REAL TIME NET WORTH — as of 3/6/18
$1.3B
- Suzhou entrepreneur Don Gao started manufacturing hand tools, built his own factory and won a huge order for angle grinders from U.S. tool titan Black & Decker in the 1990s.
- After Black & Decker decided to make the grinders itself, Gao launched his own brand, Worx. and his firm, Positec, now one of China’s largest producers of power tools.
- Positec’s tools are sold at retailers like Lowe’s, Home Depot and Sears in the U.S.
- Gao also invests in real estate.
- Don Gao started manufacturing hand tools, built his own factory & won a huge order for angle grinders from US tool titan Black & Decker in the 1990s.
- After Black & Decker began making the grinders itself, Gao launched his own brand, Worx. His tool firm, Positec, is now one of China’s largest.
- Positec’s tools are sold at traditional retailers like Lowe’s and Sears in the U.S., as well as online on Amazon and Taobao.
- Gao also invests in real estate.
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