Billionaire Profile
Min Kao & family
Global Rank
#560

Image: Public domain | via Wikimedia Commons

Min Kao & family

CEO, Garmin
US
Real-Time Net Worth
$6.7B
As of December 2025
Age
76
Source
Navigation equipment
Industry
technology
Citizenship
US

Biography

Min Kao is a Taiwanese-American billionaire businessman and philanthropist, best known as the co-founder and Executive Chairman of Garmin Ltd. With an estimated net worth of $6.7 billion as of December 5, 2025, Kao's source of wealth stems from navigation equipment, specifically his role in establishing Garmin as a leader in GPS technology. Born in Taiwan in 1949, Kao earned advanced degrees in electrical engineering from the University of Tennessee, which laid the foundation for his successful career. He co-founded Garmin in 1989, leading the company's expansion into diverse markets, including automotive, aviation, marine, outdoor, and fitness. Kao stepped down as CEO in 2012 but remains actively involved as Executive Chairman. He is also recognized for his philanthropic contributions to education, particularly in engineering.

Wealth Over Time

In-Depth Profile

Early Life and Education

Min Hwan Kao was born in Zhushan, Nantou County, Taiwan, in 1949. He grew up in a modest family and showed an early aptitude for mathematics and science. After completing his primary and secondary education in Taiwan, Kao pursued higher education in the United States, earning a Bachelor of Science in Electrical Engineering from National Taiwan University. He continued his studies at the University of Tennessee, Knoxville, where he obtained his Master of Science and Ph.D. in electrical engineering in 1977.

Rise to Success

Kao's career began with research for NASA and the U.S. Army. He later worked as a systems analyst for Teledyne Systems and held positions at Magnavox Advanced Products, King Radio Corporation, and AlliedSignal. In 1989, Kao co-founded Garmin with Gary Burrell in Lenexa, Kansas. The company name, a portmanteau of their names, quickly became synonymous with innovation in GPS technology. Under Kao's leadership, Garmin expanded from marine navigation to aviation, automotive, and wearable technology markets, becoming a global leader in the industry.

Key Business Strategies

Garmin's success is attributed to several key strategies. These include a focus on vertical integration, controlling all aspects of product development, manufacturing, marketing, and sales. This approach allowed Garmin to maintain high quality, respond quickly to market changes, and innovate continuously. The company's diverse product portfolio, spanning multiple markets, has also been crucial, enabling Garmin to mitigate risks and capitalize on various growth opportunities.

Philanthropy

Min Kao is also known for his philanthropic efforts, particularly in supporting education. He and his wife, Fan Kao, have made significant contributions to the University of Tennessee, including a $12.5 million donation towards a new engineering building. The building was later named the Min H. Kao Electrical Engineering and Computer Science Building. Kao also donated to the University of Kansas and Kansas State University for the building of engineering labs.

Career Milestones

1977

Earned PhD in Electrical Engineering

Graduated from the University of Tennessee with a PhD, laying the foundation for his career in technology and navigation systems.

1989

Co-founded Garmin

Established Garmin with Gary Burrell, revolutionizing the GPS market and leading the company's growth.

2011

Elected to the National Academy of Engineering

Recognized for his contributions to developing and commercializing GPS navigation devices.

2012

Stepped down as CEO of Garmin

Transitioned to Executive Chairman role at Garmin, remaining involved in the company's strategic direction.

Philanthropy & Social Impact

Education

University of Tennessee Engineering Building

$12.5M

Donated towards the construction of the Min H. Kao Electrical Engineering and Computer Science Building.

Education

University of Kansas College of Engineering

$1M

Donated to the College of Engineering for the building of electrical and computer engineering design labs.

Education

Kansas State University College of Engineering

$1M

Donated to the College of Engineering for building four labs.