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Chamarti Sreekar
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This factory worker's son became China's richest person with over $48 billion. Meet Colin Huang, the founder of Temu. Colin was born in 1980 to factory workers on the outskirts of Hangzhou. He won a mathematics Olympiad competition, which got him a spot at the elite Hangzhou foreign languages school. There, he studied alongside the children of China's most powerful families. Colin's programming skills led him to get his master's degree from the University of Wisconsin. In 2004, he turned down offers from tech giants like Microsoft and IBM to join a relatively unknown startup called Google. During his three years there, as the company's stock soared from $85 to over $500, Colin achieved what he called basic financial freedom. After leaving Google in 2007, he launched several ventures like Ookoo, Leki, and Zun Meng Studio. But an ear infection forced him into early retirement at age 33. In 2015, he founded Pinduoduo, an e-commerce platform under PDD Holdings that became a retail giant in China with 750 million monthly active users. In 2022, PDD Holdings launched Temu for international markets. The app quickly became America's most downloaded shopping app, famous for its shop like a billionaire Super Bowl ads and rock bottom prices. In August, 2024, he briefly became China's richest person with a fortune of $48 billion.
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