Billionaire Tesla Whale Says He Bought 1 Million Nvidia Shares

Billionaire Leo KoGuan, who emerged a few years ago as one of the biggest individual shareholders of Tesla Inc., said he bought 1 million shares of Nvidia Corp. on Tuesday.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Billionaire Leo KoGuan, who emerged a few years ago as one of the biggest individual shareholders of Tesla Inc., said he bought 1 million shares of Nvidia Corp. on Tuesday.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.“I am convinced AI is NOT a bubble, it is only the beginning,” KoGuan posted on X on Wednesday. “Plan to buy 1 million more NVDA soon. To show support to nervous market,” he followed up in a message to Bloomberg News. Nvidia closed at $180.05 on Tuesday in New York, meaning the 71-year-old billionaire would’ve paid roughly $180 million. He has a $12.8 billion fortune, according to the Bloomberg Billionaires Index.Even though he’s become increasingly skeptical of Elon Musk and Tesla, including its decision to award the chief executive officer a pay package potentially worth as much as $1 trillion, KoGuan said he is “still mostly in Tesla” and treasury bills. He’s declined to specify how much he’s pared his Tesla stake over the years.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.“I do think Tesla’s energy, cybercap and Teslabot are NOT fully priced in,” he wrote on the social media platform. “So that, daring investors could still buy Tesla today for the future fortune. Tesla is the leading embodied AI on earth.”Born in Indonesia, educated in New York and residing in Singapore, KoGuan made his initial fortune from SHI International Corp., a Somerset, New Jersey-based enterprise software company he ran with his ex-wife. He has said he began buying Tesla in 2019 and quickly built a massive holding using stock options, increasing his stake multiple times.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.