Days after calling for the firing of Intel Corp.'s CEO, President Donald Trump changed his mind following a "very interesting" meeting with the executive. "His success and rise is an amazing story," Trump wrote in a Truth Social post on Monday.
It's a story that's also made Lip-Bu Tan amazingly rich.
The 65-year-old technology and venture capital industry veteran has amassed a fortune worth at least $1.1 billion, according to the Bloomberg Billionaires Index, which is calculating Tan's net worth for the first time.
The bulk of his fortune stems from Cadence Design Systems Inc., a maker of chip design tools where Tan was chief executive officer for 12 years before joining Intel. He has sold shares worth more than $575 million in the San Jose, California-based company, and still holds a $