Who is Ming Hsieh?
Ming Hsieh is a notable figure in the technology industry, having made substantial contributions to biometric identification and genetic testing. Born in China in 1956, Ming Hsieh relocated to the USA, where he established his empire. Ming Hsieh is married to Eva Hsieh, and they are proud parents to four children. His career is marked by the founding of two successful companies, Cogent Systems and Fulgent Genetics.
Key Takeaways
- Ming Hsieh is a Chinese-born American billionaire, and founder of Cogent Systems and Fulgent Genetics.
- Cogent Systems revolutionized law enforcement and civil identifications through its fingerprint identification systems.
- Fulgent Genetics provides comprehensive genetic testing solutions and has been instrumental in the fight against COVID-19.
- Ming Hsieh has an estimated net worth of $1.1 billion, reflecting his success and impact in the technology industry.
- He is the owner of the Ocean Dreamwalker Yacht.
Cogent Systems
Cogent Systems stands as a testament to Ming Hsieh’s innovative approach to technology. The company specializes in fingerprint identification systems, which are pivotal in matching fingerprints against extensive databases. This technology has been a game-changer in law enforcement, aiding in criminal identification and solving unsolved crimes. Furthermore, automated fingerprint identification systems (AFIS) have been utilized in various civil identifications such as electoral and welfare systems, driver licensing, and background checks for sensitive job positions. In a strategic move, Cogent Systems was sold to IBM in 2010 for a whopping $950 million, solidifying Ming Hsieh’s status as a visionary entrepreneur.
Fulgent Genetics
Fulgent Genetics is another feather in Ming Hsieh’s cap. This genetic testing technology company has revolutionized the healthcare industry by offering comprehensive and state-of-the-art genetic testing solutions. With its FDA-authorized diagnostic tests, Fulgent Genetics has been at the forefront of the battle against COVID-19, providing vital testing services. Additionally, the company specializes in genetic testing for hereditary conditions such as cancer, Parkinson’s, and Alzheimer’s disease, further showcasing its commitment to advancing healthcare and improving lives.
Ming Hsieh Net Worth
With a net worth of an estimated $1.1 billion, Ming Hsieh’s success is a testament to his hard work, innovation, and commitment to improving the world through technology.
Sources
Ming Hsieh – Wikipedia
Cogent Systems – Wikipedia
Ming Hsieh, The 400 Richest Americans – Forbes.com
Fulgent Genetics – Leader in Next Generation Sequencing
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