Jakarta, CNBC Indonesia – A man born in Indonesia with United States nationality, Leo Koguan, one of a row of die-hard Elon Musk fans who bet their wealth on Elon’s company, Tesla.
Starting from his almost bankrupt condition at the beginning of the COVID-19 pandemic due to the falling equity market, Koguan decided to sell some of his shares such as Baidu, Nvidia, China Mobile, and Nio. Then, the proceeds from the sale of his shares were used to buy Tesla shares, the term for long-term investments during the pandemic.
“I consider myself a fanboy of Elon. I would say that he is the only person I respect on earth,” said Leo Kaguan.
Not without reason, the result of idolizing Elon Musk, Leo Kaguan, a man of Indonesian descent managed to attract the attention of the world because he made a profit of up to Rp. 122 trillion. Like many people affected by the Covid-19 Pandemic, Leo Koguan has also experienced this.
The 66-year-old Lelali decided to sell some of his shares such as Baidu, Nvidia, China Mobile, and Nio. Then, the proceeds from the sale of his shares were used to buy Tesla shares, the term for long-term investments during the pandemic.
Who would have thought, the investment was sweet fruit. Since March 1 last year, Tesla shares have skyrocketed by more than 1.440%. Leo Koguan also said that at the moment 100% of his portfolio consists of Tesla shares.
In addition, according to bank documents distributed to Forbes, as of September 24, Koguan owned 6.3 million Tesla shares and more than 1.8 million Tesla call options in cash.
Through Twitter and Linkedin, Leo Koguan confirmed that he is the third largest individual Tesla shareholder. The claim appears to be justified by a company spokesman, Martin Viecha.
With Tesla’s shares and his stake in the private IT company SHI International, Forbes estimates Koguan’s wealth at US$ 8.6 billion or equivalent to Rp. 122 trillion (exchange rate of Rp. 14,200).
Koguan also insists that he doesn’t care about his wealth and tends to spend his time on research. The Indonesian-born billionaire admits that he is crazy about physics and applies his KQID Time Engine theory to trade Tesla options.
Additionally, Koguan said he has no plans to sell Tesla shares to continue making profits on call options until he recalls 12 million shares, the size of his shares in March 2020.
At the end of last year, the name Leo Kaguan also had a chance to stick out because he bought a Penthouse in Singapore for Rp 803 billion. Perched atop Singapore’s tallest building, Tanjong Pagar Centre, this five-bedroom super penthouse features a 600-bottle wine cellar.
Not only that, this apartment also includes a swimming pool, jacuzzi and private garden with city views, once valued at SG$100 million, making it the most expensive penthouse in the city-state.
(hps / hps)
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