Billionaire Profile
M
Global Rank
#506

Image: Lincoln Financial Foundation Collection | Public domain | via Wikimedia Commons

Min Kao & family

CEO, Navigation equipment
UNITED STATES
Real-Time Net Worth
$7.494B
Estimated based on Navigation equipment stock value as of March 6, 2026
-2.61% (24h)
Age
77
Source
Navigation equipment
Industry
Technology
Citizenship
UNITED STATES

Biography

Min Kao is a Taiwanese-American electrical engineer, businessman, and philanthropist, best known as the co-founder and Executive Chairman of Garmin Ltd. Born in Taiwan in 1949, Kao earned advanced degrees in electrical engineering from the University of Tennessee after graduating from National Taiwan University. His career includes significant research contributions at NASA and the U.S. Army. In 1989, he co-founded Garmin, transforming GPS technology into consumer products and creating a global leader in navigation devices. As of early February 2026, Min Kao's net worth is estimated to be $3.8 billion, a testament to his success in the technology industry. He and his family reside in Leawood, Kansas.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Min Hwan Kao was born in 1949 in Zhushan, Nantou, Taiwan. He showed an early aptitude for mathematics and science. After completing his primary and secondary education in Taiwan, he enrolled at National Taiwan University, earning a bachelor's degree in electrical engineering. In 1973, he moved to the United States and earned his Master of Science and Ph.D. in electrical engineering from the University of Tennessee, Knoxville, in 1974 and 1977, respectively.

Rise to Success

Kao's career began with research roles for NASA and the U.S. Army. He later worked as a systems analyst for Teledyne Systems, an algorithm designer for Magnavox Advanced Products, and an engineering group leader for King Radio Corporation. In 1989, Kao co-founded Garmin Corporation with Gary Burrell, leveraging his expertise in GPS technology. The company, named by combining parts of their first names, initially focused on integrating GPS into consumer-friendly devices. Under Kao's leadership as CEO until 2012 and subsequently as Executive Chairman, Garmin expanded its product line to include automotive, aviation, marine, and wearable technology markets, becoming a global leader in satellite navigation.

Key Business Strategies

Garmin's success is attributed to its innovative approach to integrating GPS technology into consumer products. Kao's engineering expertise was instrumental in the development of the original Garmin product line. The company's strategy involved vertical integration, handling everything from product conception and manufacturing to marketing and sales, which allowed for greater control and innovation. The company's revenue is approximately $6 billion annually.

Philanthropy

Min Kao and his wife, Fan Kao, have been actively involved in philanthropy, particularly in support of education. In 2005, they donated $17.5 million to the University of Tennessee for the construction of the Min H. Kao Electrical Engineering and Computer Science Building. They have also made donations to the University of Kansas and Kansas State University. In 2024, Kao pledged $20 million to National Taiwan University for educational initiatives.

Career Milestones

1970s

Researcher

Undertook research for NASA and the United States Army.

1989

Co-founded Garmin

Co-founded Garmin with Gary Burrell, integrating GPS technology into consumer navigation devices.

2011

Elected to the National Academy of Engineering

Elected for leadership in developing and commercializing compact GPS navigation devices.

Philanthropy & Social Impact

Education

University of Tennessee

$17.5M

Donation for the construction of the Min H. Kao Electrical Engineering and Computer Science Building.

Healthcare

Cedars-Sinai Medical Center

$20M

Donation for the Kao Autoimmunity Institute.

Education

National Taiwan University

$20M

Pledge for educational initiatives.

Business Philosophy & Leadership

Notable Quotes

"I am fortunate to be in a position to give back to a university that gave so much to me."

Leadership Principles

Innovation

Driving the development of new technologies and products.

Customer Focus

Enriching people's lives by bringing GPS technology to the consumer market.

Strategic Planning

Providing ongoing support to the company's strategic planning and business development processes.