Billionaire Profile
David Teoh
Global Rank
#2011

Image: Public domain | via Wikimedia Commons

David Teoh

CEO, TPG Telecom
AU
Real-Time Net Worth
$1.9B
As of December 2025
Age
69
Source
Telecom
Industry
telecom
Citizenship
AU

Biography

David Teoh, a Malaysian-born Australian businessman, is the founder of TPG Telecom. Through strategic acquisitions, he transformed the company from a computer retailer into a major internet service provider in Australia. His career in the telecom industry led him to become a billionaire, with a net worth of $1.9 billion. Teoh's wealth source is primarily from Telecom, and he is known for his reclusive nature, preferring to stay out of the public eye. He is married to Vicky Teoh and has four children.

Wealth Over Time

In-Depth Profile

Early Life

David Siang Hai Teoh was born in Malaysia. He emigrated to Australia in 1986. Details about his early life and childhood are not widely available.

Rise to Success

In 1992, David Teoh, along with his wife Vicky, founded TPG, initially as a computer retail company. Through strategic acquisitions, including securing a mobile spectrum license, TPG evolved into a major internet service provider in Australia. TPG's success was driven by strategic acquisitions and expansions, including the purchase of PIPE Networks in 2010.

Key Business Strategies

Teoh's key strategies involved transforming TPG through strategic acquisitions, including a mobile spectrum license. He expanded TPG through several acquisitions and transformed the company into a leading ISP. He was also involved in a $13 billion merger with Vodafone Hutchison Australia in 2018, which was approved in 2020. He resigned as executive chairman of TPG in 2021.

Philanthropy

Information on his specific philanthropy amounts are unavailable from the search results.

Career Milestones

1986

Emigrated to Australia

David Teoh moved to Australia from Malaysia.

1992

Founded TPG

Co-founded TPG, initially as a computer retail company.

2020

TPG-Vodafone Merger

Merger between TPG and Vodafone Hutchison Australia approved.

2021

Resigned as Executive Chairman of TPG

Stepped down from the role at TPG Telecom.

Philanthropy & Social Impact

Unknown

Unknown

Undisclosed

Specific details on philanthropy are not available in the search results.

Business Philosophy & Leadership

Notable Quotes

""We were fortunate there weren't many good companies around at that time [to compete with].""

Leadership Principles

Customer Focus

Focused on what the customer wants.