Singaporean retail investor Leo KoGuan has invested in Tesla (TSLA.US) since 2019 and has quietly accumulated one of the company’s single largest shares. Those familiar with KoGuan’s investment confirmed that as of the end of September, he owned 6.31 million Tesla shares. He also holds 1.82 million options and has the right to buy Tesla shares between $450 and $550 per share.
As of Friday’s close, the stock closed up 3.43% to $1,114, which is equivalent to KoGuan’s ability to buy Tesla shares at half the current share price. It is reported that the current value of KoGuan’s holdings exceeds US$7 billion.
KoGuan pointed out that he insists on holding a stock, and most importantly, believes in Elon Musk. He said: “Sometimes you win, sometimes you lose. Fortunately, I win more time than lose.” In 2019, he met Musk himself at SpaceX headquarters in Los Angeles.
KoGuan also stated that he has increased his position in Tesla since September. There is very little information about this KoGuan. In the United States, he is the founder of SHI International Corp, an enterprise software company with an annual revenue of 11.1 billion U.S. dollars. Recently, when he bought his $46 million penthouse in Singapore from Dyson founder James Dyson, KoGuan’s name briefly appeared in the public eye.
KoGuan described himself as a retail investor, saying that he started stock trading in 2019. He invested money in several well-known companies, such as Baidu (BIDU.US) and Weilai (NIO.US), and then he sold these positions, holding only one stock of Tesla (TSLA.US) .
He briefly introduced his method of accumulating wealth in the stock market, that is, buying short-term in-the-money stock options, making profits when stocks rise, using the proceeds to continue to buy underlying stocks, and reinvesting the remaining money in short-term in-the-money options among.
Although KoGuan called himself a retail investor, he was already an out-and-out rich man from a very early stage. In 1989, KoGuan purchased the heavily discounted assets of a bankrupt software supplier in New Jersey, which became the foundation of SHI International. He and his wife at the time ran the company together. By the time they divorced in 2002, the company’s annual income had exceeded 10%. One hundred million U.S. dollars.
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