taipei, Taiwan, who is best known as the founder and CEO of consumer electronics company Vizio.
Have you ever wondered how rich William Wang is? According to sources it has been estimated that William Wang’s overall net worth is over $1 billion, as of August 2017, accumulated through his lucrative business career. Since he is still very active as an entrepreneur and a businessman, his net worth continues to increase.
William Wang Net Worth $1 Billion
Raised in Taiwan, William moved to Hawaii when he was 12 years old and two years later to California, where he studied at the University of Southern California, graduating with a degree in Electrical Engineering in 1986. He then decided to start his own company, and launched MAG Innovision and later Princeton Graphic Systems, with the goal of creating better computer monitors than IBM’s. His initial capital of $350,000 increased to $600 million within six years, making Wang one of the most successful entrepreneurs of the time, primarily as these companies were the first to introduce CRT and LCD monitors. With the advance of the computer market, William decided to sell the company in an attempt to start a new one, but this turned out to be unsuccessful, still leaving him with a healthy net worth.
However, in 2000, while returning from a business trip, Wang was one of the travelers on Singapore Airlines Flight 006 who survived when the aircraft crashed on take-off from Taipei. This made him reorganize his life and thoughts, resulting in a decision to close down all of his businesses and turn to the television market. The following year Gateway, Inc asked William to help them put together a TV plan, and the outcome was a 42-inch plasma TV system with a price of $2999. Soon after, Wang established his own company and entered television manufacturing. In 2002 he started V Inc with Ken Lowe and Laynie Newsome, with an intention to combine high quality and low prices. He soon renamed the company to VIZIO Inc which was also the name of their new plasma TV. This company is currently one of the largest sellers of LCD HDTV in North America, and has a multi-billion-dollar income.
Today, as the CEO of VIZIO, Wang works on creating the next generation TVs and other entertainment products, by still fulfilling his dream of providing the best customer experience in low prices and high quality. His brand has been awarded several times by highly acknowledged industry publications and industries, including the Best Television Under $500 by Reviewed.com and Best Midrange LCD TV. Other acknowledgements include Best Value 4K Television, Editor’s Choice Award, Best Tech Products etc.
William Wang’s personal accolades include being on the list of Forbes’ 25 Most Notable Chinese-Americans, and receiving Entrepreneur of the Year honors from several companies and magazines.
Apart from his business career, William is also a member of the Boards of the Segerstrom Center for the Arts and the Tim Salmon Foundation. At the American Film Institute Corporate Council, he serves as its Vice Chairman.
When it comes to his personal life, there isn’t much data known, as Wang prefers to keep his private affairs away from the prying eyes of the public.
