A Single Tesla Order Boosts a Family’s Fortune to Over $800 Million

The Jae-hong family has amassed a fortune of over $800 million thanks to a single Tesla order.
Michael Macor/The San Francisco Chronicle via Getty Images

  • A single order from Tesla has boosted a family’s fortune to over $800 million, according to Bloomberg. 
  • Cathode company L&F won a $2.9 billion order from Tesla this year, sending its stock soaring. 
  • That’s generated a large amount of wealth for the Jae-hong family, who owns stock in the battery-material firm. 

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