Norman Hsu Receives Degree from Wharton School
Hsu was born and raised in Hong Kong; his ancestors are from Shanghai.
He then came to the United States at age 18, obtained a B.S. degree in computer science from the University of California, Berkeley in 1973, and later married in 1974 and received a California real estate license in 1976, and received an M.B.A. from the Wharton School in 1981. He and other Hong Kong partners formed the sportswear company Laveno in 1982, which went bankrupt in 1984. He then created other sportswear companies, including Wear This, Base, and Foreign Exchange. He engaged in other businesses as well, including clothing stores and restaurants. During this time, he became a naturalized American citizen
He received a license to sell real estate in California in 1976. After winning a degree from the University of Pennsylvania's Wharton School in 1981, he got involved in a wide range of enterprises in California, including clothing stores and restaurants, according to court documents.