From $20 million to $100: ‘Donut King’ Ted Ngoy fled from Cambodia to the US and became a multimillionaire in 10 years, lost it all; how he rebuilt his wealth

He fled a dictatorship in Cambodia and came to the US to have a better life. Within ten years of his arrival, Ted Ngoy became a multimillionaire, made a ‘sweet empire from doughnuts and achieved the elusive ‘American Dream only to lose it all – to gambling. The story of how ‘The Donut King went from rags to riches to rags and back to wealth again is a bittersweet tale of rising from the ashes.