Allan Wong is the Co-Founder, Chairman and Chief Executive Officer of VTech with an estimated net worth of $1.3 billion as of March 2013. Born Allan Wong Chi Yun, he graduated with a Bachelor of Science degree in Electrical Engineering from The University of Hong Kong, a Master of Science degree in Electrical and Computer Engineering from the University of Wisconsin-Madison, and an Honorary Doctorate of Technology from The Hong Kong Polytechnic University.

Wong has accumulated his estimated net worth of $1.3 billion with VTech. He is the 40th richest person in the list of Hong Kong’s 50 Richest People and 1107th in the world. He co-founded the company along with Stephen Leung in October 1976. It is now considered as the world’s largest manufacturer of cordless telephones and the supplier of electronic learning products (ELPs) from infancy to preschool in the U.S. and Western Europe.

A year ago, Allan Wong’s net worth increased. The shares of his company have held high value despite the tough global economy. It has received from the investors a 3% increase in net profit to $91.2 million until September last year. Sales were up by 2.1% to $876 million.

Wong is also a deputy chairman and an independent non-executive director of The Bank of Asia, Ltd. as well as an independent non-executive director of China-Hong Kong Photo Products Holdingd Ltd. and Li & Fung Ltd.