residents of Si Racha how they felt about Huy Fong's Sriracha, Huy Fong Sriracha is not "real" sriracha, but instead an Americanized facsimile, target foods born of immigrant and diasporic communities of color. During the ordeal, the extent of the Sriracha fandom revealed itself. He is currently the president of Huy Fong Foods. Well reveal it to you, along with other fun facts about David Tran. Rachel Nuwer Its also survived a lawsuit over its factorys smell and, most recently, a climate-related shortage of chilis last spring that forced Huy Fong to temporarily halt production, causing retail sales to spike as devotees and restaurants stocked up. David Tran, 77, founded Huy Fong Foods in southern California after fleeing Vietnam in 1978 with his wife and son, with his life savings of $20,000 worth of gold hidden in cans of condensed milk. Sriracha Hot Sauce maker David Tran net worth is sooo hot Check out the story! It took almost thirty-five years, but slowly and surely he managed to make Sriracha a dietary staple. The Sriracha Sauce is the original blend of sun-dried jalapeno puree. Tran manages this in part by forgoing marketing, famously eschewing spending on advertising for Huy Fong. [6] In 2019, the company had a 10% marketshare of the $1.55 billion hot sauce market in the United States. By May 2014, the city had dropped its lawsuit. It's my sriracha.". Unable to find a hot sauce that met his exacting standards, Tran decided to once again make hot sauce in the U.S. So he decided to buy fresh chilis and preserve them, applying his background in chemicals to make a hot sauce that stayed fresh and spicy. For five years after the fall of Saigon, he put . [6][10][7] He incorporated Huy Fong Foods, Inc. in February 1980, within a month of arriving in Los Angeles. He is an ethnic Chinese from Vietnam who immigrated to California. With hot sauce among the fastest-growing American industries, more such products are likely on their way. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'bouncemojo_com-banner-1','ezslot_9',117,'0','0'])};__ez_fad_position('div-gpt-ad-bouncemojo_com-banner-1-0');When David Tran dipped his hands into a bucket of jalapenos, the only thing he wanted was to provide for his family. Theres more to David Tran net worth than its millions! His Sriracha, a version of a hot sauce originating in Si Racha, Thailand, quickly spread through the San Gabriel Valley and eventually the nation. As the companys CEO, Tran has turned down lucrative offers to sell his company in fear that others will alterfrom his vision.