Forbes

(vip2019) #1

TAIWAN’S 50 RICHEST


FORBES ASIA



  1. Hsu Chen
    $1.9 BILLION
    SOURCE: FOOD
    AGE: 64. MARRIED, 1 CHILD
    Family’s Hsu Fu Chi, founded in 1992, is one of the
    top makers of confectionery in China. The Hsus sold
    a 60% stake to Nestlé in 2011 for $1.7 billion but held
    on to rest. The candy giant continues to expand
    Hsu Fu Chi’s lines of candies, cakes and cookies in
    pursuit of No. 1 spot in China held by rival Mars.

  2. Luo Jye
    $3.8 BILLION
    SOURCE: TIRES
    AGE: 90. MARRIED, 4 CHILDREN
    Only returning member of top 10 whose
    fortune didn’t drop. Luo founded Cheng Shin
    Rubber in 1967 as a tire supplier to Taiwan’s
    then expanding bicycle industry. Today CST,
    run by his son Lo Tsai-Jen, is the world’s
    largest maker of bicycle tires. It also makes
    tires and tubes for motorcycles, all-terrain
    vehicles, cars, forklifts and lawn and garden
    equipment.

  3. Barry Lam
    $3.5 BILLION
    SOURCE: ELECTRONICS
    AGE: 67. MARRIED, 2 CHILDREN
    Chairman of Quanta Computer, one of
    world’s largest manufacturers of notebook
    computers, saw his fortune fall by $400 million.
    An improved outlook for cloud-computing
    equipment and a boost from Apple watches,
    of which it is a supplier, offer hope. Born in
    Shanghai, Lam moved with his family to Hong
    Kong after China’s revolution in 1949.

  4. Samuel Yin
    $2.9 BILLION
    SOURCE: DIVERSIFIED
    AGE: 65. MARRIED
    Yin suffered one of the worst stretches of his
    career in the past 12 months. Shares in flagship
    members of his Ruentex Group of companies—
    Ruentex Industries and Ruentex Development—fell
    amid slack growth in Taiwan. Biotech investments
    such as Taimed performed relatively well.
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  5. T.Y. Tsai
    $2 BILLION
    SOURCE: FINANCE
    MARRIED, 1 CHILD
    Rebel finds peace: T.Y. left Cathay Financial
    Holding, the company run by his billionaire brother
    Hong-tu (No. 6) to strike out on his own in 2010.
    These days he makes real estate investments
    through Homax Equity.
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  6. Pierre Chen
    $1.95 BILLION WX
    SOURCE: ART, ELECTRONICS
    AGE: 58. 3 CHILDREN
    Taiwan’s leading art collector picked up Andy
    Warhol’s “Mao” (1972) and Gerhard Richter’s
    “Abstraktes Bild” (1992) this past year. An
    engineer early in his career, he made his first
    fortune creating electronics components maker
    Yageo.


SUP TDOWN WXUNCHANGED ÌNEW TO LIST 3 RETURNEE IMAGINECHINA


  1. Jason & Richard Chang
    $3.6 BILLION T
    SOURCE: SEMICONDUCTORS
    AGE: 72, 69.
    Jason is chairman and Richard vice chairman of ASE, world’s largest independent semiconductor-
    processing company, which they cofounded in 1984. Firm announced in June plans to merge
    with Siliconware Precision, world’s No. 3 chip-packaging firm. Born in Shanghai, brothers came to
    Taiwan after 1949 revolution. Family made early fortune in real estate and still controls real estate
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Jason Chang

BY BUILDING LASTING RELATIONSHIPS WE HAVE


ACCOMPANIED MANY FAMILIES OVER GENERATIONS.

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