Vi
President
Miven
VP
Miven
THE MONEY: The founders of home networking company Linksys Group Inc. Victor led product development and all company operations, while Janie led sales and business growth. Developed the first affordable broadband router, allowing consumers to connect all their Internet devices up to one broadband line.
THE NUMBERS: Linksys sold to Cisco Systems Inc. for $500 million in 2003. Couple in 2007 shifted their focus to Miven, an investment firm they had founded in 2005.
RECENT DEALS: Tsaos searching out investments for their private portfolio, run under Miven name (a blend of sons’ names: Michael and Steven). Manages multiple family entities that invest in a wide array of assets, including private equity, venture capital funds, hedge funds, real estate, public securities, and fixed-income instruments. The family office is in Newport Center Drive and keeps a low profile.
PHILANTHROPY: Tsao Family Foundation in Newport Beach supports religious, charitable, scientific, literary, cultural, and educational causes.
+9%
• NET WORTH: $1.2 billion
• LAST YEAR: $1.1 billion
• RESIDENCE: Newport Beach
• SOURCE OF WEALTH: Linksys sale, family office
