Clara Wu Tsai
Clara Wu Tsai
Born
Clara Ming-Hua Wu

1966 (age 57–58)
Lawrence, Kansas, U.S.
EducationStanford University (BA, MA)
Harvard University (MBA)
OccupationBusinesswoman
OrganizationREFORM Alliance
Spouse
​
(m. 1996)​

Clara Wu Tsai is an American businesswoman, philanthropist, and criminal justice activist. She is a co-owner of the Brooklyn Nets, the New York Liberty, the San Diego Seals, and Barclays Center.[1][2] She is a founding partner of REFORM Alliance, a nonprofit focused on prison and parole reform in the United States.[3]

Early life and education

Wu Tsai was born in Lawrence, Kansas to Dr. De Min Wu and Chin-Sha Wu, who were immigrants.[4][5][6] Her father was a professor of economics at the University of Kansas.[4][6] Wu Tsai attended Stanford University, receiving both a bachelor of arts degree and a master's degree in international relations in 1988.[4] She later received an MBA from Harvard University in 1993.[4] [7]

Career

Wu Tsai was a senior manager and vice president in the business analysis unit of the finance group at American Express.[4][8] Wu Tsai also worked for Taobao Hong Kong.[8][9]

Wu Tsai was a founding partner of REFORM Alliance and sits on the board of directors.[10][11]

In January 2019, her husband, Joseph Tsai, purchased the Brooklyn Nets and the Nets' arena Barclays Center from Mikhail Prokhorov.[12]

Philanthropy

Wu Tsai and her husband started a foundation, the Joe and Clara Tsai Foundation. Wu Tsai leads and manages the foundation's work in supporting scientific research, economic mobility, social justice, and creativity in the arts.[8][9] The Stanford University neuroscience institute is named after Wu Tsai.[9]

In August 2020, in the wake of the George Floyd protests, Wu Tsai and her husband donated $50 million to social justice and economic equality initiatives which support Black, Indigenous, and People of Color.[1] The couple developed a five-point action plan and stated that they planned to focus on organizations in Brooklyn, New York.[1]

Wu Tsai and her husband donated to Yale University to create the Wu Tsai Institute, which is set to open in the fall of 2022.[8] The Institute will have three centers: the Center for Neurodevelopment and Plasticity, the Center for Neurocognition and Behavior, and the Center for Neurocomputation and Machine Intelligence.[13][5][8]

The Joe and Clara Tsai Foundation also donated to the University of California San Diego’s 21st Century China Center to expand its data-based research, policy engagement, and education on issues related to U.S.-China relations.[2]

In 2021, the Joe and Clara Tsai Foundation funded a Jean-Michel Basquiat educational arts program developed in partnership between the Brooklyn Nets, the New York City Department of Education and the Fund for Public Schools.[14]

Awards

In February 2021, Wu Tsai was named "Champion of Justice" by John Jay College for her role in creating and forming REFORM Alliance.[5] The award also recognized her $50 million donation to create the Social Justice Fund for Brooklyn's Black, Indigenous, and People of Color.[5]

Personal life

Wu Tsai married businessman Joseph Tsai at Park Avenue Christian Church on October 4, 1996.[1][4] They have three children: Alex, Dash, and Jacob.[9]

Wu Tsai has a residence in La Jolla, California.[2][9]

References

  1. 1 2 3 4 Lucking, Liz (August 26, 2020). "Joe Tsai and Clara Wu Tsai Donate $50 Million to Social Justice and Economic Equality for BIPOC". Penta. Retrieved April 15, 2021.
  2. 1 2 3 Clark, Christine (March 4, 2021). "Major Gift Supports UC San Diego's 21st Century China Center". UC San Diego News Center. Retrieved April 15, 2021.
  3. ↑ "Joe and Clara Wu Tsai announce first awards from Brooklyn Social Justice Fund". Net Daily. December 17, 2020. Retrieved April 15, 2021.
  4. 1 2 3 4 5 6 "Clara Wu And Joseph Tsai". New York Times. October 6, 1996. Retrieved April 15, 2021.
  5. 1 2 3 4 "Clara Wu Tsai honored as 'Champion of Justice' for her criminal and social justice efforts". Net Daily. March 1, 2021. Retrieved April 15, 2021.
  6. 1 2 "De-Min and Chin-Sha Wu". Economics. May 7, 2020. Retrieved July 8, 2021.
  7. ↑ "Clara Wu Tsai elected to Stanford Board of Trustees". November 16, 2021.
  8. 1 2 3 4 5 Peart, Karen (February 16, 2021). "At Yale, new neuroscience institute to unravel the mysteries of cognition". Yale. Retrieved April 15, 2021.
  9. 1 2 3 4 5 DaSilva, Matt (July 31, 2020). "COLLEGE LACROSSE PLAYERS JOIN EFFORT TO ELIMINATE FOOD WASTE DURING PANDEMIC". US Lacrosse Magazine. Retrieved April 15, 2021.
  10. ↑ "REFORM Alliance Announces Continued Momentum With Legislative Win in Virginia". Inside NOVA. April 12, 2021. Retrieved April 15, 2021.
  11. ↑ "Board of Directors". REFORM Alliance. Retrieved April 15, 2021.
  12. ↑ "The Queens come to Brooklyn ... Liberty ramps up marketing ahead of move". Nets Daily. April 9, 2021. Retrieved April 15, 2021.
  13. ↑ Walsh, Dylan (May 2021). "Interdisciplinary hub for researching the brain". Yale Alumni Magazine. Retrieved April 15, 2021.
  14. ↑ "Barclays Center To Host Student Art Show Featuring 150 Works Inspired By Jean-Michel Basquiat Aug. 7–9". Brooklyn Nets. Retrieved July 28, 2021.
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