Charles Wang was a Chinese Businessman and Philanthropist. He was known as the co-founder and CEO of Computer Associates International Inc. Charles Wang net worth before his death is estimated to be more than $800 million.
Charles Wang was born in Shanghai to Kenneth and Mary Wang. His father was a Supreme Court judge in the Republic of China. Wang moved to United States when he was 8 years old. He went to Brooklyn Technical High School and then earned Bachelor of Science degree from Queens College.
In 1976, Wang and his business partner Russell Artzt established Computer Associates. He grew Computer Associates into one of the country’s largest software vendors. By 1989, his company became the first software company to reach $1 billion in revenues.
He was also a minority owner of the New York Islanders hockey franchise in 2000 and then became a majority owner from 2001-2016. He bought the Islanders in 2000 along with Sanjay Kumar, then the president of Computer Associates International. In 2014, he announced that he was selling the team to a group of investors and since then he had been a minority co-owner.
He was an active philanthropist. In 1999, he founded the Charles B. Wang Foundation which donates to numerous charities that focuses on bettering the lives of children and the disenfranchised. He donated over $50 million to the State University of New York at Stony Brook for the construction of the Charles B. Wang Center. It was the largest donation at the time. In 2000, Wang and his brothers donated a new law school to China’s Soochow University in honor of their father Kenneth Wang and in celebration of University’s 100th Anniversary.
On October 21, 2018, Wand died at the age of 74 in New York. He died of lung cancer.