Eric Tse, who graduated from Wharton School of Finance, became a billionaire over the course of one night. And no, he didn’t win the lottery. His family granted him a fifth of Sino Biopharmaceutical Ltd 'as a gift of nil consideration.'
Discover our latest podcast
One of the wealthiest people in Asia
His earnings make him one of the wealthiest people in Asia. Well, he’s probably one of the wealthiest people in the world, but we will never know where he ranks because he doesn’t want his name to appear on billionaire lists that rank rich people.
Alternatively, the billionaire would prefer 'participating in such nominations in the name of the Tse Ping family.' Yet, Forbes claims that his new earnings make him one of the 550 wealthiest people in the world. Think that’s not impressive? Just remember that over seven billion people inhabit the Earth.
Executive director
However, when we add his sudden billionaire status with his new role of being an 'executive director of the company’s executive board committee' where he will earn $498,000 a year (bonuses not included), we can kind of guess where he stands among the world’s richest people.
We do know that he earns more than both Starbucks’ and Snapchat’s founders! Crazy, right? Eric’s wealth also allows him to live a lavish lifestyle and party with A-list celebs. Who has he been spotted with? Tune into our video to find out.
