How Vietnamese Refugee David Tran Became America's First Hot Sauce Billionaire
In December 1978, David Tran, then 33, left his home in Vietnam with 100 ounces of gold. Worth $20,000 at the time, or about $90,000 in today's ter...
In December 1978, David Tran, then 33, left his home in Vietnam with 100 ounces of gold. Worth $20,000 at the time, or about $90,000 in today's terms, the precious metal was stashed in cans of condensed milk to evade the attention of Vietnam's Communist authorities. Tran traveled by freighter to Hong Kong, where he spent eight months at a refugee camp, then moved to Boston for six months before settling in Los Angeles. Once in L.A., he sold a chunk of the gold and bought a 2,500-square-foot building in the city's Chinatown.