More money was invested in Tesla (TSLA) than Elon Musk personally, and a little-known investor is now reaping the benefits with a holding worth billions of dollars.
When KoGuan Leo overtook Elon Musk and Larry Ellison as the third-largest individual stakeholder in Tesla, we first wrote about him last year.
Little was known about the investor and his fortune, as we reported at the time. He is a Columbia University and New York Law School graduate who built the sizable IT company SHI International Corp.
It is challenging to assess it because it is a private corporation, but it must be quite valuable because it allows KoGuan Leo to invest enormous sums of money in Tesla.
He owned 6.2 million Tesla shares when we last reported on him, which, with the stock split last month, is equal to 18.6 million shares. He claimed that he would continue to invest billions more while continuing to purchase Tesla shares.
KoGuan Leo is also fascinating since, although having less shares than Musk, he has undoubtedly put a lot more money into Tesla than Musk has up to this date.
At this time, he thinks he has more money invested than Musk and Ellison put together:
By disclosing 22.6 million shares, he kept his promise to increase his investment in the company.
He probably spent close to $1 billion on those extra 4 million Tesla shares.
Additionally, KoGuan Leo admitted having purchased roughly 104,200 Tesla shares over the previous week. If you think he is lying, Tesla’s head of investor relations has previously acknowledged his Tesla holdings.
Regarding his assertion that he has contributed more money to Tesla than Musk, this is very likely true.
