Started business when he was 16
Business: Auto parts, fashion
From a very young age, Chinese-American Jon Koon was already a mogul-in-the-making. He saw huge discrepancies between American and Japanese automobiles in terms of innovation and design, and used the $5,000 he’d saved up from red “lai see” packets to make aggressive moves into the auto market.
He started purchasing car parts from international supply chains, teamed up with a local mechanic and worked his magic to give tons of cars spiffy, high-end finishes and fancy engines with top-notch speakers — all of which gave rise to the blinged-out car craze that was MTV’s “Pimp My Ride” show.
Not long after, Jon opened a manufacturing business that distributed auto parts to a variety of niche markets. In 2008, he switched gears when American rapper Young Jeezy took Jon on as the exclusive partner in his line of clothing, 8732. Soon enough, Jon stuck with fashion as his true calling and his company, Tykoon Brand Holdings, now owns and operates several brands across the globe.
As of 2011, Tykoon Brand Holdings was worth $80 million — and Jon looks forward to several new projects Tykoon has lined up for the near future.