ASIAN Tech Billionaires Took Over the Stock Market - HOW?

why are there so many Asian Tech billionaires even in just America alone let's talk about it David because a lot of people are wondering yeah I think a lot of people they don't even know who these people are but these are like the Jay-Z and Beyonce of the Asian World woo are they uh we're going to talk about it because David in light of Nvidia stock boosting to the moon like two trillion valuation bro guys you know I'm not saying we're a stock Channel I'm not an expert on but if you guys have not caught wind of Nvidia you got a ro they that it um shout out to Jensen Wong andw he got the uh looks makeover after he became you know once once they hit about a trillion dollar market cap got got a cool haircut yeah yeah but we got to talk about it because uh this is just like something that I think people know in the Asian world but nobody ever talks about it because I think we want to talk about it guys and there's this whole list of just american-based Asian Tech billionaires not talking about about the ones in Asia because there are a lot in Asia but we can't name them all because there's too many but we're going to name the ones that have American businesses in America that are billionaires David let's just go through the names Lisa Su from AMD wow also microchips right Morris Chang from tsmc I don't know if he's he's not American but you know anyways tsmc is really relevant right now they're building a bunch of stuff in Arizona right now because you know the whole microchip semiconductor War the founders of door Dash Tang Andy bang Tony Shu interestingly enough andw a smaller I guess more premium door Dash also founded by Asians right are is that worth a billion dollars yet no no no not everybody on this list is billionaires by the way oh these are Milli like definitely millionaires M way in the Millions two billions uh stepen Chen and Jed Kim and who his uh father is Bengali founded YouTube along with Chad Hurley yep upan from PayPal one of the six original I think with Elon Musk right uh yeah James Park from Fitbit Forever 21 Founders technically is that Korea based or La based either way it was La based it was La I mean it's gone bankrupt now I think it got bought out by somebody else but it it was in a crazy Arc they were once valued at probably near a billion no yeah D Wong Chen Jing Su Chen Jerry Yang uh was the co-founder of Yahoo Eric Lie from LinkedIn Eric Yan founded Zoom Eric Yan is born in China but obviously Zoom is an American company based out of the bay uh David lamb from lamb research uh if you're not in the semiconductor world he started uh lamb research which did a lot of wafer fabrication and now he's doing Electron Beam lithography Alexander Wang we've talked about him and he's dating uh Kieran shipka right now uh the youngest American self-made billionaire in history 25 years old scale AI yep uh William Wang started Vio hey Vio got the best budget TVs in the game Tim Chen From Nerd wallet John 2 from Kingston technology Patrick Su Chung he's actually born from South Africa but he got he was in the the cancer research and he made a cancer drug and a minority owner of the Lakers yes and also and on to another NBA owner we've got Joe Sai yeah owns the Nets yeah ala made the money Alibaba you know from in China or on the Asia side of things but anyways owns the Nets Now in America uh this was just a few of the people uh these are sort of like we don't have Jay-Z's and beyon in the Asian-American Community right but these are almost like the people who just achieved like almost like Global elite elite elite A1 Plus status in terms of money I'm not saying Social Status I'm not saying blah blah blah I'm sure that's variable it depends on how they deploy their Capital but these are like absolute unbelievable successes right right right and uh yeah yeah I mean they're not always at the craziest parties they're not always with celebrities most of them are not they're Tech Founders yeah they're Tech Founders so I think the next part of this video is we're going to talk about why why why why there are so many Asian Tech billionaires in America and then also what does that mean David at the end like what does it matter that we got rich Asians we have a lot of poor Asians still in America but we got a lot of Rich nerdy Asians but what does that mean for Asians and the reason why there's not that many Indians on this list is well first of all I just had the list I pulled it but most Indians and there are billionaire CEOs they're entrepreneurs they rose up the company and they're billionaires due to their stock exposure versus founding the company there are some Founders let us know in the comments down below uh we just we didn't even name every Asian by the way right there more on the list but these are just like the main ones so anyways why are there so many Asian Tech billionaires let's go through the the reasons really quickly David A lot of people are going to be like well Asians are nerdy so they go on Tech well specifically a lot of East Asian countries are super nerdy right like their uh Global academic test scores are near the top in terms of science technology engineering but but but saying that they're nerdy is not enough that's too like broad like what does that mean like so that means a lot of Asians go into stem fields and if you think about it stem Fields okay cons computer science jobs due to their stability higher pay advancement opportunities it's what a lot of Asians value obviously you have to know generally a pretty good amount of math to go into those need actually Math Science and reading because how can you improve your science without the reading comprehension yeah and even in Tech uh background and physics maybe less biology but more physics and Mathematics matters you go into engineering obviously knowing the computer languages Java blah blah blah blah blah also David if you look at cultural history Confucianism it does value education obviously East Asia has had a long test taking culture actually East Asia and specifically China invented test taking Lally the concept of A ranked National exam was invented in China so these are obvious reasons don't worry stay with me guys um actually I looked into it Andrew it has to do with Mahayana Buddhism as well Mahayana Buddhism which in Japan now is more Zen Shinto but essentially Mahayana Buddhism that specific strain of Buddhism stresses education but education You could argue it it comes back to Confucianism Confucianism is stability but the stability came from education right right because and a lot of their a lot of Asians Roots come from countries that were not you know hundreds of years ago is capitalistic in that way the only way to rise up was through education so of course we value education a lot while in America if you grow up in America you already know there's like a million different ways to make money in America because it's capitalistic and it's very free this this the land of PT baram and Bailey say Outlaws is what you're starting to see is this intersection of valuing academics and Tech and science crossing over with capitalism and that's why you get all these big numbers so guys also a lot of these immigrants by the way they they went to good schools they might be from good families perhaps even their families were doctors scientists or Engineers of some sort or had some schooling so you're getting a pretty high crop the cream of the crop I would say partially from Asia to America and starting companies these are all good students a lot of people they came from these uh backgrounds where their maybe their dad was an engineer their dad had was involved in the field as you in some regard right some of these guys who are like 50 years old easily their father could have been at the early days of certain like science and computer Fields but anyways so obviously if you're second generation in something it's greater I mean it's like being Steph Curry Steph Curry there's no way he's becoming the greatest shooter of all time if his dad wasn't one of the greatest basketball Shooters of his respective era right uh a lot of exposure to computers at a young age obviously if your country doesn't have a lot of computers and Tech then that is going to affect also here's the thing my last point is that Asians are very entrepreneurial not only are they great cogs in the system and they are a lot of workers and a lot of like you know uh things like that but there's an entrepreneurial Spirit where there's actually 3 million asian-owned businesses in America and there's only 18 million Asians so that means there's one business per six Asians in America but not that's including all Asians and not just uh uh um sparing out for like people of of business age of adults yeah so if you think about me we ourselves have like three businesses yes so think about it Asians are super academic into STEM Science and Math you're getting the cream of the crop Asians this is a capitalistic country you start a business you can found a business you can rise up so to me it's not rocket science right right right I mean all the couple quick takeaways I wish I invested in Nvidia earlier stem is great because there's no Gatekeepers if you do the work you do the work typically right there's no sort of uh well we don't like the way you look if you do the research you do the research right um I will say this though it really depends on the life you're born into by the way check out small sauce at small sauce.com uh it depends on how you want to live your life because you know here's what I realize man like me and you we may come from a family where we could have been like a tech founder but we more went towards the societal things and talking about the social side of life and that's where most of our companies are based for example like SMA and fun brose Ventures and things like that but I'm saying well I guess that's more in the tech world but I'm saying that it's like everybody's like born into a community with different triggers obviously these CEOs that are Tech Founders they were born into a community where being a tech founder hit their dopamine triggers but that's not true for everybody for the life that they are just randomly born into right right right so I think that that's a huge thing anyway let's just get into the comments section somebody said uh you know stem empowers Asians man everybody says that Asians need to be more creative are more cool but how come stem it's our rock stars are still stem but I'm saying this I mean that's like looking at Jay-Z and Beyonce and being like oh you should if you're a black American you should only go into entertainment because that's where the highest levels have been achieved both everybody needs to be more holistic at everything right yeah yeah I don't I mean I I'm not ashamed at all by how many Asians are in stem I I don't feel any shame on that even though some people think that's perpetuate stereotypes or maybe to an extent it does and maybe you Nerdy with the quy and Theos and equations our whole philosophy is not change your major guys but it's like youo just be the best Asian you can be right get a better haircut you're going to be a software engineer right right right be a software engineer but just be a a better ver cooler version but um basically it's like yeah no I I don't want to confi confine races of people that's the whole terrible thing that you could do you know yeah but of course there's patterns of course you see Trends cultural things there's cultural factors yeah it's true we don't have any bad bunnies in the Asian world we don't have any I mean bad bad bonies yeah we don't have any bad Bonnies and stuff like that it's just I don't know every race has different patterns and different things that are like their situation even within Asians right like this is p what we're referring to is primarily East Asian right but you know there's a lot of Southeast Asians that are high up in tech companies too um basically somebody said can we stop with the wealth Worship in 2024 and tying personal value to money and somebody else well said well what other metric is there and then somebody said what about breaking stereotypes if everybody says that Asians are like weaker nerds what does these rich Tech CEOs do to challenge that if Asians are getting picked on in the streets or in the neighborhoods or in the rules okay uh do you think it's true that these Tech billionaires should take their billions of dollars or hundred M millions of dollars of liquidity and deploy it in entertainment media and politics the fields that Asians happen to be much weaker in okay I can't it's hard to tell every Tech billionaire to think like the fun Bros or something you know what I mean to think about oh think about the biger PCT and think about Asians are are are are viewed some of them don't care and that's not fully wrong but I wish they did but I also they didn't get to where they're at by caring the guy Jensen Hong doesn't create Nvidia for to to to upheave Asian male stereotypes that's not why he did it maybe that was like 5% and he was like well I just want to be a successful Asian guy but he doesn't he's not trying to break it so obviously I wish like he's not trying to make all Asian guys appear to be the rock yeah I mean I mean there's some billionaires who did give their money to certain organizations Joe Sai Jerry Yang who are all invested in like Taff the Asian-American fund which does some stuff like that but nobody who's like just producing all these films right and it's like yeah I do wish that some of these Hulu Netflix series could be partially funded by some really rich Asian guys and just be like a cool ass asian show does that mean it'd be successful I don't know right um why do we talk so much about Hollywood and not enough about these Tech founder billionaires like you know what I mean if you go to a a college or you go to we we do college shows all the time we just came back from University of Pittsburgh you know uh they don't ask you questions about Lisa Sue and Jensen Wong well obviously not that that anything I would have to say would be right not that we were even the people that they would ask to but um I mean because media is front-facing it's the thing that's cool it's the thing that's flashy it's the thing that's easily consumable right in a popular Hollywood High School these guys would be super successful but not cool but it's true cuz what percentage of American of the American population can understand a Jensen Hong or understand even what Nvidia is maybe Eric y more consumer facing products or maybe Alexander Wang now who's dating a Hollywood actress and does AI he's a little bit cooler he's kind of bringing he is kind of the Next Generation that's a little bit more in the news I would call him more Elon Musk like because Elon Musk was the Amber herd and because to be honest I I didn't hear about any of these Asian billionaires until like six years ago right right like I just didn't know because also they didn't become billionaires yet they were just working on the on the background you know unless you were in the tech world you didn't really know these guys until like several years ago right so cuz they're not like doing uh consumer facing prodct yeah you didn't meet them at the mixers or at these big parties you they they're they're not getting the Asian awards at the Asian award show maybe there should be entrepreneur of the year at like the unforgettable Gala in La that recognizes only entertainers and maybe you should just throw in some tech Founders so that they feel part of the party you know does it just feel like everybody's always like sort of unbalanced like you know how Asians we got like all the tech billionaires but then people would say you guys have like nobody popping I never listen to a song by an Asian-American that wasn't like Asians are still getting disrespected then like look at the African-American community have so many leaders in the cultural Media Sports entertainment space but then you could argue maybe on you know some of the more like other company side not a lot of representation you know what I mean yeah it's like it's but then of course white people they got both you got Bezos you got or what if I had to be honest and this is my final takeaway if I was to Direct One of these rich Asian guys and they were like hey guys I'm thinking about putting a lot of money x amount of money into politics or entertainment I might tell them to just put it in politics because putting money into entertainment I've seen it fail a lot and if you don't have the right creators around it it might not be that impactful but I almost think entertainment would have ultimately affect politics in the long term more because everybody in America whether you want to argue it's overly uh anti-intellectual overly like beholden to Hollywood coolness whatever this weird you know difficult to Define thing of coolness is in a few more Generations yeah I'm just trying to take my own self- incentive out of it because obviously if they put in entertainment I don't know maybe they would give some to us anyways guys you let us know in the comments down below what you think David any last takeaways though um I guess none of these people are like Kevin TR Kevin wi Jennifer Tran ABB abgs right all right is that fair is that real talk though can I just yeah of course dude Kevin yeah it's not anyway Kevin wins that type but then I'm saying the Kevin win archetype for guys it seems like it gets more love on just like uh if you go to Vegas on a that sort of perception you out in these cities and then but then these guys are shape-shifting the world so what's right and what's wrong what what what call and response AB beta testing is there I'll tell you this Jensen Wong did not do it for the girls although he may have maybe he's very appealing to a lot of women now he didn't do it he didn't create Nvidia for the women he's married too and everything like that but I'm just saying he didn't do it for the girlies all right so depending on what your motivations are you got to figure out what your motivations are what tracks on your dopamine and serotonin sensors but my whole thing is often times that's driven by the life you were born into wow let us know what you guys think of all these Asian Tech billionaire Founders in the comments section below I'm sure there was a ton that we left out apologies to anybody it wasn't on purpose let us know what you think in the comments section below until next time we to hop on boys we out peace